This policy note finds that the ageing of the population in Singapore will cause a reversal of the current net Central … change on the exchange rate and monetary management in Singapore. Finally, the paper proposes policy measures that can help … (a) mop up the excess liquidity due to the net CPF withdrawals; and (b) maintain the Monetary Authority of Singapore (MAS …

regime for small, open emerging market countries like Singapore and Thailand …

this paper, we examine how inflation rates in two small open economies, namely Hong Kong and Singapore, interact with those … model is used to study the inflation dynamics. It is found that Hong Kong and Singapore inflation rates, but not the U ….S. one, respond to the error correction term. Compared with Singapore, the Hong Kong inflation rate is more responsive to U …