Singapore's experience with international capital flows over the past two decades or so has been a rather -- although … equities market, and operating on a Currency Board (CB) system (although with some differences from Singapore's CB system). The … discussion serves to identify some 'areas of vulnerability' in the Hong Kong set-up at that time. We next discuss Singapore …

Singapore%u2019s experience with international capital flows over the past two decades or so has been a rather %u2013 … system and equities market, and operating on a Currency Board (CB) system (although with some differences from Singapore … time. We next discuss Singapore%u2019s policy background and early experience, and in the light of Hong Kong%u2019s …

Singapore as a case study, it explores the Monetary Authority's adoption of the exchange rate as the primary tool since 1981 … function aligns well with actual deviations, supporting the hypothesis that Singapore's forward-looking policy rule effectively …