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29-01-2015, 06:14 PM
(This post was last modified: 29-01-2015, 06:15 PM by AlphaQuant.)
(29-01-2015, 09:20 AM)gzbkel Wrote: I understand the general idea, but not the part about "slope, width and center of the band."The Business Times actually had a graphic to explain it quite nicely
http://www.businesstimes.com.sg/sites/de...0works.pdf
the downloadable file attached (in case the url is invalid):
How Singapore's monetary policy works.pdf (Size: 698.25 KB / Downloads: 17)
For blokes more interested, there's a pretty neat monograph from MAS in 2013, explaining the linkage between the banks, SGD liquidity, repos, fxswaps, sterilisation via SGS etc - quite a read but concise enough i think.
http://www.mas.gov.sg/~/media/MAS/About%...ograph.pdf