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    • MAS
    • Economic Essays

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    • This study was published as Special Feature B in the Apr 2017 Macroeconomic Review. Special Features 85 Special Feature B The Role Of Exchange Rates In International Price Adjustment by Charles Engel1 Introduction competitiveness. There has been a great deal of attention recently focused on exchange rates and their role in For example, determining in September 2010, Guido Mantega, the Brazilian finance minister, commented that we are in the middle of a currency
    • MAS
    • Monetary Policy Statements

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    • 10 October 2007 INTRODUCTION 1   In April this year, MAS reaffirmed the policy of a modest and gradual appreciation of the S$NEER policy band which has been in place since April 2004.  This policy stance has contributed to low and stable inflation amidst the robust economic growth over the past few years. Chart 1 Nominal Effective Exchange Rate (S$NEER) 2   Since the last policy review, the S$NEER has eased from the upper end of the policy band, although in recent weeks it has edged up following
    • MAS
    • Media Releases

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    • 1.     We, the Finance Ministers and Central Bank Governors of ASEAN, convened the 5th Joint Meeting of the ASEAN Finance Ministers and Central Bank Governors in Chiang Rai, Thailand on 5 April 2019 under the co-chairmanship of Mr. Apisak Tantivorawong, Minister of Finance of the Kingdom of Thailand, and Mr. Veerathai Santiprabhob, Governor of the Bank of Thailand. 2.     We reiterate our commitment to the pursuit of an integrated ASEAN to support economic growth and strengthen financial stability
    • MAS
    • Speeches

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    • Question: How vulnerable is the global economy to a synchronised slowdown from both US and China? How does the rest of Asia, including Singapore, weather and navigate this environment? What type of policies must countries pursue to build resilience? Global growth is on a gentle slide down, but is not heading for a hard landing. We have had two years of robust growth, in many parts of the world above trend. It is to be expected that global growth will moderate this year towards a more sustainable
    • MAS
    • Economic Essays

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    • This study was published as Special Feature C in the April 2014 Macroeconomic Review 94 Macroeconomic Review, April 2014 Special Feature C Where are Countries Positioned along Global Production Lines? by Davin Chor1 Introduction The East Asian region, including Singapore, has been very much in the thick of the action as global production lines have expanded. Over the past three decades, production processes have become increasingly fragmented across country
    • MAS
    • Consultations

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    • Consultation Paper VIEW DOCUMENT Consultation Paper on Corporate Governance (Corporate Governance Committee) (70.2 KB) CORPORATE GOVERNANCE COMMITTEE CONSULTATION PAPER NOVEMBER 2000 -------- CORPORATE GOVERNANCE COMMITTEE CONSULTATION PAPER 1 CORPORATE GOVERNANCE COMMITTEE PUBLIC CONSULTATION As part of the vision of making Singapore a financial hub of international standing and 1 for our listed companies to attract and retain international capital, the Ministry of Finance
    • MAS
    • Speeches

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    • Mr. Andrew Ng, President, Financial Markets Association of Singapore, Distinguished speakers, ladies, and gentlemen, 1. A very good morning. 2. It is fitting that we have the skyline of our Central Business District to serve as our backdrop for the Asia Financial Markets Forum. Glad to see the city bustling again after two years. 3. This pandemic has been challenging, but most sectors are steadily recovering, including hard-hit ones like tourism and aviation. Thank you for working with us. 4. But
    • MAS
    • Media Releases

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    •   Joint Press Release by the Monetary Authority of Singapore and National University of Singapore SINGAPORE, 15 March 2010...The Monetary Authority of Singapore (MAS) and the National University of Singapore (NUS) are pleased to announce Professor Barry Eichengreen as the inaugural professor for the MAS Term Professorship in Economics and Finance.  This professorship was established in 2009 by the MAS at NUS to strengthen research in Economics and Finance and to enhance collaboration between academia
    • MAS
    • Economic Essays

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    • This study was published as Special Feature A in the April 2014 Macroeconomic Review. 82 Macroeconomic Review, April 2014 Special Feature A Global Productivity Trends Introduction Recent empirical research has documented a downshift in total factor productivity (TFP) growth1 across a wide range of advanced economies since the early 2000s (Fernald, 2012; Fabina and Wright, 2013). Notably, the slowdown in TFP growth appears to have preceded the Global Financial
    • MAS
    • Consultations

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    • Response VIEW DOCUMENT Response to Feedback: Proposed Amendments to the Securities and Futures Act on Regulation of OTC Derivatives (150.1 KB) Consultation Paper VIEW DOCUMENT Consultation Paper II on Proposed Amendments to the Securities and Futures Act on Regulation of OTC Derivatives (108.3 KB) RESPONSE TO FEEDBACK RECEIVED PROPOSED AMENDMENTS TO THE SECURITIES AND FUTURES ACT ON REGULATION OF OTC DERIVATIVES Introduction 1 1.1 MAS recently issued two sets of Consultation Paper