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. For empirical...
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| Format: | Revija |
| Jezik: | English |
| Izdano: |
Washington, D.C. :
International Monetary Fund,
2004.
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| Serija: | IMF Working Papers; Working Paper ;
No. 2004/010 |
| Online dostop: | Full text available on IMF |