Regional monetary cooperation as a mechanism to confront financial crises “Chiang Mai initiative as a model”
التعاون النقدي الإقليمي لمواجهة الأزمات المالية
“مبادرة شاينغ ماي نموذجا”
In light of the weakness of developing countries and the multiple problems they suffer from “exchange rates, imbalances in the balance of payments, financing for development” make it difficult to succeed alone in facing the globalized financial market, huge financial flows and facing development problems, and this is what prompts them to search Other frameworks for monetary and financial cooperation are closer and broader than the frameworks stipulated in their financial and monetary systems, and in light of the international trends that have become attaching great importance to regional arrangements for monetary cooperation, we find that the majority of developing countries have arranged their agenda for cooperation in a regional framework as one of the important means to confront crises and this is what we will address In this research paper.
Keywords: Regional Monetary Cooperation, Financial Crises, Chiang Mai Initiative.
Salim Bourchid ABDELKADER, College of business, king Khalid University – Kingdom of SAUDI ARABIA
Elsiddig Youcif Mohammed MOUSA, College of business, king Khalid University – Kingdom of SAUDI ARABIA
Zied AkroutCollege of business, king Khalid University – Kingdom of SAUDI ARABIA