Résumé - H. N. Thenuwara Ph. D.
Name : H. N. Thenuwara Date of Birth : January 22, 1959 Education : •
Ph. D in Economics, University of Iowa, USA, 1997 Thesis title – ‘Interactions between Growth Economies; Migration and Trade’
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M. A. in Econometrics, University of Manchester, UK, 1998
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M. Sc. in Applied Statistics, University of Colombo, Sri Lanka, 1994
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B. Sc. (First Class Honors) in Physics, Pure Mathematics, and Industrial Management, University of Kelaniya, Sri Lanka, 1980
Training : •
Political Economy, Graduate Course, University of Iowa, Winter 2009-10
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The Credit Crisis, Theoretical Perspectives and Policy Implications, Bank of Korea International Conference, Seoul, South Korea, June 2-3, 2009
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Modern Monetary Economics, International Monetary Fund, Washington D. C., 2007
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Monetary Policy in an Environment of Low Inflation, Bank of Korea International Conference, Seoul, South Korea, June 15-17, 2006
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Policy Discussion on ‘The Relation between Public Finance and Monetary Policy’, Management Development Center, Sri Lanka, 2004
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Financial Econometrics, International Monetary Fund, Washington D. C., 2003
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High Level Training in Central Banking, Management Development Center, Sri Lanka, 2003
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High Level Training in Risk Analysis, Management Development Center, Sri Lanka, 2002 1
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High Level Training in Management, Management Development Center, Sri Lanka, 2002
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High Level Training in Financial Programming, Management Development Center, Sri Lanka, 2001
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Financial Programming and Policies, IMF Institute, Washington DC, December 2-17, 2001
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Understanding Financial Crises, Swiss National Bank, Switzerland, June 19-29, 2000
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Enterprise Competitiveness and Public Policies in Asia and the Pacific – Conducted by the Commonwealth Secretariat, Singapore, May 22-27, 2000
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Intermediate Policy Targeting on Intermediate, Developing and Transitional Economies, Center for Banking Studies, Bank of England, UK, November 16-20, 1998
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Monetary Analysis, Statistics and Operations, Center for Banking Studies, Bank of England, UK, February 9 - 20, 1998
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Balance of Payment, Policy and Analysis, South East Asian Central Banks (SEACEN) Center, Malaysia, July 24 - August 20, 1990
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Sample Survey Design, US Department of Commerce, Rural Banking and Staff Training College, Central Bank of Sri Lanka, 1989
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Project Evaluation, Rural Banking and Staff Training College, Central Bank of Sri Lanka, 1982
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Systems Analysis and Programming, IBM Corporation, Sri Lanka, 1981
Professional Experience : •
Founder and Principal Economist, Global Policy Research Center, Sri Lanka and USA, October 21, 2009 – todate
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Assistant Governor responsible for Economic and Price Stability, Central Bank of Sri Lanka, January 1, 2007- October 20, 2009, Tasks : From July 2008 – October 2010
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Supervision of the Following Departments of the Central Bank of Sri Lanka
Statistics Department Center for Banking Studies Policy Review and Monitoring Department
From January 1, 2007 – July 2008
Supervision of the Following Departments of the Central Bank of Sri Lanka
Economic Research Department Statistics Department International Operations Department Domestic Operations Department Communications Department
Chairman of the Monetary Operations Committee Deciding on the Following Daily Open Market Operations to Implement Monetary Policy Recommendations Sterilization Measures to Maintain an Orderly Foreign Exchange Market in Sri Lanka Foreign Exchange Reserves Management in the Central Bank of Sri Lanka
Vice Chairman of the Monetary Policy Committee Deciding on the Following Accuracy of the Report on the Overall State of the Sri Lanka’s economy Official forecasts of economic growth, interest rates and inflation Size and timing of monetary policy measures Modality of policy communications
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Supervision of the Publication “State of the Economy of Sri Lanka, 2006” by the Economic Research Department
Director, Economic Research Department, Central Bank of Sri Lanka, September 1, 2004 – December 31, 2006 Tasks :
