(OCC01) The Dynamics of Money and Prices and the Role of Monetary Policy in the SEACEN Countries by Mohsin S. Khan
Some features of standard money demand models are discussed in this paper with a view to applying these specifically to the case of SEACEN countries. The focus of the exercise is essentially to derive the dynamic path that the authorities adopt for the growth in the supply of money in order to achieve a hypothetical…
(OCC17) Adopting Currency Convertibility: Experiences and Monetary Policy Considerations for Advanced Developing Countries by Peter J. Quirk
This paper was presented at the SEACEN Seminar on Foreign Exchange Liberalization Experiences in the SEACEN Countries held in Seoul and hosted by the Bank of Korea from May 30 – June 1 1994. It analyses the elements towards an appropriate foreign exchange regime which stimulates in the global interest a most efficient use of…
(OCC16) Intervention Techniques Under a Deregulated Financial Environment by Peter Nicholl
This luncheon address was delivered by the Honourable Peter W.E. Nicholl Deputy Governor of the Reserve Bank of New Zealand during the Annual SEACEN Meeting of Directors of Research and Training for the Operating Year 1993/1994 which was organised by The SEACEN Centre in collaboration with the Reserve Bank of Fiji at Nadi Fiji from…
(OCC15) The Recent Surge in Capital Inflows to Three ASEAN Countries: Causes and Macroeconomic Impact by Kenneth B. Bercuson and Linda M. Koenig
This paper was presented at the SEACEN-IMF Seminar on Issues Related to the Recent Surge in Capital Inflows to the SEACEN Countries held in Seoul and hosted by the Bank of Korea from 14 – 16 May 1993. It analyses the causes and economic effects of and the policy responses to surges in capital inflows…
(OCC14) Supervision of Off-Balance Sheet Activities in the U.S. by William E. Albrecht
This paper was presented by Mr. Albrecht at the Seminar on Bank Regulation of Off-Balance Sheet Activities in the SEACEN Countries mounted by The SEACEN Centre in Kathmandu Nepal from 8 – 10 February 1993. It reviews the off-balance sheet activities in the U.S. including their accounting treatments and control as well as conformity with…
(OCC13) Recent Issues in Exchange Rate Policy in Developing Countries by Wanda S. Tseng
This paper reviews some of the main issues revolving around the recent debate about exchange rate policy centering on relationships among exchange rate flexibility competitiveness and financial discipline. The paper also looks at the implications of the debate for the formulation of exchange rate policy in the SEACEN countries.
(OCC12) Market-Base Systems of Monetary Control in Developing Countries: Operating Procedures and Related Issues by Chorng-Huey Wong
This paper reviews issues in the development of a market-based system of monetary control in the context of financial reform in developing countries. It discusses the appropriate sequencing of financial reform measures that would facilitate the transition toward a market-based system. The paper also assesses the effects of financial reform on the demand for money…
(OCC11) How Secondary Capital Market Work in the United States by Eli M. Remolona and James Chow
This paper provides an introduction to U.S. secondary capital markets that may guide countries to enhance emerging markets of their own. The focus is specifically on four issues namely: trading in U.S. capital market; major clearing and settlement systems for U.S. government securities and corporate bonds and stocks; the information role of secondary markets; and…
(OCC10) Monetary and Financial Reforms: Implications for Adjustment and Growth by Kunio Saito
This article focuses on four issues namely: monetary policy; financial liberalization; the experiences with financial liberalization; and the role of monetary policy and financial reforms in adjustment and growth.
(OCC09) The Debt Problem – Some Issues and Evidence by Anoop Singh
This paper reviews the historical perspective of the origins of the debt crisis as well as evaluates the current status of the debt strategy and the prospect for its future evolution.