(SP48) Macroeconomic Simulation of the Impact of the EC Single Market on Korean Economy: A VAR Approach by Bambang Sindhu Wahyudi
This paper aims to study the likely impacts of the European economic integration on Korean income and exports to the Community after 1992. Unlike other studies in this field this study tries to employ the Vector Autoregression (VAR) technique in analyzing the impacts
(SP47) Interest Investment and Saving: A Causality Analysis by Jung-Gun Oh
This paper aims at reviewing briefly the outline of the saving-investment controversy between the Neoclassical and Keyness economics whereby empirical tests conducive to the settlement of the controversy were performed using the causality test and Vector Autoregressive analysis. The test results suggest some important implications on the practise of monetary policy. This paper was originally…
(SP46) Inflation in Sri Lanka: A Causality Analysis by Y.M.W.B. Weerasekera
This study examines the causes of inflation in Sri Lanka during the post-liberalization period using a three-variable Vector Autoregression (VAR) model. Quarterly time series data on inflation money supply growth and exchange rate changes during the period 1978-1992 were used in the analysis. The data series have been tested for their stationarity with the use…
(SP45) Central Banking Training at The SEACEN Centre by Vicente B. Valdepeas Jr.
This is a paper delivered at the IMF-UNDP Seminar on Training of Government Officials in Techniques of Macroeconomic Management in Transition Economics: A Review of Experience and Future Needs held in July 1992 Washington D.C. The paper outlines the development of central banking training activities at The SEACEN Centre from the period 1972 to 1992.
(SP44) Tax Treatment of Financial Instruments in the SEACEN Countries by Jung-Gun Oh
This paper introduces the basic types of tax treatment of financial instruments and outlines the main features of tax treatment of financial instruments in the SEACEN countries. The results of empirical studies on the effects of taxation on savings and some policy implications are also presented.
(SP43) Globalization of Financial Markets: Its Impact on the SEACEN Countries by Than Ye
This study attempts to review the recent developments in the globalization of financial markets in the context of financial liberalization and financial innovations and to examine the impact of the globalization of such markets on the SEACEN countries.
(SP42) Nominal and Real Effective Exchange Rates for the SEACEN Countries by Y.M.W.B. Weerasekera
This paper explains the methodological and computational procedures adopted in the calculations of Nominal and Real Effective Exchange Rate (NEER and REER) for the SEACEN countries and presents a set of NEER and REER indices for the period 1984-1991 for all SEACEN countries.
(SP41) Exchange Rate Regimes in the SEACEN Countries by Y.M.W.B. Weerasekera
This paper examines some of the important guidelines such as the degree of openness extent of import and export diversification level of financial development and integration the domestic price stability and international competitiveness with regard to the experience of the SEACEN countries. It then provides some useful hints as to the effectiveness or the lack…
(SP13) Financial Innovation: Some Concepts and References to the SEACEN Countries by Gerardo S. Tison
This paper sheds some light on what constitutes an innovation in the financial sector. The conceptual aspects of the subject as developed by financial experts are presented. The paper also sets out some detailed and concrete aspects of financial innovations with special reference to developments in the SEACEN countries.
(SP40) The Development of Secondary Markets in Securities in the SEACEN Countries by Thanisorn Dejthamrong
This paper attempts to assess the development and growth of secondary markets in securities in the SEACEN region up until June 1990 including an overview of the structure and characteristics of secondary markets in securities. The paper also discusses the basic conditions for developing secondary markets in securities and the economic constraints encountered thereof.