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Financial Reforms and Transmission Mechanism of Monetary Policy in The SEACEN Countries

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  • Mulyana Soekarni

Abstract

This study examines the information content of traditional monetary tools in revealing future movements of output and prices, based on information and data obtained from the member central banks as well as in-house database and using the Vector Auto Regression (VAR) approach. It is found that even if these tools could no longer serve individually as a single policy indicator, they remain useful at least as leading indicators in the formulation of monetary policy.

Suggested Citation

  • Mulyana Soekarni, 1995. "Financial Reforms and Transmission Mechanism of Monetary Policy in The SEACEN Countries," Research Studies, South East Asian Central Banks (SEACEN) Research and Training Centre, number rp30.
    • Handle: RePEc:sea:rstudy:rp30
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    File URL: https://www.seacen.org/publications/RePEc/702001-100214-PDF.pdf
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    Cited by:

    1. Umezaki, So, 2006. "Monetary and Exchange Rate Policy in Malaysia before the Asian Crisis," IDE Discussion Papers 79, Institute of Developing Economies, Japan External Trade Organization(JETRO).

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