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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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1996
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Schriftenreihe: | IMF Working Papers
Working Paper No. 96/95 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | 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 |
Beschreibung: | 1 Online-Ressource (34 p) |
ISBN: | 1451950470 9781451950472 |
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spelling | Chan, Kenneth S. Verfasser aut Currency Speculation and the Optimum Control of Bank Lending in Singapore Dollar A Case for Partial Liberalization Chan, Kenneth S Washington, D.C International Monetary Fund 1996 1 Online-Ressource (34 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 96/95 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 Online-Ausg Ngiam, Kee Jin Sonstige oth http://elibrary.imf.org/view/IMF001/01483-9781451950472/01483-9781451950472/01483-9781451950472.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Chan, Kenneth S. Currency Speculation and the Optimum Control of Bank Lending in Singapore Dollar A Case for Partial Liberalization |
title | Currency Speculation and the Optimum Control of Bank Lending in Singapore Dollar A Case for Partial Liberalization |
title_auth | Currency Speculation and the Optimum Control of Bank Lending in Singapore Dollar A Case for Partial Liberalization |
title_exact_search | Currency Speculation and the Optimum Control of Bank Lending in Singapore Dollar A Case for Partial Liberalization |
title_exact_search_txtP | Currency Speculation and the Optimum Control of Bank Lending in Singapore Dollar A Case for Partial Liberalization |
title_full | Currency Speculation and the Optimum Control of Bank Lending in Singapore Dollar A Case for Partial Liberalization Chan, Kenneth S |
title_fullStr | Currency Speculation and the Optimum Control of Bank Lending in Singapore Dollar A Case for Partial Liberalization Chan, Kenneth S |
title_full_unstemmed | Currency Speculation and the Optimum Control of Bank Lending in Singapore Dollar A Case for Partial Liberalization Chan, Kenneth S |
title_short | Currency Speculation and the Optimum Control of Bank Lending in Singapore Dollar |
title_sort | currency speculation and the optimum control of bank lending in singapore dollar a case for partial liberalization |
title_sub | A Case for Partial Liberalization |
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