The Monetary Authority of Singapore : its establishment, growth and changing role

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...

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Bibliographic Details
Main Authors: Maysami, Ramin Cooper, Tan, Shirley
Other Authors: Nanyang Business School
Format: Case Study
Language:English
Published: 2013
Subjects:
Online Access:https://hdl.handle.net/10356/100191
http://hdl.handle.net/10220/13571
http://www.asiacase.com/case/ntuAbcc/mas.html
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Institution: Nanyang Technological University
Language: English
Description
Summary: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. Period covered 1965 – 2003