This study examines critically the nature and extent of open market operations (OMO) in the SEACEN countries and suggest policy measures which can contribute to their further development. It also investigates the prerequisites and conditions for effective implementation of OMO in this region.

Notwithstanding several shortcomings of CPI, in the SEACEN region as in elsewhere, for pragmatic purpose, the CPI despite its many flaws is universally accepted as a policy target for monetary policy. This is justified if we examine the construction of the consumer price index itself. Even...

The present economic environment requires central banks to adapt in order to perform their roles properly. With globalisation, they must be able anticipate threats to financial and economic stability. The required competencies of central banks are vastly different from those a decade ago,...

This study is divided into three chapters. The first chapter is a brief survey of the financial facilities for rural development in the SEACEN countries. The second chapter looks into the financing strategies employed in rural development in the region and probe into the reasons behind the...

This collaborative project, which is participated by 8 SEACEN member banks, aimed to examine exchange rate volatility faced by the member countries and to study its impact on the domestic economy with emphasis on adjustments of the corporate and financial sector. The project also investigated...

A collaborative research effort of member central banks and The SEACEN Centre, this study examines the patterns of balance of payments adjustments to exogenous shocks in the SEACEN countries. It identifies, explains and determines the magnitude of the exogenous factors that account for changes...

The study discusses the rationale and objectives of deregulation, the methods and areas of deregulation, the conditions and circumstances of deregulation, and some of the issues associ- ated with deregulation and its implications.

Effective monetary policy management requires a competent surveillance system capable of analysing the macroeconomic developments, making more accurate projections, and proposing appropriate policy measures. However, the development of macroeconomic surveillance systems for monetary policy...

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...

The SEACEN economies have liberalised their external accounts and domestic financial markets. The current account is fully convertible in all the countries in the SEACEN region while the capital account is by and large fully convertible in the majority of these countries. Since early 1990s, net...