Monetary Authority of Singapore (MAS) is responsible for monetary policy in the country, and its solutions are designed to support the overall strategy of the country's sustained economic growth, price stability. MAS has been very successful in the management of exchange rates using a managed floating system, which allows more flexibility than a fixed exchange rate, but less than the volatility of the exchange rate to float freely. After the Asian financial crisis, Dr Khor Hoe Ee and his team must decide whether to continue to manage exchange rates through the managed float, or alternative monetary policy would be more effective in support of the Singapore economic goals. "Hide
by Mihir A. Desai, Mark F. Veblen Source: Harvard Business School 25 pages. Publication Date: January 6, 2004. Prod. #: 204037-PDF-ENG
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