Wong, Kum-poh - In: The Singapore economic review : journal of the Economic … 33 (1988) 1, pp. 40-67
The author formulates and derives the multipliers for all three monetary aggregates in Singapore (M1, M2 and M3), and estimates values of their parameters for the period 1970-87 using end of year data. It is shown that net capital inflow has been the primary source of liquidity growth in the...