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Weekly Updates on the State of the Sri Lanka’s economy and World Economic Outlook
Weekly Updates of Forecasts on Economic Growth, Interest Rates, Inflation, Balance of Payments, and Fiscal Outcome
Preparation of Policy Papers for the Monetary Policy Committee and the Monetary Board of the Central Bank of Sri Lanka
Chief Economic Advisor to the Monetary Board of the Central Bank of Sri Lanka
Preparation of policy papers for various line ministries of the government including
Finance Ministry and Treasury Ministry of International Trade and Commerce Ministry of Foreign Affairs
Preparation of “State of the Sri Lanka’s Economy” in 2005 and 2004
Facilitating the Article IV Consultations by the International Monetary Fund and Country Assessment Program by the World Bank
Drafting Communications on
Monetary Policy Decisions International Trade and Finance Developments Economic Growth and Inflation
Spokesman for the Central Bank of Sri Lanka at Chambers of Commerce in Sri Lanka International Groupings – International Monetary Fund, World Bank, Asian Development Bank, Bi-Lateral Donor Agencies, World Trade Organization Credit Rating Agencies Media Other national and international organizations
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Superintendent of Public Debt and Additional Director, Economic Research Department, Central Bank of Sri Lanka, March 16, 2003 – September 1, 2004 Tasks :
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Deciding on the Borrowing Policy and Program for the Government of Sri Lanka Conducting Weekly Auctions and Rolling Over the Government Debt Preparation of Borrowing Strategies
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Additional Superintendent, Public Debt Department, Central Bank of Sri Lanka, August 15, 2001 – March 15, 2003
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Deputy Director, Economic Research Department, Central Bank of Sri Lanka, 2000March 15, 2003
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Head of Division /Senior Economist, Trade and Commodity Studies Division, Economic Research Department, Central Bank of Sri Lanka, 1997-2000
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Senior Assistant Director, Statistics Department, Central Bank of Sri Lanka, 1988-1992
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Project Analyst, Development Finance Department, Central Bank of Sri Lanka, November 1981– 1985
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Systems Analyst/Programmer, CIC (Chemanex) Ltd., Colombo, Sri Lanka, July 1981October 1981
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Instructor, Industrial Management Department, University of Kelaniya, Sri Lanka, October 1980 – June, 1981
Assignments and Special Tasks
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Member of the Steering Committee on the Debut Sovereign Bond Issue of the Government of Sri Lanka, 2007
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Facilitation of the Debut Sovereign Credit Rating Process by the Fitch Rating Agency and Standard and Poor Rating Agency, 2006-2008
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Member, Trade Negotiation Committee, Comprehensive Economic Partnership Agreement with India, 2005-2008
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Co-Chair, Sub Group on Financial Services Liberalization, Comprehensive Economic Partnership Agreement with India, 2005-2008
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Member, National Coordination Committee, Comprehensive Economic Partnership with Singapore, 2003
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Member, Board of Directors, Sri Lanka Petroleum Corporation, 2007-2008
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Member, Board of Directors, Sri Lanka Sustainable Energy Authority, 2008 5
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Editor, Staff Studies, Central Bank of Sri Lanka, 2000-2007
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Member, Financial Stability Committee, Central Bank of Sri Lanka, 2000-2007
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Director, SLIDA Distance Learning Company, (affiliated to Global Development Learning Network, World bank) Sri Lanka, 2000-2007
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Member, Trade Policy Review Mechanism, World Trade Organization, Ministry of Trade and Commerce, 2003
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Director, Sri Lanka Export Credit Insurance Corporation from 2000-2004
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Chairman, Inter-Ministerial Sub-Committee on Financial Sector Services under the World Trade Organization, Sri Lanka, 2001
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Member, Financial Sector Reforms Committee, Central Bank of Sri Lanka, 2001
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Member, Task Force on Public Debt Management under the Financial Sector Reforms Committee, Central Bank of Sri Lanka, 2001
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Member, Task Force on Exchange Management under the Financial Sector Reforms Committee, Central Bank of Sri Lanka, 2001
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Member, Inter-Ministerial Sub-Committee on Anti Dumping and Countervailing Duties, Sri Lanka, 2000
