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Which of the Monetary Aggregates Does MAS Watch?

In: RESILIENCE DYNAMISM TRUST 50 Landmark Statements by MAS Leaders

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  • Keng Swee Goh

Abstract

I wish to take this opportunity to explain to Members some aspects of the arcane art of Central Banking as practised in industrial countries and in Singapore. The classical model of a Central Bank is the Bank of England in Victorian England. Today it is the Federal Reserve System of the United States which carries most weight in the world’s financial system, far in excess of the proportion of the world’s GNP generated in the US…

Suggested Citation

  • Keng Swee Goh, 2021. "Which of the Monetary Aggregates Does MAS Watch?," World Scientific Book Chapters, in: Monetary Authority of Singapore (ed.), RESILIENCE DYNAMISM TRUST 50 Landmark Statements by MAS Leaders, chapter 9, pages 70-78, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811250125_0009
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    More about this item

    Keywords

    Monetary Authority of Singapore; Central Banks; Singapore; Monetary Policy; Fintech;
    All these keywords.

    JEL classification:

    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • F45 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Macroeconomic Issues of Monetary Unions

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