This study attempts to assess quantitatively the impact of changes in reserve requirement on the money supply through the money multiplier model. It also discusses the various facets of reserve requirement for all the SEACEN countries.

This study examines critically the nature and extent of open market operations (OMO) in the SEACEN countries and suggest policy measures which can contribute to their further development. It also investigates the prerequisites and conditions for effective implementation of OMO in this region.