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This paper discusses the unique aspects of Singapore’s financial, exchange rate, and wage policies during the period … appropriate wage policy is complementary to exchange rate policy in maintaining external competitiveness in Singapore …
Persistent link: https://www.econbiz.de/10014395760
A small macroeconomic model based on familiar theoretical considerations is developed and estimated using data from 31 developing countries. Efficient estimation techniques are used to control for country heterogeneity under the assumption of rational expectations. The estimates and the test...
Persistent link: https://www.econbiz.de/10014396265
The dynamic responses of a developing economy to a variety of policy and external shocks are studied using an empirical macroeconomic model which embodies rational expectations, perfect capital mobility, and import rationing. These features, which are relatively new in developing-country...
Persistent link: https://www.econbiz.de/10014396467
Persistent link: https://www.econbiz.de/10004245519
This Statistical Appendix report on Singapore discusses the economic indicators for the period 1995–99. The report …; foreign direct investment inflows by industry; assets and liabilities of the Monetary Authority of Singapore; assets and … liabilities of commercial banks of Singapore; summary of balance of payments; export and import performance; services and income …
Persistent link: https://www.econbiz.de/10014402630
This Selected Issues paper assesses the stability of Singapore’s banking system in a regional context. It proposes a … Monetary Authority of Singapore’s exchange rate-centered framework is well suited to shape monetary decision making, given the …
Persistent link: https://www.econbiz.de/10014402949
This 2009 Article IV Consultation highlights that Singapore has been severely affected by the global downturn. The …. Executive Directors have observed that the floating exchange rate regime has served Singapore well, and that the exchange …
Persistent link: https://www.econbiz.de/10014403485
international financial markets have been propagated to Singapore mostly through the trade channel. Inflation has risen … steps by the Monetary Authority of Singapore to tighten the monetary policy stance further by adjusting the exchange rate …
Persistent link: https://www.econbiz.de/10014403564
Strong policies, resilient markets, and an improved external environment have helped Singapore tide over the recession …. Singapore has a strong track record of proactive and forward-looking economic policymaking. Fiscal policy has regained its …. Singapore’s exchange rate regime continues to serve the economy well, and the Monetary Authority of Singapore’s exchange …
Persistent link: https://www.econbiz.de/10014403711
Singapore’s recent economic performance has been impressive, underpinned by prudent macroeconomic management. Economic … that the exchange-rate-based monetary policy framework has served Singapore’s small, open economy well. As inflation …
Persistent link: https://www.econbiz.de/10014404359