An empirical analysis of Singapore's monetary and exchange rate policies in the 1990s

Article Abstract:

The economy of Singapore has remained relatively unscathed from the Asian currency crisis of 1997 and 1998 which has severely crippled the markets of Hong Kong, Indonesia, and Malaysia. The Monetary Authority of Singapore, which has overseen the country's financial development since the 1960s, has maintained sound monetary policy which has saved the economy from ruin. The government, unlike those of Hong Kong, has also regulated real estate loans and land development and has strengthened its basic services of telecommunications and transport.

Public Finance Activities, Fiscal Policy, Currency Stabilization Programs, Economic aspects, Asia, Currency stabilization, Singapore. Monetary Authority

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The likelihood of European Monetary Union

Article Abstract:

A simple calculation method measures the level of probability of the European Monetary Union (EMU) formation. The equation makes use of forward interest rates with settlement time after January 1, 1999, to determine the number of countries that will abide by EMU's provision for a single euro-currency of all members. The study reveals the probability of EMU formation that is dependent on political events and opinion polls. Germany, Netherlands, Belgium and France are expected to be the prime movers in the monetary union.

Foreign Exchange & Reserves Policy, Monetary unions, European Monetary System

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The industry effects of monetary policy and their welfare implications

Article Abstract:

The European movement toward Economic and Monetary Union (EMU) has raised concerns about differential effects on member states caused by regional variances in the monetary transmission mechanism. This paper demonstrates that, in an integrated economy, such variations can be attributed to industries and that regional setbacks can be corrected by automatic economic stabilizers.

Europe, Science & research, International economic relations, Economic Views, Statistical Data Included

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