This book is concerned with the structure of financial institutions, and the modus operandi of monetary policy in six countries in Southeast Asia, namely, Hong Kong, Indonesia, Malaysia, the Philippines, Singapore and Thailand. The purpose of this introductory chapter is to provide a brief explanation of the nature, objective and scope of the study.


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Notes and References

  1. 1.
    R. F. Emery, The Financial Institutions of Southeast Asia (New York: Praeger, 1970).Google Scholar
  2. Another earlier work is S. G. Davies (ed.), Central Banking in South and East Asia (Hong Kong University Press, 1960). Dealing with central banking in the 1950s in a very sketchy manner, the book is much less useful than Emery’s.Google Scholar
  3. 2.
    H. G. Grubel and T. Morgan (eds), Exchange Rate Policy in Southeast Asia (Lexington: Lexington Books, 1973).Google Scholar
  4. 3.
    S. Y. Lee, The Monetary and Banking Development of Malaysia and Singapore (Singapore University Press, 1974);Google Scholar
  5. Y. C. Jao, Banking and Currency in Hong Kong: A Study of Postwar Financial Development, (London: Macmillan, 1974).CrossRefGoogle Scholar
  6. 4.
    E. S. Shaw, Financial Deepening in Economic Development (New York: Oxford University Press, 1973);Google Scholar
  7. R. I. McKinnon, Money and Capital in Economic Development (Washington: Brookings Institution, 1973).Google Scholar
  8. 5.
    R.I. McKinnon (ed.), Money and Finance in Economic Growth and Development (New York: Marcel Dekker, 1976); Symposium on Finance in Developing Countries, Journal of Development Studies, January 1977, pp. 1–143.Google Scholar
  9. 8.
    G. Ranis, ‘Economic Development and Financial Institutions’, in B. Balassa and R. Nelson (eds), Economic Progress, Private Values, and Public Policy (Amsterdam: North-Holland, 1977), pp. 27–56.Google Scholar
  10. 9.
    The World Bank, World Development Report 1979 (Washington, 1979), pp. 126–129.CrossRefGoogle Scholar

Copyright information

© S.Y. Lee and Y.C. Jao 1982

Authors and Affiliations

  • S. Y. Lee
    • 1
  • Y. C. Jao
    • 2
  1. 1.National University of SingaporeSingapore
  2. 2.University of Hong KongChina

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