Exchange Rate Pass Through Over The Business Cycle In Singapore
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Exchange Rate Pass Through Over The Business Cycle In Singapore
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Author : Mr.Sam Ouliaris
language : en
Publisher: International Monetary Fund
Release Date : 2011-06-01
Exchange Rate Pass Through Over The Business Cycle In Singapore written by Mr.Sam Ouliaris and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-06-01 with Business & Economics categories.
This paper investigates exchange rate pass-through in Singapore using band-pass spectral regression techniques, allowing for asymmetric effects over the business cycle. First stage pass-through is estimated to be complete and relatively quick, confirming existing views that the exchange rate provides an effective tool to moderate imported inflation in Singapore. Asymmetric pass-through effects over the business cycle are also detected, with importers passing on a smaller share of exchange rate movements during boom periods as compared to recessions. This result suggest that Singapore’s exchange rate policy could afford to "lean against the wind," especially during cyclical expansions.
Fear Of Inflation
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Author : Sam-mo Kang
language : en
Publisher: 대외경제정책연구원
Release Date : 2003
Fear Of Inflation written by Sam-mo Kang and has been published by 대외경제정책연구원 this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Anti-inflationary policies categories.
The Strong Exchange Rate Policy With Exchange Rate Pass Through
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Author : Kwang Wee Seah
language : en
Publisher:
Release Date : 2002
The Strong Exchange Rate Policy With Exchange Rate Pass Through written by Kwang Wee Seah and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with categories.
Singapore
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Author : International Monetary Fund. Asia and Pacific Dept
language : en
Publisher: International Monetary Fund
Release Date : 2015-07-24
Singapore written by International Monetary Fund. Asia and Pacific Dept and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-07-24 with Business & Economics categories.
External trade plays an important role in Singapore’s economy, providing an important share of total value added. Singapore’s exports have a relatively large import share; however, they also have a high level of complexity. As emphasized in previous studies, value-added in exports plays an important role in trade elasticities. The paper finds evidence that this is indeed the case for Singapore’s export products. Products that have higher domestic value-added share also tend to have higher export price elasticity. Economic complexity is also related to export price elasticities: higher economic complexity is associated with lower price elasticity of exports. This relationship is stronger within certain product segments such as the machinery, mechanical appliances and computers as well as the pharmaceuticals segments. Trade elasticities are important to understand Singapore’s exchange rate based monetary policy transmission. Exchange rate changes can affect profits and trade volumes differently, depending upon the price pass-through to import and export prices and the price elasticity of exports and imports. The import and export price pass-through can in return depend on trade elasticities. The paper also shows that there is important product heterogeneity with respect to trade elasticities; both across different product groups but also within individual product groups. This implies that structural changes in the product composition of trade can lead to sizeable changes in Singapore’s trade elasticities.
The Singapore Economy
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Author : Gavin Peebles
language : en
Publisher: Edward Elgar Publishing
Release Date : 1996
The Singapore Economy written by Gavin Peebles and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Business & Economics categories.
Providing a general overview of the macroeconomic nature and recent history of the Singapore economy, this volume discusses its monetary system, trade patterns, balance of payments and the nature of its exchange rate mechanism and policy.
Exchange Rate Systems And Policies In Asia
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Author : Paul S. L. Yip
language : en
Publisher: World Scientific
Release Date : 2008
Exchange Rate Systems And Policies In Asia written by Paul S. L. Yip and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Business & Economics categories.
This important book comprises insightful papers on lessons learned from some major exchange rate and monetary experiences in Asia, exchange rate crisis management in Asia and choice of exchange rate systems in Asia. Originally published in the Singapore Economic Review, Vol. 52, No. 3, 2007, it deals primarily with the exchange rate systems and policies in the three largest economies in Asia: China, Japan and India. It also contains a paper on Singapore''s exchange rate system, whose success could make it a role model for other small open economies. Notable contributors include Ronald McKinnon and John Williamson, among others. The editor is the original designer of China''s latest exchange rate system reform.
An Empirical Analysis Of Exchange Rate Pass Through In Sngapore
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Author : Joey Chew
language : en
Publisher:
Release Date : 2009
An Empirical Analysis Of Exchange Rate Pass Through In Sngapore written by Joey Chew and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.
