Asian Financial Forum: Call for Chiang Mai upgrades, shorts control

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Concern over the potential effects of the sudden exit of fund inflows into the region – if the recent spate of speculative investment were to end – and other future crises, saw government heads speaking at the Asian Financial Forum call for several areas of policy to be tightened.

In particular, Rintaro Tamaki, vice minister of finance for international affairs, Japan, underlined his view that the Chiang Mai Initiative – a multilateral currency swap agreement between the ten members of Asean and

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