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Efficacy of Monetary Transmission Mechanism: Experiences in the SEACEN Countries


  • Dr. Ouk-Heon Song


The main objective of the project is to analyse and assess the efficacy of the monetary transmission mechanism (MTM) in the SEACEN countries, in the light of financial liberalisation, globalisation and changing monetary and exchange rate regime in some SEACEN countries. It covers MTM and related issues such as recent changes in the objectives and targeting regime of monetary policy, empirical evidence of impact of monetary policy on prices and economic activities, recent changes in the exchange rate regime and capital mobility, and effectiveness of the various MTM based on the latest empirical findings of the respective countries.

Suggested Citation

  • Dr. Ouk-Heon Song, 2003. "Efficacy of Monetary Transmission Mechanism: Experiences in the SEACEN Countries," Research Studies, South East Asian Central Banks (SEACEN) Research and Training Centre, number rp51, April.
  • Handle: RePEc:sea:rstudy:rp51

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