Download or read book Currency Speculation and the Optimum Control of Bank Lending in Singapore Dollar written by Kenneth S. Chan and published by International Monetary Fund. This book was released on 1996-08-01 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Monetary Authority of Singapore (MAS) has a long-standing policy of controlling bank lending in Singapore dollars to nonresidents and to residents who use the funds outside Singapore. While the control may prevent the internationalization of the Singapore dollar and contain exchange rate volatility, it can hinder the deepening and widening of the financial markets in Singapore. This paper suggests three policy options that would allow traders and investors to borrow Singapore dollars without any restrictions, while making it costly for speculators since their activities can cause exchange rate volatility which arguably imposes external costs to society.
Download or read book Asia s Financial Crisis written by Ramon Moreno and published by . This book was released on 1998 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Pacific Basin Working Paper Series written by and published by . This book was released on 2000 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Asian Bibliography written by and published by . This book was released on 1997 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Cure Worse Than the Disease written by Michael M. Hutchison and published by . This book was released on 2001 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Contagion and Trade written by Reuven Glick and published by . This book was released on 1998 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Currency crises tend to be regional; they affect countries in geographic proximity. This suggests that patterns of international trade are important in understanding how currency crises spread, above and beyond any macroeconomic phenomena. We provide empirical support for this hypothesis. Using data for five different currency crises (in 1971, 1973, 1992, 1994, and 1997) we show that currency crises affect clusters of countries tied together by international trade. By way of contrast, macroeconomic and financial influences are not closely associated with the cross-country incidence of speculative attacks. We also show that trade linkages help explain cross-country correlations in exchange market pressure during crisis episodes, even after controlling for macroeconomic factors.
Download or read book Testing for Contagion Using Correlations written by Mardi Dungey and published by . This book was released on 2001 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Fixed Or Floating written by Reuven Glick and published by . This book was released on 2000 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Australian Growth written by Ian W. McLean and published by . This book was released on 2001 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Pegging and Macroeconomic Performance in East Asia written by Ramon Moreno and published by . This book was released on 2000 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Factor Analysis of a Model of Stock Market Returns Using Simulation based Estimation Techniques written by Diana Zhumabekova and published by . This book was released on 2001 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Identifying the Role of Macroeconomic Fundamentals in the 1997 Asian Currency Crisis written by Hwa-Seok Oh and published by . This book was released on 2000 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Fed in Print written by and published by . This book was released on 1996 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Singapore s Economic Development Retrospection And Reflections written by Linda Y C Lim and published by World Scientific. This book was released on 2015-12-30 with total page 333 pages. Available in PDF, EPUB and Kindle. Book excerpt: Singapore is known internationally for its successful economic development. Key to its economic successes is a variety of policies put into place over the past 50 years since its independence. Singapore's Economic Development: Retrospection and Reflections provides a retrospective analysis of independent Singapore's economic development, from the perspective of different policy domains each considered by different expert scholars in that particular field.The book is written by academic economists in a style that is accessible to non-experts. Each chapter includes reviews of past scholarship, current data on each policy area, and reflections on required or desirable future policy changes and outcomes.By examining the evolution of past and current policies which combined to make Singapore's development a success and exploring emerging developmental challenges, Singapore's Economic Development: Retrospection and Reflections gives readers a better understanding of Singapore's economic trajectory and future.
Download or read book Is There Private Information in the FX Market written by Takatoshi Itō and published by . This book was released on 1997 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is a common view that private information in the foreign exchange market does not exist. We provide evidence against this view. The evidence comes from the introduction of trading in Tokyo over the lunch-hour. Lunch return variance doubles with the introduction of trading, which cannot be due to public information since the flow of public information did not change with the trading rules. Having eliminated public information as the cause, we exploit the volatility pattern over the whole day to discriminate between the two alternatives: private information and pricing errors. Three key results support the predictions of private-information models. First, the volatility U-shape flattens: greater revelation over lunch leaves a smaller share for the morning and afternoon. Second, the U-shape tilts upward, an implication of information whose private value is transitory. Finally, the morning exhibits a clear U-shape when Tokyo closes over lunch, and it disappears when trading is introduced.
Download or read book Research Activities of the International Monetary Fund written by International Monetary Fund. Interdepartmental Working Group on Fund Policy Advice and published by . This book was released on 1998 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Are Asian Economies Exempt from the impossible Trinity written by Ramon Moreno and published by . This book was released on 1997 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
