This paper investigates the extent of financial disintermediation in the SEACEN countries and examines the policy implications of disintermediation for monetary management. It looks into the salient features of direct financing aspects in the financial markets of the SEACEN countries and surveys...

This study discusses the theory of deposit insurance and its practice in selected countries, namely, the Philippines and Sri Lanka among SEACEN member countries and the U.S., England, France and Germany among the non-members.

This publication is a collection of essays written by prominent economists on topics which were of interest to the late Mr. Byanti Kharmawan, who was an Executive Director of the International Monetary Fund from 1968 until his death in 1982.

This study analyses the implications of the single EEC market's trade-diverting and trade- creating affects on the SEACEN economies beyond 1992. A review of the plans of the Euro- pean Community in the integration of their respective national markets into a single market is also presented in...

The study relates the development of the financial structure of the eight SEACEN countries to their conduct of monetary policy. It views financial institutions and financial instruments as vital elements in the formulation and implementation of monetary policy.

This study attempts to assess quantitatively the impact of changes in reserve requirement on the money supply through the money multiplier model. It also discusses the various facets of reserve requirement for all the SEACEN countries.

E-money is still very much in its infancy stage in most SEACEN countries, in spite of the fact that it has gained more acceptance in Europe. Among the SEACEN member countries, 5 countries have started e-money schemes while 2 countries have products that are very similar to e-money. Although the...

Since the 1997 Asian financial crisis, some SEACEN countries have been unable to achieve pre-crisis levels of investments. Many reasons were cited by the literature and these include a shift in investors¡¯ perceptions, weaker exchange rates which make prices of imported investment goods more...

This study reviews the theoretical considerations for the various exchange rate regimes, how the choice of the regime affects the effectiveness of monetary and fiscal policies, and the underlying factors of exchange rate fluctuations both before and after the recent financial crisis. It also...

A large part of SEACEN economies is already de-facto integrated with respect to trade and foreign direct investment. However, trade is still very dependant on exports to countries outside the region, in particular the US. Compared to the European Union(EU), SEACEN's economic structure is far...