(OCC35) Comprehensive Early Warning System and the Experience of the Canada Deposit Insurance Corporation (CDIC) by David Walker
This paper primarily focuses on the Canada Deposit Insurance Corporation approaches to assess risk exposure through early warning system (EWS) for its individual member financial institutions drawing on the experience of having to handle the failure of 43 member institutions during the past three decades.
(OCC34) Open Market Operations & Effectiveness of Monetary Policy by Dr. Pichit Patrawimolpon
The paper attempts to explore and compare a number of key developments in monetary management in selected advanced economies with Thailand. It starts off with (i) a simple model of central banking followed by (ii) a brief history of developments in monetary policy implementation both in terms of market structural changes and central banks reactions…
(OCC33) Setting Monetary Policy in East Asia: Goals Developments and Institutions by Robert N McCauley
This paper presents a comprehensive and analytical review of monetary policy-making in the East Asian economies since the 1997 financial crisis. Focusing on the three key issues of objectives instruments and institutional developments it surveys the recent choice of monetary policy objectives in East Asia. The paper observes that while most central banks in East…
(OCC32) Transitioning from Blanket to Limited Deposit Guarantees: Thailand Policy Considerations by David Walker and Pongsak Hoontrakul
In the context of Thailands unique banking system structure – highly concentrated in both banks and large depositors – the paper proposes an innovative two-tier hybrid DIS model. A publicly administered compulsory system would provide protection for low coverage level bank deposits similar to the approach adopted by Federal Deposit Insurance Corporation (FDIC) and Canada…
(OCC31) Institutional Allocation of Bank Regulations: A Review by Joo A.C. Santos
This paper builds on the materials prepared for the SEACEN Seminar on National Institutional Arrangements in Banking Supervision held in Taipei during 29-31 March 2000. It surveys the arrangements adopted by various countries to regulate banks and discusses the potential conflicts that may arise between concerned authorities in connection with different allocation of regulations. The…
(OCC30) An Assessment of the Causes of Financial Instability and Possible Policy Solutions by Geof Mortlock
This paper provides an excellent summary of the main issues relating to financial stability and offers some suggestions on the policies that can be adopted to reduce the potential for systemic instability. It explains why financial stability is important to the economy and why governments need to attach high priority to the promotion of financial…
(OCC46) Living With Volatilities: Managing Exchange Rate and Capital Flows in The SEACEN Economies by Bank of Thailand prepared by Chaipat Poonpatpibul and Don Nakornthab
This Occasional Paper was prepared by Bank of Thailand as a background paper to facilitate discussions among the SEACEN Governors at the 42nd SEACEN Governors Conference held on 27-29 July 2007 in Bangkok Thailand. The objective of the paper is to highlight the current global economic and financial environment and their risks and to review…
(OCC47) Financial Deepening to Support Monetary Stability and Sustainable Economic Growth by Bank Indonesia
This Occasional Paper prepared by Bank Indonesia served as a background paper to facilitate discussions on Financial Deepening to Support Monetary Stability and Sustainable Growth among the SEACEN Governors at the 43nd SEACEN Governors Conference held on 21 March 2008 in Jakarta Indonesia. The Paper delve into stages of financial deepening in SEACEN economies for…
(OCC48) Global Shocks and Economic Stability in Asia and The Pacific by Mr Gudmundsson and Philip D. Wooldridge
Global shocks challenged the stability of Asia-Pacific economies in 2008 and will most likely remain a source of strain in 2009. Authorities in many countries took a range of actions to secure financial stability and limit downside risks to the near-term economic outlook. Attention was also given to reforms that might make financial systems more…
(OCC 50) Inflation Targeting under Imperfect Credibility Based on the Aggregate Rational Inflation-Targeting Model for Bank Indonesia (ARIMBI): Lessons from the Indonesian Experience by Harmanta M. Barik Bathaluddin and Jati Waluyo
Credibility is one of the central issues in conducting monetary policy. It is necessary in order to anchor the economic agents expectation on the central banks inflation target. A central bank which is capable of managing the publics expectation of inflation in a proper manner would able to implement monetary policy more effectively and efficiently….