Financial, Exchange Rate, and Wage Policies in Singapore, 1979-1886

This paper discusses the unique aspects of Singapore’s financial, exchange rate, and wage policies during the period 1979-86, and attempts to quantify the impact of alternative policies on major macroeconomic variables. For this purpose, a simple short-term model is formulated and estimated, and var...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1988
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Financial, Exchange Rate, and Wage Policies in Singapore, 1979-1886 
260 |a Washington, D.C.  |b International Monetary Fund  |c 1988 
300 |a 28 pages 
651 4 |a Singapore 
653 |a Labor costs 
653 |a Foreign exchange reserves 
653 |a Labour 
653 |a Wages, Compensation, and Labor Costs: General 
653 |a Exchange rate adjustments 
653 |a Currency 
653 |a Factor Movement 
653 |a Labor 
653 |a Central banks 
653 |a Foreign Exchange 
653 |a International reserves 
653 |a Banks and Banking 
653 |a Foreign Exchange Policy 
653 |a Exchange rate policy 
653 |a Development Planning and Policy: Trade Policy 
653 |a Banking 
653 |a Exchange rates 
653 |a Monetary Policy 
653 |a Income economics 
653 |a Foreign exchange 
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490 0 |a IMF Working Papers 
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520 |a This paper discusses the unique aspects of Singapore’s financial, exchange rate, and wage policies during the period 1979-86, and attempts to quantify the impact of alternative policies on major macroeconomic variables. For this purpose, a simple short-term model is formulated and estimated, and various policy simulations conducted. It is found that the wage policy pursued by the authorities in the early 1980s played a significant role in influencing output and prices and that an appropriate wage policy is complementary to exchange rate policy in maintaining external competitiveness in Singapore