This study gives a preliminary assessment of the macroeconomic impact of implementing Basel III in Malaysia. This is also an attempt to contribute to the increasing studies for emerging economies, especially focusing on SEACEN members. The Basel III standards seek to significantly increase the...

The US Federal Deposit Insurance Corporation – Office of theInspector General Report (2013) and the UK’s Turner Report (2009) provide insights on the multiple contributing factors to bank failures that resulted in the unprecedented global contraction. Both reports mentioned that bank...

The paper discusses the determination of SEACEN’s optimal membership size. The theoretical basis is derived mainly from Buchanan’s Economic Theory of Clubs. The operational framework used is an optimization model that maximizes member’s benefits and cost associated with SEACEN membership....

The paper discusses a possible policy strategy towards achieving an investment grade status for emerging economies. Through the use of an econometric model, it determines which among the macroeconomic variables considered by Credit Rating Agencies (CRAs) impacts speculative and investment grade...

With revolutionary changes of the financial environment, due in particular to the progress of information and communication technology and the aftermath of the global financial crisis, central banks are facing new challenges in the pursuit of price, financial and exchange rate stability. This...

The sources and the propagation of the financial crisis have proven the need for macro prudential policies to address systemic risk, as well as take into account the interplay between the financial system and the real economy. One important operational tool to characterise systemic risk is to...