The aim of this study was to throw light on the relationship between the Exchange Rate and Macro Economic Performance in South Asian Region (Afghanistan, Bangladesh, Bhutan, India and Sri Lanka). The results indicated that there was causal relationship (unidirectional) between Exchange Rate and...

Myanmar's macroeconomic policy framework does not adequately support the new functions of the Central Bank of Myanmar. The monetary policy regime is deficient and institutions that complement the working of a market-based economy lacking. This paper identifies 10 priority areas for reform to...

Despite major recent advance in the literature on financial crises, the key role of central banks in the dynamics of financial crises are still not well understood. Our aim is to contribute to a better understanding of the dynamics of financial crises by explicitly modeling the strategic options...