New SEACEN Working Paper
A new SEACEN Working Paper by @Özer Karagedikli and @Ole Rummel titled “Weighing up the Credit-to-GDP gap: A cautionary note” is now available. The authors take a look at the weights attached to the trend estimates in the way the BIS calculates the credit-to-GDP trends/gaps, which are then used in the countercyclical capital buffer calculations…
New Publication Update
Aziz Durrani, Senior Financial Sector Specialist, and Masyitah Rosmin, Research Associate at the SEACEN Centre have co-authored a paper with Dr. Ulrich Volz on the role of central banks in scaling up sustainable finance in the Asia-Pacific region. The paper has been published in the Journal of Sustainable Finance & Investment. It highlights the findings from…
New Publication Update
Rogelio Mercado, Senior Economist at the SEACEN Centre, has published a paper entitled: “Are Capital Inflows Expansionary or Contractionary in the Philippines” at the Journal of Asian Economics. A working paper version was released as SEACEN WP27/2017. Click to read more. The paper shows the following:• Both bonds and non-bond capital inflows are expansionary to output and…
Call for Papers for 7th Policy Summit
The SEACEN Centre is pleased to announce a call for papers for its 7th Policy Summit on “Challenges and Options in Managing Capital Flows “. This year’s Policy Summit will take place on 18 and 19 June 2020 in Kuala Lumpur, Malaysia. More details, such as relevant topics and the associated deadlines, can be found below:
VIDEO: Interview with BOT Governor
The relevance of capital flows to emerging markets is a topic of importance for SEACEN member banks, notably small open economies like Thailand. An excellent interview on Bloomberg with Bank of Thailand Governor Veerathai Santiprabhob is available on YouTube. https://www.youtube.com/embed/dk2w5ogJEPA
New SEACEN Podcast Episode!
“BigTech” in the Financial Sector: More Choice for the Consumer, More Challenges for the Regulator? It’s a brand new season of the SEACEN Podcast! In this first episode, SEACEN financial sector supervision experts Mark McKenzie and Glenn Tasky talk with prolific writer and educator Professor Douglas Arner, Kerry Holdings Professor in Law and Co-Founder, Asian…
New Publication Update
A sole-authored research paper by Victor Pontines, Senior Economist at the SEACEN Centre, has been accepted for publication at the Journal of The Japanese and International Economies published by Elsevier, entitled “A Provincial View of Consumption Risk Sharing in Korea: Asset Classes as Shock Absorbers”. Adopting spatial panel methods, this study found in the main…
New Publication Update
Rogelio Mercado, Senior Economist at the SEACEN Centre, has published a co-authored paper entitled: “The Currency Composition of International Portfolio Assets” at the Journal of International Money and Finance. A working paper version was released as SEACEN WP1/2019. Read more. The paper shows the following:• Currency bias towards holdings of US dollar and Euro denominated portfolio…
New Working Paper
A new SEACEN working paper, by Victor Pontines, adds to a recent and growing literature that assesses the effects of macroprudential policy. The effects of LTV ratio shocks in Korea were identified using sign-restricted structural VARs and rely on a recent approach within this method to conduct structural inference. The findings show that LTV ratio…
New Publication Update
Low wage growth since the global financial crisis (GFC) has been puzzling a number of central banks. Our senior economist Ozer Karagedikli and his co-authors find a compelling explanation, by using New Zealand data, for low wage inflation since the GFC is the relatively low number of people switching jobs. Job switching offers a more…