European Parliament Library

Singapore :, Selected Issues

Abstract
This Selected Issues paper assesses the stability of Singapore’s banking system in a regional context. It proposes a novel methodology for gauging domestic financial stability. The paper assesses the impact of fiscal measures on macroeconomic activity, and analyzes the effects of monetary policy using structural vector autoregressions. Estimates show that the Monetary Authority of Singapore’s exchange rate-centered framework is well suited to shape monetary decision making, given the large impact that changes in the nominal exchange rate have on activity and prices
Table Of Contents
Cover; Contents; Executive Summary; I. Assessing the Stability of Singapore's Banking System in a Regional Context; A. Introduction; B. Analytical Frameworkss; C. Main Findings; Figure I.1. Marginal Probabilities of Default; Figure I.2. Joint Probability of Default and Average Marginal Probability; Table I.1. Singaporean Banks: Default Dependence Matrix (DDM); Table I.2. Singaporean and Regional Banks: Default Dependence Matrix (DDM); D. Concluding Remarks; Figure I.4. Resilience Factor; Figure I.5. Systemic Relevance Factor; References; II. The Effects of Monetary Policy in Singapore
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (37 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781452783703

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