SEACEN’s Optimal Membership Size

Eufrocinio Bernabe and Dongkoo Chang

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

Abstract: The paper discusses the determination of SEACEN’s optimal membership size. The theoretical basis is derived mainly from Buchanan’s Economic Theory of Clubs. The operational framework used is an optimization model that maximizes member’s benefits and cost associated with SEACEN membership. The paper defines each member’s benefit in terms of its ability to engage other member central banks as well as opportunities for enhancing manpower competencies through participation in various SEACEN activities. The member’s cost is defined by its share on the average annual operating cost. SEACEN’s output is expressed in terms of activities available to members such as training programs, research activities as well as meetings.

Date: 2013
ISBN: 978-983-9478-28-0
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