| Singapore’s Money Supply |
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| Written by Wilfred Ling | ||||||
| Sunday, 12 July 2009 | ||||||
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In Singapore, MAS does not deliberately control money supply because monetary policy focuses on managing Singapore’s currency with respect to a basket of undisclosed foreign currencies. However, to manage the exchange rates, manipulation of the Singapore currency money supply is required. For example, to weaken the local currency, an increase in money supply should do the trick. On the other hand, if the desire is to strengthen the local currency, a decrease in money supply should do the trick. But of course in real life that is not so easy because controlling the currency automatically makes us dependent on other countries’ inflation rate.... Read More (login required, clients only)
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