The scope of this study is confined to the rationale and objectives of establishing NBFIs, the intermediary role of NBFIs, the various factors affecting monetary management, and some of the issues and problems associated with the growth of these NBFIs.

This study is divided into two parts. Part I covers the regional analysis of taxation of financial assets in SEACEN countries. It describes an overview of the tax system in the SEACEN countries and the impact of taxation of financial assets on savings. Part II consists of country chapters...

Up until the first half of 1980s, policy-makers in several countries, including those in the SEACEN region, were reluctant to reduce budget deficit for fear of adversely affecting economic growth through the Keynesian multiplier effect. As a result, high and rising budget deficit was prevalent...

The main objective of the project is to analyse and assess the efficacy of the monetary transmission mechanism (MTM) in the SEACEN countries, in the light of financial liberalisation, globalisation and changing monetary and exchange rate regime in some SEACEN countries. It covers MTM and related...

The main objectives of this study are to review and analyse the present status of, as well as the recent developments in, domestic and cross-border payments in the SEACEN member countries; and to recommend the measures or roles that the central bank should undertake to ensure the safety and...

This study examined policy approaches to payment systems efficiency in the SEACEN countries. Two major findings were as follows. First, cash remained a dominant payment method in a majority of SEACEN countries. A declining trend, however, was found in three countries ¨C Korea, Singapore and...

This paper draws on COIC's experience with deposit-taking institutions during the 1980s and 1990s and presents a number of early warning indicators of financial distress. Early warning indicators do not eliminate bank failures. However, they should lead to early intervention and consequently...

This collaborative project aims to present and compare the latest developments and policies concerning small and medium scale enterprises (SMEs) in SEACEN member economies. In doing so, the focus is placed on central banks¡¯ initiatives and involvement in national policy to promote SME. The...

This collaborative research project aims to review the existing monitoring procedures and reporting practices on external debt in the SEACEN countries, with a view to improving data collection systems in these countries. It also identifies useful indicators for analysis of external debt position...

This paper investigates the macroeconomic factors in predicting the currency crises in a sample of 7 SEACEN countries using the logit econometric models. The empirical results indicate that the variables that may help predict the timing of the currency crises include real US interest rate, ratio...