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Second, there is no reason a regional institution could not coordinate its actions with the IMF.
CNN: This monetary body would limit Crisis spillover effects
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While the argument may justify the IMF's existence, does it justify the establishment of a regional institution?
CNN: This monetary body would limit Crisis spillover effects
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At the same time, all these problems can be alleviated if we are a much stronger regional institution.
CNN: ASIANOW - Asiaweek
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In the larger body, members from around the world may not view a problem in a single region as seriously as a regional institution, which would likely be more receptive, and hence better geared toward early action.
CNN: This monetary body would limit Crisis spillover effects
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Our goal is to support and strengthen ASEAN as an institution so that it can more effectively promote regional stability, political and economic progress, and human rights and the rule of law.
WHITEHOUSE: The White House
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Squires, meanwhile, has been approached by a financial services company that wanted MOVbands for its 100 employees, and is in talks with a regional CocaCola distributor and the head of wellness at a health care institution.
FORBES: Fighting Obesity In Kids With A Cool, Affordable Gadget
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Thus the possibility of regional spillover effects is the most important justification for setting up an AMF or similar institution.
CNN: This monetary body would limit Crisis spillover effects