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Author
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Prepared by a team led by Toshiyuki Miyoshi and comprising Stephanie Segal, Preya Sharma, and Anish Tailor, with inputs provided by Mali Chivakul, Lorenzo Giorgianni, Gavin Gray, Bikas Joshi, Ben Kelmanson, Sergi Lanau, Martin Mühleisen, Uma Ramakrishnan, and Edouard Vidon. Overall guidance was provided by James Roaf (all SPR). |
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Summary /
Abstract
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Following the global financial crisis of 2008-09, regional financing arrangements (RFAs) have been recognized as an important layer of the global financial safety net. This paper summarizes the current landscape of RFAs, and discusses IMF-RFA coordination to date and options for enhancing cooperation going forward. In so doing, it intends to contribute to discussions underway at international fora and solicit views from the Fund and RFA memberships on how to enhance cooperation. |
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Keywords
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International monetary system, Financial safety nets, External financing, International cooperation, Fund role |