Econometric model of Singapore money market.

• المؤلف الرئيسي: Sng, Zhizhong.
• مؤلفون آخرون: Choy Keen Meng
• التنسيق: Final Year Project
• اللغة: English
• منشور في: 2009
• الموضوعات: DRNTU::Social sciences::Economic development::Singapore; DRNTU::Social sciences::Economic theory::Money and banking
• الوصول للمادة أونلاين: http://hdl.handle.net/10356/14982
• المؤسسة: Nanyang Technological University

The purpose of the report is to find the determinants of Singapore’s money demand and money supply using data from 1985:Q2 to 2008:Q3. The econometric methodology used is cointegration and error-correction modeling. It is found that all the time series data used are non-stationary except for interest rate. Furthermore, both money demand and money supply are cointegrated with their respective explanatory variables. The empirical results suggest that the exchange rate is the main determinant for both money demand and money supply.