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|Title:||Currency crises and the modified currency board system in Singapore|
|Citation:||Chan, K.S.,Ngiam, K.-J. (1998). Currency crises and the modified currency board system in Singapore. Pacific Economic Review 3 (3) : 243-263. ScholarBank@NUS Repository.|
|Abstract:||This paper argues that the currency board system, while ideal for developing countries, will need to be modified for the more advanced developing countries like Singapore. Serious conflicts between internal and external targets could be minimized if it is modified by allowing some flexibility in the exchange rate. Lessons from Singapore on controlling inflation and warding off currency attacks were drawn to support the argument.|
|Source Title:||Pacific Economic Review|
|Appears in Collections:||Staff Publications|
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