The Monetary Authority of Singapore (MAS) is the central bank of Singapore. Use the CB Insights Platform to explore Monetary Authority of Singapore's full profile.
Uniquely, the MAS doesn’t set Singapore’s interest rates; rather, it uses instead the currency rate as its main policy tool. Financial regulation The MAS is empowered by the Monetary Authority of Singapore Act to set regulations and supervise the city’s banking, capital markets, insurance...
We previously reviewed the Monetary Authority of Singapore’s (MAS) management of monetary policy. Unusually, the MAS manages policy via the exchange rate rather than the interest rate. In this follow-up, we look at how the MAS adjusts the exchange rate in response to changes in macroeconomic...
On July 13, the PBOC and the Monetary Authority of Singapore (MAS) renewed a bilateral currency swap agreement of RMB300 billion, or SGD65 billion. On July 14, the PBOC reported to the Financial and Economic Affairs Committee of the NPC on monetary policy implementation in H1 2022. On July...
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 ...
The Monetary Authority of Singapore (MAS), which manages policy through exchange rate settings rather than interest rates, said it would maintain the slope of the Singapore dollar's policy band while keeping the width and level at which the band is centered unchanged. ...
… the possibility of fiscal dominance arises only when the fiscal authority sets the debt level. The bottom line is that budget deficits don’t necessarily lead to inflation. But if a government is untrustworthy, then it will have trouble issuing debt to private investors. And that’s when ...
Monetary Authority of Singapore Designing a Monetary Authority What should the monetary authority do when prices are sticky Should There Be an Independent Monetary Authority? Estimating the discount rate policy reaction function of the monetary authority ...
which would require the monetary authority to reduce its target rate of interest below the natural rate to induce enough investment to be financed by monetary expansion. Thus, when productivity is rising, setting the target rate of interest equal to the natural rate leads not to price stability,...
Monetary Authority of Macau Monetary Authority of Singapore monetary base monetary base control monetary compensatory amounts Monetary Conditions Index Monetary Control Act of 1980 Monetary Easing monetary economy monetary gain Monetary gold Monetary indicators monetary items Monetary Policies monetary policy Mon...