The paper surveys the relevant literature on why financial systems come about and the channels through which they influence real economic growth. Considering the relative frequency of financial crises among countries that liberalised their economies, the paper also examines the major factors...

The most encouraging development in 1984 for developing countries in general and for the SEACEN region in particular is the improvement in the trade balance and the reduction in the current account deficit. This paper examines the various aspects relating to export performance of the SEACEN...

This paper provides some background information on the nature, role, management and policy of international capital inflows in the SEACEN countries, as well as the relevant emerging issues.

This study aims to evaluate the extent of asset price inflation and assess its implications for goods price and financial stability; examine if the asset price cycle has fuelled, or itself been fuelled by, an accompanying cycle in bank credit expansion; and draw inferences on appropriate...

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.

This paper, delivered before the Japan Solidarity Committee for Asian Alumni (JASCAA) 1987 Fellowship Seminar, charts out some opportunities for trade cooperation in ASEAN to the year 2000 against an economic backdrop of worldwide balkanization of the international market place under the...

This study attempts to review the recent developments in the globalization of financial markets in the context of financial liberalization and financial innovations and to examine the impact of the globalization of such markets on the SEACEN countries.

This paper describes the measures which have been carried out by the Indonesian Government to mobilize domestic savings, and identifies the key variables explaining the behaviour of private savings in Indonesia.

The main objective of the project is to identify major causes and leading indicators of banking crises based on the recent studies on banking crises in the emerging economies. It also aims to assess the effectiveness of the methods used, identify the critical issues involved, and examine the...

This paper provides some background on the nature, objectives, techniques and strategies of foreign exchange portfolio management as well as the relevant emerging issues.