REPORT A Rebuttal on “Exchange Rate Policy at the Monetary Authority of Singapore” Submitted to: Submitted date: Academic year : 2013-2014 Semester : Winter Group Member: I hereby certify that this paper is the result of my own work and that all sources I used have been reported -------------------------------- Signature A Rebuttal on “Exchange Rate Policy at the Monetary Authority of Singapore” Introduction
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The Monetary Policies of the Asian Financial Crisis and its Ramifications Introduction: At the end of the 1980s and early 1990s‚ the economies of Southeast Asia developed rapidly. Thailand‚ Malaysia‚ Indonesia‚ Singapore and Korea experienced an average annual GDP growth of 12%‚ which was called “the Asian miracle”. Among them‚ Thailand experienced approximately 15% GDP growth‚ and Malaysia experienced almost 20% GDP growth. But this momentum of economic growth did not last long. This rapid development
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supply forces until the introduction of money. Because money is also like any commodity‚ the demand for money and supply of money are real forces that help promote efficiency in any system that uses the price mechanism‚ since most prices are quoted in monetary units. Nelson (2011) describes the demand for money not as the amount one wishes to have but as the amount of one’s wealth that is preferable in the form of currency or demand deposits. Because the demand for money is the demand for wealth held
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Scientific Journal May edition vol. 8‚ No.9 ISSN: 1857 – 7881 (Print) e - ISSN 1857- 7431 LABOR AND BANKING SECTOR REFORMS IN NIGERIA Idowu Oluwatoyin Frederick Department of industrial relations and public administration Lagos state university‚ Ojo‚ Nigeria.. Abstract The regime of banking sector reforms leading to recapitalization and consolidation in Nigeria and the consequent merger and or acquisition of existing banks into twenty five (25) by 2005‚ and later eighteen (18) by 2012 brought
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Monetary policy 2012-2013 * Reduce the repo rate under the liquidity adjustment facility (LAF) by 50 basis points from 8.5 per cent to 8.0 per cent with immediate effect. * The reverse repo rate under the LAF‚ determined with a spread of 100 basis points below the repo rate‚ stands adjusted to 7.0 per cent with immediate effect. * Raise the borrowing limit of scheduled commercial banks under the marginal standing facility (MSF) from 1 per cent to 2 per cent of their net demand and time
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GROUP DEBATE (Scroll down for Readings) Instructions The debate is a group assessment‚ so all members of the group receive the same mark out of 15. Each group will be allowed twelve minutes. If there are two members in a group‚ each may speak for up to six minutes; if three members‚ four minutes. The first speaker should explain the question‚ introduce his/her group members‚ briefly outline the structure of the argument‚ and perhaps cover some of the arguments. The last speaker should
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Macroeconomic policies are policies that affect the economy as a whole with the aim of minimizing fluctuations in the business cycle. Macroeconomic policies are made up of two types of policies‚ these including both monetary implemented by the Reserve Bank of Australia and fiscal policies administered by the government. The implementation of these policies has a significant and vital role in the achievement of multiple economic objectives. These including; Full employment of labor resources‚ sustainable
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1) Describe the general policy objectives for monetary policy As a member of the Eurosystem‚ the Bank of Greece does not retain control of its policy objectives. Monetary policy is set by the European Central Bank In following the policy objectives of the European Central Bank‚ Greece’s monetary policy maintains the primary objective of achieving price stability. This general objective has been quantified as achieving an inflation rate below‚ but close to‚ to 2% on the medium term. 2) Operating
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Monetary Policy and the Financial Crisis of 2007-2008 Stephen G. Cecchetti* Revised 3 April 2008 *This essay was written while the author was the Barbara and Richard M. Rosenberg Professor of Global Finance‚ Brandeis International Business School; and a Research Associate‚ National Bureau of Economic Research. Note that as this draft was written‚ events were continuing to unfold. Hopefully‚ what I have written in February and March 2008 remains accurate. Among the vast number of people I spoke
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APPRAISAL OF THE ECONOMIC IMPLICATION OF ELECTRONIC BANKING IN NIGERIA BANKS (A CASE STUDY OF DIAMOND BANK PLC NIGERIA) CHAPTER ONE 1.1 BACKGROUND OF THE STUDY Before the emergence of modern banking system‚ banking operation was manually done which lead to a slow down in settlement of transactions. This manual system involves posting transactions from one ledger to another which human handles. Figures or counting of money which should be done through computers
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