Domestic Resource Mobilisation in the SEACEN Countries

Y.M.W.B. Weerasekera

in Research Studies from South East Asian Central Banks (SEACEN) Research and Training Centre

Abstract: This study attempts to answer the following questions with regard to member SEACEN countries: "what is the level of savings?", "what determines savings?", and "what can be done to increase savings?". These questions are asked in the light of the fact that growing debt burdens, rising public sector spending and the limitations of foreign direct investment have refocused initiatives on new strategies in tapping domestic resources in the SEACEN countries. The study focuses on the nature and the pattern of savings mobilisation and the role of the financial system and financial reforms in mobilising domestic savings. The findings confirmed the positive relation between savings and the level of financial intermediation and development. This study is a collaborative project between the member central banks and the monetary authorities and The SEACEN Centre.

Date: 1993
ISBN: 983-9553-76-3
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Persistent link: https://EconPapers.repec.org/RePEc:sea:rstudy:rp23

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