Financial Disintermediation and Monetary Policy
This paper investigates the extent of financial disintermediation in the SEACEN countries and examines the policy implications of disintermediation for monetary management. It looks into the salient features of direct financing aspects in the financial markets of the SEACEN countries and surveys the problems and issues associated with mobilising funds for direct financing. It also examines conditions necessary for the introduction of new financial instruments and the impact of disintermediation on monetary management.
|This book is provided by South East Asian Central Banks (SEACEN) Research and Training Centre in its series Research Studies with number rp35 and published in 1997.|
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