This volume consists of three sections. The first section is on central banking which gives the pertinent provision governing this area: it includes among others, the functions, powers, reserve requirements, credit and loan policies of the eight central banks and monetary authorities. The second...

This study analyses the strength and weaknesses of the economic and financial sectors of the ASEAN countries, and identifies possible prospects for greater linkages and cooperation among the ASEAN countries

This paper looks into the problems and issues related to adjustment to external shocks in the SEACEN countries from 1973-1984. It focuses its attention on the 1973 oil crisis and the Iranian revolution which disrupted the world oil supply and consequently ushered in another oil price increase.

This paper analyzes the effects of the trade and financial networks on the propagation of the global financial crisis of 2008. We adopt a new methodology that incorporates a dynamic network approach into econometric analysis. Some interesting results are obtained. Firstly, both the trade and...

Financial Market Infrastructures (FMIs) play a critical role in the financial system and the broader economy by facilitating the clearing, settlement and recording of monetary and other financial transactions and thereby maintaining and promoting financial stability and economic growth. However,...

There is a growing concern over the rapid increase in mortgage loans and consumer credit of households in SEACEN economies in recent years. Rising household credit has important implications for the economy. Periods of excessive credit growth has often been linked with episodes of financial and...

Countercyclical capital buffer (CCCB) has been incorporated in the Basel III framework with the aim of ensuring that banking sector capital requirements take account of the macro-financial environment in which banks operate. It is likely to address pro-cyclicality in the banking business and its...