This study examines critically the current problems and issues affecting the development of capital markets in the region. It also identifies those factors which are crucial for the orderly development of a well-functioning capital market in a country.

This is a background note on the changing patterns and composition of external trade in the SEACEN countries. Section I of this paper examines the changing composition of both exports and imports since 1970. Section II analyses the changing direction of trade, while Section III reviews the...

The paper covers the evolving concept of ECRI schemes; their institutional structure and organizational framework; and, the problems, issues and implications related to the schemes with special reference to developing countries.

A cursory survey on the nature and structure of the informal financial sector (IFS) in the SEACEN countries is provided in this paper. Section I gives an idea on the size and magnitude of IFS in the SEACEN countries. The types of credit supplied by the IFS are also examined. Section II is an...

This paper aims to study the reaction of the SEACEN countries to external shocks during the period 1970-1984. It examines the rationales underlying the choice of various policy options adopted by the SEACEN countries. In effect, the study revolves around the basic question of whether a further...

This study traces the historical evolution of exchange rate regimes of the SEACEN countries for the period 1970-1984, and also attempts to explain the main rationales for the adoption of the existing systems by the SEACEN countries themselves.

An attempt is made to assess and analyse the development and growth of foreign exchange markets in the SEACEN region, in addition to providing an overview of the structure and characteristics of exchange markets in the region. The paper discusses some basic conditions for active exchange...