Barnett, William A.; Nguyen, Van H. - In: Journal of Risk and Financial Management 14 (2021) 8, pp. 1-15
Singapore, this paper applies the user cost of money formula and the recently developed credit-card-augmented Divisia monetary … before the year 2000, while interest rates were high. Credit-card-augmented Divisia monetary services move closely with the … conventional Divisia monetary aggregates, since the volume of credit card transactions in Singapore is relatively small compared …