Hidden Bibliographic Details
| Other authors / contributors: | Ngiam, Kee Jin, author.
International Monetary Fund. Southeast Asia and Pacific Department, issuing body.
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| ISBN: | 1455251429
9781455251421
1462384250
9781462384259
9781451950472
1451950470
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| Notes: | Includes bibliographical references (pages 31-33).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | Annotation 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.
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| Other form: | Print version: Chan, Kenneth S. Currency speculation and the optimum control of bank lending in Singapore dollar. [Washington, D.C.] : International Monetary Fund, Southeast Asia and Pacific Dept., [1996]
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| Standard no.: | 10.5089/9781455251421.001
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