Resilience, Dynamism, Trust:50 Landmark Statements by MAS Leaders

The Monetary Authority of Singapore (MAS) is Singapore's central bank and integrated financial regulator. As a central bank, MAS promotes sustained, non-inflationary economic growth through the conduct of monetary policy and close macroeconomic surveillance and analysis. It manages Singapore's exchange rate, official foreign reserves, and liquidity in the banking sector. As an integrated financial supervisor, MAS fosters a sound financial services sector through its prudential oversight of all financial institutions in Singapore — banks, insurers, capital market intermediaries, financial advisors and financial market infrastructures. It is also responsible for well-functioning financial markets, sound conduct, and investor education. MAS also works with the financial industry to promote Singapore as a dynamic international financial centre. It facilitates the development of infrastructures, adoption of technology, and upgrading of skills in the financial industry.This 50th anniversary compilation provides convenient access to the thinking behind MAS' policies and strategies as they have evolved, through 50 landmark statements by its leaders.
Contents:

Foreword:
A Perennial Goal: Coupling Prudence with Innovation (Tharman Shanmugaratnam)
MAS Leaders
List of Abbreviations
Evolution of a Central Bank:
Establishing the Monetary Authority of Singapore (Hon Sui Sen)
Why a Currency Board? (Goh Keng Swee)
Prudence, Stability, Confidence: The Fundamentals of Good Government and Sound Central Banking (Goh Chok Tong)
Macroeconomic Policies in Singapore: Principles, Milestones and Future Prospects (Richard Hu)
Credibility, Confidence, Dynamism: MAS in the New Economic and Financial Landscape (Lee Hsien Loong)
MAS at Forty: Past Contributions, Future Challenges (Lee Hsien Loong)
Building Credibility (Tharman Shanmugaratnam)
Monetary Policy and Reserve Management:
How to Cope with Inflation with Particular Reference to Singapore (Michael Wong Pakshong)
Which of the Monetary Aggregates Does MAS Watch? (Goh Keng Swee)
Why a Strong Singapore Dollar? (Goh Keng Swee)
Exchange Rate Policy: Philosophy and Conduct over the Past Decade (Teh Kok Peng and Tharman Shanmugaratnam)
MAS Merges with Board of Commissioners of Currency, Singapore (Lim Hng Kiang)
Asian Monetary Integration: Will It Ever Happen? (Tharman Shanmugaratnam)
Getting in All the Cracks or Targeting the Cracks? Securing Financial Stability in the Post-Crisis Era (Ravi Menon)
How Singapore Manages Its Reserves (Ravi Menon)
Financial Regulation and Supervision:
Supervision of a Regional Financial Centre (Michael Wong Pakshong)
Regulation and Development of the General Insurance Industry (Law Song Keng)
Strengthening the Framework for Banking Supervision (Goh Keng Swee)
Recent Turbulence in the Stockbroking Industry and Lessons for Supervision (J Y Pillay)
The Role of a Financial Futures Exchange (J Y Pillay)
The Regulation and Development of Financial Markets (Richard Hu)
Derivatives Trading and the Importance of Risk Management in Banks (Lee Ek Tieng)
New Approach to Regulating and Developing Singapore's Financial Sector (Lee Hsien Loong)
Financial Supervision in the New Millennium (Koh Yong Guan)
Separation of Financial and Non-Financial Activities of Banking Groups (Lee Hsien Loong)