Extent and Efficacy of Monetary Sterilisation in the SEACEN Countries

Vincent Lim

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

Abstract: This study looks into the impact of capital flows that have been prevalent in some SEACEN countries prior to the recent financial crisis and examines the effectiveness of monetary sterilisation. Empirical findings suggest that monetary sterilisation is the most important policy response in Indonesia, Malaysia, the Philippines and Thailand. Evidence also indicates that open market operations (OMO) as a form of monetary sterilisation has limits and while capital controls may be effective in certain circumstances, such an option should only be temporary and implemented as a last resort.

Date: 1999
ISBN: 983-9478-08-7
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.seacen.org/publications/RePEc/702001-100204-PDF.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sea:rstudy:rp40

Access Statistics for this book

More books in Research Studies from South East Asian Central Banks (SEACEN) Research and Training Centre Contact information at EDIRC.
Bibliographic data for series maintained by Azharin ().