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 issue has four excellent articles - Dr. William (“Bill”) M. Isaac, former Chairman of the U.S. Federal Deposit Insurance Corporation, and now a top global banking industry consultant, has submitted a thought-provoking article on lessons learned from the 2008 banking crisis in the U.S....

The three articles selected for inclusion in the Journal’s first edition by the Journal’s Editorial Board reflect the broad range of issues that relate to financial stability. Dr. Zeti Akhtar Aziz, Governor of Bank Negara Malaysia, has contributed a thought-provoking article on the...

The main objective of this high-level Conference was to bring together senior staff of SEACEN member central banks to discuss the future role of the central bank in supporting adjustments in the growth strategy for Asia in response to lessons from the GFC. The discussions were fruitful and the...

The payment and settlement systems play a core intermediating function and operate as the “plumbing system” for financial markets to help ensure swift, safe and seamless flow of funds from one payment participant to another. Smooth and certain settlement of payments would reduce risks,...