Road To Recovery
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Author : Sanchita Basu Das
language : en
Publisher: Institute of Southeast Asian Studies
Release Date : 2010-08-03
Road To Recovery written by Sanchita Basu Das and has been published by Institute of Southeast Asian Studies this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-08-03 with Business & Economics categories.
Singapore had been one of the nations severely affected by the 2008-09 global financial and economic crisis. The city state came under pressure through the financial, trade, and confidence channels. To counter these shocks, Singapore policymakers undertook unprecedented monetary and fiscal policy measures. They subsequently charted a revival strategy that would help the country emerge stronger after the crisis. These all-encompassing policies together with the global economic recovery in 2009 helped the city state bounce back faster and stronger than many other regional economies. This book provides an insight into the events that occurred during the crisis and Singapore's successful navigation to economic recovery. "Although much has been written about the global financial crisis of 2008-09, not enough has been said about how it affected Singapore and the policy response. In this highly readable book, Sanchita Basu Das fills this gap, explaining how the crisis rippled through the Singapore economy via trade channels, the financial sector, and asset markets. But the greatest strength of this volume is its comprehensive account of the extraordinary measures Singapore put in place to deal pre-emptively with what could have been huge declines in output and employment in the face of the collapse of trade and credit flows. Singapore's multi-pronged approach, and especially the fiscal support and loan guarantees contained in the 2009 budget, must go down as one of the boldest and most creative policy responses to a crisis. It is a valuable lesson to economics students and practitioners alike. This book gives you the full story." Vikram Khanna Associate Editor The Business Times "Sanchita Basu Das is to be congratulated for providing a fascinating, accessible, and forward-looking analysis of Singapore's response to the global economic crisis of 2008-09. As a highly trade-dependent economy, Singapore was hit hard by these events. But the government was nimble and quick to react. The author describes and evaluates this response, and draws out general lessons for crisis management and mitigation in small open economies. Highly recommended." Hal Hill H.W. Arndt Professor of Southeast Asian Economies Australian National University. "This is a comprehensive account of the impact of the global financial crisis on Singapore -- one of the most open economies in the world -- and policy responses by the government and central bank. The book identifies the need to move to a more knowledge-intensive economy as the key policy challenge for post-crisis Singapore." Masahiro Kawai Dean and CEO Asian Development Bank Institute "Singapore was affected disproportionately by the global economic crisis of 2008-09. While it is currently rebounding impressively, government officials and the private sector would do well to learn from the crisis experience in devising future policies. Moreover, the Singapore experience is instructive as to how external economic shocks can be transmitted to open economies and, hence, has great relevance beyond its borders. This book by Sanchita Basu Das gives a comprehensive survey of Singapore in crisis and provides a wealth of information and insightful analysis, using clear, non-technical language. It is extremely useful contribution to scholars, policymakers, and other students of Asian economics." Michael G. Plummer Organisation for Economic Co-operation and Development (OECD)
Exchange Rate Monetary And Financial Issues And Policies In Asia
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Author : Ramkishen S Rajan
language : en
Publisher: World Scientific
Release Date : 2008-12-10
Exchange Rate Monetary And Financial Issues And Policies In Asia written by Ramkishen S Rajan and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-12-10 with Business & Economics categories.
A decade has passed since the Asian crisis of 1997-1998 which decimated many of the regional economies. While the crisis itself led to severe economic and political consequences, its primary cause was an inappropriate mix of policies, as regional economies attempted to simultaneously maintain fairly rigid exchange rates (soft US dollar pegs) and monetary policy autonomy in the presence of large-scale capital outflows. The chapters in this volume focus on selected exchange rate, monetary and financial issues and policies that are of contemporary relevance and importance to Asia, including choice of exchange rate regimes, causes and consequences of reserve accumulation, international capital flows, macroeconomic synchronization, and regional monetary and financial cooperation.
Economic Growth And Development In Singapore
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Author : Peter Wilson
language : en
Publisher: Edward Elgar Publishing
Release Date : 2002-10-29
Economic Growth And Development In Singapore written by Peter Wilson and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-10-29 with Business & Economics categories.
In this book Gavin Peebles and Peter Wilson offer an historical overview of the rapid growth and development of the Singapore economy, detailing the institutions and policies which have made this growth possible. They examine the current state of the economy and its future in terms of prospective growth and structural change.