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...

This paper reviews and assesses the latest literature on measures to enhance currency stability among Asian countries. It is noted that while the recent regional self help measures on both the financing and consultative fronts have provided the needed safety net, especially for contagion and...

This collaborative research project aims to measure the level of riska in the banking system using available supervisory information with the view to determine whether the existing levels of capital is commensurate to the level of risks implied by them. This supervisory information includes data...

This collaborative project aims to review the existing compiling practices and management of non-debt creating flows namely foreign direct investment (FDI) and foreign portfolio investment (FPI) with a view to improving the monitoring system of the SEACEN member countries. It also aims to...

This volume aims to analyse the Asian economic interdependence on the basis of intra-regional trade and investment flows. It also attempts to present some empirical evidences on the effects of growing regional economic interdependence on economic growth. While various trade intensity measures...

The study provides a review of the twin liberalisation programmes in the SEACEN countries, with emphasis on the sequencing and pacing of reforms in the domestic financial sector and the capital account. It also analyses the macroeconomic developments in the SEACEN countries during 1990 to 1995...

This study attempts to identify the consequences of government budgetary deficits on money supply and output within the framework of distributed lags and Granger causality. The paper focuses on such SEACEN Countries as Korea, Malaysia, the Philippines, Singapore, Sri Lanka and Thailand for the...

The objective of this project is to review methodologies of computing the potential output gaps; to survey of international best practice with respect to the estimation and utilisation of potential output and output gap measures; and to identify weaknesses and strengths of the respective...

This study examines the short- and long-term demand for money in the SEACEN countries to determine whether it is still stable and predictable following the external shocks and the process of financial liberalization. The paper attempts to provide a broad overview of financial reforms taking...