The second is a project aimed at building a mutual framework of foreign currency liquidity provision in times of crisis, called the Chiang Mai Initiative (CMI). The CMI started building a bilateral currency swap network in the region, which involves a contingent claim on foreign currency reserves held by each ASEAN+3 authority.
David Dodge: Economic and financial trends in Canada Opening statement by Mr David Dodge, Governor of the Bank of Canada, at a press conference following the release of the Monetary Policy Report, Ottawa, 22 October 2003. *  *  *  Today, we released our October Monetary Policy Report.