The distress following the failure of Lehman Brothers would have been an obvious occasion. Yet, revealingly, the Bank of Korea, the central bank hit hardest, negotiated a $30 billion foreign-currency swap with the United States Federal Reserve, not with its ASEAN+3 partners.
然而，迄今为止，CMI是有马无鞍——在其框架下承诺的信贷和货币互换还从来没有投入过实际应用。雷曼兄弟破产之后的动荡期原本是激活这些机制的好时机。然而，该地区受冲击最严重的央行——韩国银行宁可跟美联储搞300亿美元的外汇互换，也不愿向“东盟+3”伙伴们求援，这很能说明一些问题。