Singapore's Unique Monetary Policy: How Does It Work?
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| Originally published | 2004 |
| Authors | Eric Parrado |
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| ID | 2011032 |
About Singapore's Unique Monetary Policy: How Does It Work?
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. . . .