The MAS is critical to the functioning of the government and the stability of the country. As a result, risk management is significantly influenced as a result of this. Therefore, the central bank has significant influence on interest rates and currency supply, as well as on security costs and credit availability, to name a few areas of influence. 'Autonomous central banks may execute a wide range of duties and have influence on a country's financial and economic stability,' says the World Bank.
Reference:
“Bis.org. 2022. [online] Available at: [Accessed 23 March 2022].”
Delphix. 2022. MAS Singapore. [online] Available at: [Accessed 23 March 2022].
“2022. [online] Available at: [Accessed 23 March 2022].”
“Csrc.nist.gov. 2022. NIST Risk Management Framework | CSRC. [online] Available at: [Accessed 23 March 2022].”
“Tradingeconomics.com. 2022. Singapore Average Overnight Interest Rate - 2022 Data - 1988-2021 Historical. [online] Available at: [Accessed 23 M arch 2022].”
“Mas.gov.sg. 2022. [online] Available at: [Accessed 23 March 2022].”
Do'stlaringiz bilan baham: |