Monetary Authority of Singapore (MAS)
is the central bank of Singapore. It formulates and executes Singapore's
monetary policy, and issues Singapore currency. As banker and financial
agent to the Government, MAS manages the country's official foreign reserves
and issues government securities. As supervisor and regulator of Singapore's
financial services sector, MAS has prudential oversight over the banking,
securities, futures and insurance industries. It is also responsible for the
development and promotion of Singapore as an international financial centre.
To promote sustained non-inflationary economic growth, and a sound and
progressive financial centre.
- To conduct monetary policy and issue
currency, and to manage the official foreign reserves and the issuance
of government securities;
- To supervise the banking, insurance,
securities and futures industries, and develop strategies in partnership
with the private sector to promote Singapore as an international
financial centre; and
- To build a cohesive and integrated
organisation of excellence.
To support its mission to set economic policy for Singapore, the Monetary
Authority has an extensive research program employing experts and scholars
to study Singapore and the region. They produce a range of publications,
from daily market commentary to consumer advice to scholarly research.
Asia-Studies carries the full-text of the following MAS publication series:
- The Financial Stability Review (FSR)
analyses the risks and vulnerabilities arising from developments in
Singapore and the global economy and assesses their implications for the
soundness and stability of the financial system. The FSR aims to
contribute to a greater understanding and exchange of views among market
participants, analysts and the public on issues affecting Singapore's
- MAS Information Papers highlight key
trends, developments or practices in the financial sector. The papers
are not prescriptive in nature; the objective is to help disseminate
information and enhance understanding of current issues.
- The Macroeconomic Review is published
twice a year in conjunction with the release of the MAS Monetary Policy
Statement (MPS). The purpose of the Review is to provide information on
the Economic Policy Department's background analysis and assessment of
GDP growth and inflation developments in the Singapore economy, and in
doing so, to share with market participants, analysts, and the wider
public the basis for the policy decision articulated in the MPS.
- MAS Staff Papers analyse issues of
current interest. The opinions expressed in the paper are those of the
author(s) and not of the MAS.
- The MAS Survey of Professional
Forecasters provides a summary of forecasts of Singapore's key economic
indicators by economists and analysts. The survey is conducted quarterly
following the release of economic data for the previous quarter by the
Ministry of Trade and Industry.
- Other Research Papers
For further information, please visit
Authority of Singapore.