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Member, Steering Committee of the Central Bank Modernization, 2000-2001
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Member, Focus Group on Objectives of the Central Bank, Central Bank Strengthening Project, 2000-2001
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Member, Focus Group on Human Resources, Central Bank Strengthening Project, 20002001
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Chairman, Inter-Ministerial Sub-Committee on Generalized Agreement on Trade in Services, Sri Lanka, 2000-2002
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Secretary, Task Force on Industrial Sickness, Central Bank of Sri Lanka, 2002
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Alternate Director, Industrialization Commission, 2000-2001
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Leader, Financial Stability Study Team, Central Bank of Sri Lanka, 2004
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Leader, Inflation Targeting Study Team, Economic Research Department, 2001
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Public Lectures
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East Asian Crisis, 1997, Center for Banking Studies, Central Bank of Sri Lanka
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Free Trade or Protection, 1998, Center for Banking Studies, Central Bank of Sri Lanka
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Floating the Exchange Rate, 2001, Center for Banking Studies, Central Bank of Sri Lanka
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Economy of Sri Lanka, 2005, Center for Banking Studies, Central Bank of Sri Lanka
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Economy of Sri Lanka, 2006, Center for Banking Studies, Central Bank of Sri Lanka
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Disentangling Global Economic Crisis- Review of Global Policy Response, 2009, Center for Banking Studies, Central Bank of Sri Lanka
Teaching Experience : •
Visiting Professor in Monetary Economics, University of Iowa, USA
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Visiting Lecturer in Monetary Economics, M. A. Program, University of Colombo, Sri Lanka
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Visiting Lecturer in Economics, M.A. Program, University of Kelaniya, Sri Lanka
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Visiting Lecturer, Post Graduate Management Institute, Colombo, Sri Lanka
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Visiting Lecturer, Bandaranaike Center for Diplomatic Studies, Colombo Sri Lanka
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Visiting Lecturer, Defense Academy of Sri Lanka, Colombo Sri Lanka
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Teaching Assistant, Economics Department, University of Iowa, USA from 1992 – 1997
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Instructor, Industrial Management Department, University of Kelaniya, Sri Lanka from October 1980 – June, 1981
Publications
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Books : Money, Inflation and Output, Global Policy Research Center, Colombo, Sri Lanka, 2010
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Inflation and Economic Growth, forthcoming, Sri Lanka Economic Journal 7
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Disentangling the Global Economic Crisis of Lessons, Occasional Paper, Central Bank of Sri Lanka
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Communication Policy of Central Banks, Staff Studies, Vol. 36 Nos. 1and 2, 2007.
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A Strategy to Evaluate Preferential Trading Arrangements, Proceedings of Sri Lanka Economic Association Annual Sessions 2006.
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Financial Services as a Facilitator for Making Services Reach the Poor, 2005, Publication, edited by Prof Y. A. Indraratne
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The Impact of the MODE 4 liberalization of services on economic growth, and policy options, Staff Studies, Vols. 34, Nos. 1 and 2, Central Bank of Sri Lanka
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Globalization and Sri Lanka: The Economic Impact, 2002/03, Sri Lanka Journal of Social Sciences, Vol 25 Nos 1 &2 and Vol 26 No 1 & 2
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A Policy Rule for the Liberalization of Agriculture in Sri Lanka, 2003, Staff Studies, Vols. 33, Central Bank of Sri Lanka
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Feasibility of Inflation Targeting in Sri Lanka, with Ranee Jayamaha et. al., 2001-2002, Staff Studies, Vols. 31-32, Central Bank of Sri Lanka
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Scope for Inflation Targeting in Sri Lanka; a Focus on Administered Prices, with Lavan Mahadeva, 1999-2000, Staff Studies, Vols 29-30, Central Bank of Sri Lanka
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Scope for Inflation Targeting in Sri Lanka; a Focus on the Monetary Transmission Mechanism, 2000, Staff Studies, Vols 27- 28, Central Bank of Sri Lanka
