Which of the Monetary Aggregates Does MAS Watch?

Keng Swee Goh

Chapter 9 in Resilience, Dynamism, Trust:50 Landmark Statements by MAS Leaders, 2021, pp 70-78 from World Scientific Publishing Co. Pte. Ltd.

Abstract: I wish to take this opportunity to explain to Members some aspects of the arcane art of Central Banking as practised in industrial countries and in Singapore. The classical model of a Central Bank is the Bank of England in Victorian England. Today it is the Federal Reserve System of the United States which carries most weight in the world’s financial system, far in excess of the proportion of the world’s GNP generated in the US…

Keywords: Monetary Authority of Singapore; Central Banks; Singapore; Monetary Policy; Fintech (search for similar items in EconPapers)
JEL-codes: E44 E5 E58 E6 F45 (search for similar items in EconPapers)
Date: 2021
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