Student feedback<\/span><\/h5>\n\u201cWhat an informative presentation! AMRO is a goal-oriented and resilient international organization. It must receive approvals from all members to work towards one treaty, which is challenging yet great work!\u201d<\/span><\/p>\n\u201cI was surprised that even central bankers didn’t know how to cope with the situation in the Asian currency crisis. It was nice to establish the organization providing information and restraining hedge funds.\u201d<\/span><\/p>\n\u201cPolitical will is paramount to achieving financial cooperation in the region.\u201d<\/span><\/p>\n\u201cI am glad to learn about the structure of AMRO and its vision. It plays an important role in stabilizing the financial and macroeconomic conditions in the ASEAN+3 region.\u201d<\/span><\/p>\n\u201cThe establishment of AMRO was timely for the region. AMRO needs to be given a higher mandate that can match IMF to some extent so that AMRO can take over some of IMF roles.\u201d<\/span><\/p>\n\u201cI learned that AMRO, as a young international organization, has served a pivotal function in supporting and strengthening the economic and financial stability of the ASEAN+3 region. I was inspired to hear, \u2018In a crisis, there is opportunity.\u2019\u201d <\/span><\/p>\n\u201cBesides fostering further understanding of safeguarding macroeconomic and financial resilience in the region, the discussion provided clear perspectives on the present and future ASEAN situation and its neighboring countries considering the geopolitical issues at hand.\u201d<\/span><\/p>\n\u201cIn increasing global geopolitical and trade tensions, multilateral cooperation in the finance track through international organizations such as AMRO buttresses the global system. Collectively they remind us of interdependencies and reinforce the importance of collaboration.\u201d<\/span><\/p>\n\u201cGeopolitics always influence the event and decisions of international politics in all spheres. Though the idea of the formulation of the Asian Monetary Fund was not institutionalized mainly due to the concerns of the US and IMF, the unreadiness of China, and the geopolitical concerns of the US over Japan in achieving the creation of regional order with its image.\u201d<\/span><\/p>\n\u201cRegional geopolitics has changed significantly, particularly with the rise of China: the important role of ASEAN for the US in containing China, and Japan\u2019s role in institutionalizing regional rule-based order. Given the situation, with the new attempt at the formation of AMF, there could be more possibilities than the time in 1998; however, the motivation of Japan can be the main question to be answered at this time.\u201d<\/span><\/p>\n\u201cI\u2019ve learned how AMRO functions as a research arm of ASEAN+3 to support monitoring its members\u2019 economic health. We were also introduced to CMIM, which can act as a lender of last resort for its members.\u201d<\/span><\/p>\n\u201cAMRO has been pivotal in maintaining economic stability within the ASEAN+3 region. As an economics student, I understand the challenges and complexities of gathering and harmonizing data across multiple countries with varying standards.\u201d<\/span><\/p>\n\u201cThe opportunity to interact with guest speakers from AMRO in class and discuss the challenges faced by AMRO with the data foundation for their research projects further reinforced my understanding of the pivotal role of data in such macroeconomic studies.\u201d<\/span><\/p>\n\u201cAMRO’s position offers a unique opportunity to champion increased cooperation and openness in regional data sharing. I have high expectations of what can be achieved if such a data-sharing system is established. Not only would it enable richer and more nuanced research, but it would also enhance the capacity of ASEAN+3 countries to collaborate on macroeconomic matters. A robust data-sharing system could serve as the foundation for a new level of economic resilience and integrated development.\u201d<\/span><\/p>\n\u201cHe who feeds you controls you; exploring RFA is vital to avoid over-independence from IMF\/World Bank.\u201d<\/span><\/p>\n\u201cAlthough four lines of defense are available, more are needed due to many uncertainties. Learning from the Asian Financial Crisis, many ASEAN+3 countries remain reluctant to get loans from IMF. AMRO\u2019s role needs to be boosted for a more robust line of defense in the region.\u201d<\/span><\/p>\n\u201cGiven the various challenges in the region, the discussion explored multiple issues on navigating the complexities and importance of a reliable financial safety net in the region while exploring other possible financing facilities and structures.\u201d<\/span><\/p>\n\u201cThe global financial safety net has continuously evolved through various crises. This adaptation looks set to continue as we confront modern challenges. Within this context, I believe in a future where obstacles would be overcome and an AMF be founded.\u201d<\/span><\/p>\n\u201cThe concept of financial safety nets is gaining the interest of policymakers at a regional level, ensuring more resilience for the region for unexpected financial crises in the future. Multilateral arrangements based on consensus could give ASEAN members more confidence to get involved than bilateral ones.\u201d<\/span><\/p>\n![\"\"](\"https:\/\/www.pp.u-tokyo.ac.jp\/wp-content\/uploads\/2023\/06\/20230605_164901-300x266.jpg\")
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On June 5 and 7, a group of students had a dialogue with two professionals from the ASEAN+3 Macroeconomic Rese […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[69,83],"coauthors":[325],"class_list":["post-42924","post","type-post","status-publish","format-standard","hentry","category-news","tag-guest-speaker-seminar","tag-summary"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/graspp.neopa.jp\/en\/wp-json\/wp\/v2\/posts\/42924","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/graspp.neopa.jp\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/graspp.neopa.jp\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/graspp.neopa.jp\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/graspp.neopa.jp\/en\/wp-json\/wp\/v2\/comments?post=42924"}],"version-history":[{"count":0,"href":"https:\/\/graspp.neopa.jp\/en\/wp-json\/wp\/v2\/posts\/42924\/revisions"}],"wp:attachment":[{"href":"https:\/\/graspp.neopa.jp\/en\/wp-json\/wp\/v2\/media?parent=42924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/graspp.neopa.jp\/en\/wp-json\/wp\/v2\/categories?post=42924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/graspp.neopa.jp\/en\/wp-json\/wp\/v2\/tags?post=42924"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/graspp.neopa.jp\/en\/wp-json\/wp\/v2\/coauthors?post=42924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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