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An Evaluation of the Impact of Indo-Lanka Free Trade Agreement on Sri Lanka’s Trade and Industry, with R. A. Jayatissa, Staff Studies, Vol 25-26, Nos. 1 and 2, 1995-96, Published 2000, Central Bank of Sri Lanka
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History of Econometric Models in Sri Lanka, 1999, Quantitative Tools in Economic Planning: Applications and Issues in Asia, United Nations Center for Regional Development, Nagoya, Japan
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Challenges and Prospects of Liberalizing the Services Sector in Sri Lanka, 2003, Business Lanka, Vol 21 No. 3 &4
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World Trade or Protectionism, Issues for Sri Lanka, 1998, News Survey, Vol 18, No. 5, Central Bank of Sri Lanka
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World Trade Organization and Its Agreements, with Mrs. T. Wijesuriya, News Survey, Central Bank of Sri Lanka, 21, 5 and 21, 6, 2000 8
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Crisis in East Asia: Causes, Status and Impact, Jan/Feb 1998, Economic Review, Vol 23, Nos. 10, 11, Peoples Bank, Sri Lanka
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World Trade Organization and its Impact on Sri Lanka, December 1999, Bankers’ Journal, Vol. XVIII, No. 4, Institute of Bankers of Sri Lanka
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An Update on the East Asian Currency Crisis; the Aftermath and Lessons to be Learnt, September/October, 1999, News Survey, Central Bank of Sri Lanka, Colombo, Sri Lanka
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Globalization and Its Impact on Sri Lanka, News Survey, Vol 22/Number 6, Nov and Dec 2001
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Sources of Economic Growth, 1997, News Survey, Vol 17, No. 5, Central Bank of Sri Lanka
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Growth in Weightless Economies, News Survey, Central Bank of Sri Lanka, vol 21, 6, 2000
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Rise and Fall of State Trading Activities, 1998, Vol 18, No. 2, News Survey, Central Bank of Sri Lanka
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On the Indeterminacy of Empirical Findings on Export-Led Growth, Staff Studies, Vol 24, Nos. 1 and 2, 1994, Published in 1999, Central Bank of Sri Lanka
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Estimating Consumer Behavior and Aggregate Consumption in Sri Lanka, 1991, Staff Studies, Central Bank of Sri Lanka
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Forecasting Models of Monthly Rice Prices, 1990, Staff Studies, Central Bank of Sri Lanka
Box Articles Published in Annual Reports of the Central Bank of Sri Lanka •
Policies and Strategies to Accelerate Economic Growth and Regional Development, 2005
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Liberalisation of Trade in Services and Limitations, 2005
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Welfare Cost of Subsidies, 2005
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Prevalence and Macroeconomic Impact of the Principal Agent Problem and Rent Seeking, 2005
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Comprehensive Economic Partnership Agreement between India and Sri Lanka, 2005
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Second Trade Policy Review of Sri Lanka by the World Trade Organization, 2003
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Need for Developing Housing Financing in Sri Lanka, 2003
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Developments in the World Trade Organization, 2003
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Harnessing the Potential of International Cooperation Agreements, 2002
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Public Debt Management in Sri Lanka, Methods, Issues and Strategies, 2002
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Industrial Sickness, Causes and Solutions, 2001, Joint with P. Pushparajah
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Deregulation Process in Sri Lanka, 2001, Joint with P. Pushparajah
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Sri Lanka’s Competitiveness in a Global Context, 2000
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Redefining Objectives of the Central Bank, 2000
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Fifty Years of Central Banking, Joint with M. M. Attanayake, 2000
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Guidelines for Effective Industrial Policy, Joint with S. Lankatilake, 2000
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Eco-Tourism, Joint with S. Kariyawasam 1999
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Update on Indo- Lanka Free Trade Agreement, 1999
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Harnessing the Potential of E-Commerce, 1999
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Credit Rating, 1999
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Monetary Conditions Index, 1998
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Indo- Lanka Free Trade Agreement, 1998
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Inflation, Unemployment and the Misery Index, 1997, Joint with R. A. Jayatissa
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