Singapore: Selected Issues

Volume/Issue: Volume 2008 Issue 281
Publication date: August 2008
ISBN: 9781451834284
$20.00
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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Finance , Inflation , Economics- Macroeconomics , Public Finance , ISCR , CR , bank , exchange rate , contractionary monetary policy , bank portfolio , discretionary fiscal policy decision , banks probability , expenditure measure , bank default , Inflation , Commercial banks , Bank soundness , Consumer price indexes , Global

Summary

This Selected Issues paper assesses the stability of Singapore’s banking system in a regional context. It proposes a novel methodology for gauging domestic financial stability. The paper assesses the impact of fiscal measures on macroeconomic activity, and analyzes the effects of monetary policy using structural vector autoregressions. Estimates show that the Monetary Authority of Singapore’s exchange rate-centered framework is well suited to shape monetary decision making, given the large impact that changes in the nominal exchange rate have on activity and prices.