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Singapore's reserves serve three objectives - as a buffer against crisis, as an endowment to finance current needs, and … to maintain confidence in Singapore's exchange rate-centered monetary policy. The reserves are managed in three pots … - the Monetary Authority of Singapore (MAS), as the central bank, manages the official foreign reserves (OFR) and invests …
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Following the 1997-98 financial turmoil, crisis countries in Asia moved toward either floating or fixed exchange rate systems, reinforcing the bipolar view of exchange rate regimes and the ""hollow middle"" hypothesis. But some academics have claimed that the crisis countries'' policies have...
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bank lending to six Asian economies, viz., Indonesia, Korea, Malaysia, Philippines, Singapore and Thailand, to analyze a …
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