000 02311nam a22003854a 4500
001 WPIEA0951996
003 IMF
005 20190405154439.0
006 m o d
007 cr cn|||||||||
008 020129s1996 dcu o i00 0 eng d
020 _a1451950470 :
_c15.00 USD
020 _z9781451950472
022 _a1018-5941
024 7 _a10.5089/9781451950472.001
_2doi
035 _a(IMF)WPIEA0951996
040 _aDcWaIMF
_beng
100 1 _aChan, Kenneth S.
245 1 0 _aCurrency Speculation and the Optimum Control of Bank Lending in Singapore Dollar
_h[electronic resource] :
_bA Case for Partial Liberalization /
_cKenneth S Chan.
260 _aWashington, D.C. :
_bInternational Monetary Fund,
_c1996.
300 _a1 online resource (34 p.)
490 1 _aIMF Working Papers; Working Paper ;
_vNo. 96/95
520 3 _aThe 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.
588 _aDescription based on print version record.
650 7 _aCurrency Crisis
_2imf
650 7 _aExchange Rate Volatility
_2imf
650 7 _aExchange Rate
_2imf
650 7 _aFinancial Markets
_2imf
650 7 _aForeign Exchange
_2imf
651 7 _aSingapore
_2imf
700 1 _aNgiam, Kee Jin.
776 0 8 _iPrint Version:
_aChan, Kenneth S.
_tCurrency Speculation and the Optimum Control of Bank Lending in Singapore Dollar : A Case for Partial Liberalization
_dWashington, D.C. : International Monetary Fund, 1996.
_z9781451950472
830 0 _aIMF Working Papers; Working Paper ;
_vNo. 96/95
856 4 0 _uhttp://elibrary.imf.org/view/IMF001/01483-9781451950472/01483-9781451950472/01483-9781451950472.xml
_zIMF e-Library
856 4 0 _uhttp://www.imfbookstore.org/IMFORG/9781451950472
_zIMF Book Store
999 _c148472
_d148472