WHITHER MONETARY POLICY AFTER
THE CRISIS?
What are the implications of the global financial crisis for the conduct
of monetary policy in Singapore?
Clearly Singapore already had in place a number of safeguards to
help insulate the domestic financial system from the crisis as it
unfolded in the second half of 2008. The ability to access funds from
other central banks, such as the FED, if necessary through swap
arrangements was one of them. Also helpful was the ‘domestic’
Monetary Policy in Singapore and the Global Financial Crisis
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The FI measure takes into account the effects of the cyclical performance of the
economy on the budget.
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