Singapore's Unique Monetary Policy : How Does it Work?

How Does it Work?

Singapore's Unique Monetary Policy : How Does it Work?
The Monetary Authority of Singapore, instead of relying on short-term interest rates or monetary aggregates as its monetary policy instrument, conducts policy by managing the trade-weighted exchange rate index (TWI). This paper investigates how this operating procedure actually works. For empirical purposes, it assumes the authorities follow a READ MORE...

Publication date: January 2004
ISBN 9781451842722
$15.00

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