SEACEN Podcast S6 Episode 3 with Jayzle Ravelo, Bangko Sentral ng Pilipinas
This episode of the Podcast explores the origins and development of the SEACEN Leadership Competency Framework under the expert guidance of Jayzle Ravelo, Managing Director, Human Resource and Organization Development, Bangko Sentral ng Pilipinas (the Central Bank of the Philippines).She discusses profoundly the reason why it was developed, and what it hopes to accomplish for our Member Central Banks. Jayzle and the technical working group worked closely for 5 years. Their work has deeply expanded the leadership paradigm beyond the traditional risk-centric view of central banks to embrace agility, innovation, and collaboration -- teamwork rather than hierarchy, adaptability alongside stability—critical amidst rapid global shifts. In this interview with SEACEN Director of Leadership, Governance and Human Capital Kate Sweetman, Jayzle, reflects on leadership in general, and leadership in central banks in our region.
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SEACEN Podcast S6 Episode 4: Capital Flows Monitor – Asia’s Resident Capital Flows
In the latest episode of our podcast titled “Capital Flows Monitor – Asia’s Resident Capital Flows”, the SEACEN Centre’s Ole Rummel and Rogelio Mercado discusses the findings of the SEACEN Capital Flows Monitor 2025. Ole opened the discussion by sharing the key takeaways on the recent trends, patterns and drivers of capital flows and international investment position in the region. The main findings are: (i) Asian economies, as a group, witnessed a recovery in cross-border resident and non-resident capital flows in the first half of 2024; (ii) the region remained a net capital exporter as of mid-2024; (iii) economic growth in Asia remained robust in the first three quarters of 2024, although growth slightly slowed in the third quarter; and (iv) financial conditions generally improved in 2024, albeit regional currencies remained weak. Rogelio discussed the motivation for considering Asia’s resident capital flows for the issue’s analytical section. He explained that the region’s resident capital flows or gross outflows witnessed marked shifts in terms of volume, composition, sectoral driver, and sources. He mentioned the importance of differentiating and understanding capital flights and retrenchments which are extreme episodes of resident capital flows.
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Monetary Policy, Financial Stability, and Independence: Central Bank Mandates Unplugged
In our new podcast titled “Monetary Policy, Financial Stability, and Independence: Central Bank Mandates Unplugged”, a distinguished panel comprising Ole Rummel, Sir Paul Tucker, Meltem Chadwick, Mark McKenzie, Ayse Sungur, and Chander Rawaswamy examines the evolving role of central banks in addressing complex global challenges.
Ole Rummel opens the discussion by exploring the theoretical foundations of assigning new responsibilities to central banks, referencing key frameworks such as the Tinbergen Rule and Poole’s Principle of Comparative Efficiency. His analysis highlights the growing tension between traditional mandates—price and financial stability—and emerging objectives like climate change and income inequality.
Sir Paul Tucker provides a critical perspective on the risks of delegating politically sensitive issues to unelected central banks, emphasizing the importance of maintaining legitimacy and focus. Meltem Chadwick analyses the intersection of climate risks and monetary policy, while Mark McKenzie discusses the role of financial innovation in fostering sustainable development in emerging economies.
Ayse Sungur and Srichander Rawaswamy round out the conversation with a comprehensive examination of Central Bank Digital Currencies (CBDCs), addressing their implications for financial stability, monetary sovereignty, and trust in the monetary system.
This in-depth discussion offers nuanced insights into the issues and challenges central banks face in navigating their expanding mandates.
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Season 6 Episode 1: The SEACEN Capital Flows Monitor - Reissue!
It's a new year and the SEACEN Podcast starts our latest season with a brand new episode. Dr. Ole Rummel speaks with Dr. Rogelio Mercado to discuss the re-issued SEACEN Capital Flows Monitor, which is now available in the SEACEN website.
They discussed the impact of high U.S. and domestic policy rates
on capital flows to Asia, as well as the latest trends and patterns of the region's capital flows and external positions.
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Season 5 Episode 2: The Collapse of Silicon Valley Bank - [Developing Story]
Ole and Mark are back, this time discussing the biggest news of the past few days: the collapse of Silicon Valley Bank, a major financier for venture capitalists, tech start-ups and other Silicon Valley outfits, the federal government's response, and possible early lessons, if any, for SEACEN's stakeholders.
Disclaimer:The views, thoughts, and opinions expressed are the speakers' own and do not represent the views, thoughts, and opinions of The SEACEN Centre.
The SEACEN Centre aims To be the Regional Research and Learning Hub for Central Banks in the Asia-Pacific Region.
Questions? Comments? Send them to [email protected]
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