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Case Study I. Emily Barr and Danny Purvis Exchange Rate Policy at the  Monetary Authority of Singapore
Basic Information ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Exchange Rate Systems ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Trends in Exchange Rate Systems ,[object Object],[object Object],[object Object],[object Object],[object Object]
History  of Singapore’s Foreign Exchange Policy ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Current Exchange Rate System:  Managed Float  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Since 1981, Singapore has focused on management of the Exchange Rate
Monetary Authority of Singapore  (MAS) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The “Unholy Trinity”
The “Unholy Trinity” ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The “Unholy Trinity”:  Singapore’s Trade-Off ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Nominal Exchange Rates ,[object Object],[object Object],The Difference Between Real and Nominal Exchange Rates
Real Exchange Rates ,[object Object],[object Object],The Difference Between Real and Nominal Exchange Rates
Singapore’s Exchange Rates  Prior to 2001 ,[object Object],[object Object],[object Object]
How  Pegged Currencies  Led to the  Asian Financial Crisis  (1997-98) ,[object Object],[object Object]
[object Object],[object Object],[object Object],How  Pegged Currencies  Led to the Asian Financial Crisis  continued
Overall Impact:  The Financial Crisis and Asian Countries ,[object Object],[object Object],[object Object]
Asian Financial Crisis:  The Impact on Singapore ,[object Object],[object Object],[object Object]
Singapore vs. Thailand :  The Varying Affects of the Crisis ,[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],Singapore vs. Thailand :  The Varying Effects from the Crisis continued
Recovery  from the Financial Crisis ,[object Object],[object Object],[object Object]
Recommendation ,[object Object],[object Object],[object Object],[object Object],[object Object]
Recommendation  continued ,[object Object],[object Object],[object Object],[object Object],[object Object]
Recommendation  continued   ,[object Object],[object Object],[object Object],[object Object],[object Object]
Thank You!

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Singapore Foreign Exchange Policy