Currency Speculation and the Optimum Control of Bank Lending in Singapore Dollar : A Case for Partial Liberalization /

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 volatil...

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書目詳細資料
主要作者: Chan, Kenneth
其他作者: Ngiam, Kee
格式: 雜誌
語言:English
出版: Washington, D.C. : International Monetary Fund, 1996.
叢編:IMF Working Papers; Working Paper ; No. 1996/095
在線閱讀:Full text available on IMF
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100 1 |a Chan, Kenneth. 
245 1 0 |a Currency Speculation and the Optimum Control of Bank Lending in Singapore Dollar :   |b A Case for Partial Liberalization /  |c Kenneth Chan, Kee Ngiam. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1996. 
300 |a 1 online resource (34 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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. 
538 |a Mode of access: Internet 
700 1 |a Ngiam, Kee. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1996/095 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1996/095/001.1996.issue-095-en.xml  |z IMF e-Library