Monetary Authority Of Singapore: Its Establishment, Growth And Changing Role By Ramin Cooper Maysami & Shirley Tan

Publisher Ref No:	ABCC-2003-014	Pub/Rev Date:	2003
Industry:	Government	Case Length:	12 pages
Teaching Note Ref:	-	Teaching Note:	-
Organisation:	Monetary Authority of Singapore	Period Covered:	1965 - 2003
Country:	Singapore	Level:	Undergraduate/ Postgraduate

Publisher:

The Asian Business Case Centre, Nanyang Technological University

Abstract

The Monetary Authority of Singapore (MAS) was established in 1971 to perform essentially all the functions of a central bank except currency issuance that remained under the jurisdiction of the Board of Commissioners of Currency.

It was responsible for implementing monetary policies, supervising financial activities in the country, and being adviser, banker, and financial agent to the Singapore government. In October 2002, the Board of Commissioners of Currency was integrated into MAS as its currency department. This case documents the rationales for the establishment, growth and development of MAS and delineates its changing role during the last three decades in the face of rapid financial liberalisation and banking reform in Singapore.

Issues: Central Bank Independence, Banking Reforms

About the Authors