The first edition of the book was published in 1974, and received a book award for best non-fiction in English presented by the National Book Development Council of Singapore in 1976, while the Second Edition published in 1986, saw much more econometric-statistical analysis. This Third Edition highlights the role of banking and finance in the economic development of Singapore and Malaysia; recent developments in Singapore and Malaysia are analysed; and special topics are presented in Epilogues 1 and 2.(5) In comparing the three equations, demand for M, function shows much better performance than the other demand functions for M2 and M, , which exhibit instability with reference to ... It can be argued that M^currency in active circulation plus demand deposits) is related to the transaction function of money ... The flow of savings funds into banks, or financial institutions (POSB and finance companies), anbsp;...
|Title||:||The Monetary and Banking Development of Singapore and Malaysia|
|Publisher||:||Singapore University Press - 1990|