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Asian Financial Crisis – Causes & Policy Responses
The Asian Financial Crisis, also known as the "Asian Contagion," was a period of financial turmoil that originated in Thailand in 1997 and spread to several other countries in East and Southeast Asia. The crisis was triggered by a number of factors, including high...
JC Economics Essay Series #101 – Internal & External Sources of Economic Growth
JC Economics Essay Internal & External Sources of Economic Growth Model Answers US-China decoupling: If the decoupling between the world’s two largest economies were to continue gradually, China may find herself needing to rely more on her internal sources of...
JC Economics Essay Series #100 – Modest & Gradual Appreciation of S$ and Macroeconomic Issues
JC economic Essay Modest & Gradual Appreciation of S$ and Macroeconomic Issues Model Answers When times are good, Monetary Authority of Singapore (MAS), the de-factor Central Bank of Singapore, has always aimed to maintain a modest & gradual appreciation of...
JC Economics Essay Series #99 – Zero Rate Appreciation & Global Financial Crisis
JC economic Essay Zero Rate Appreciation & Global Financial Crisis Model Answers During the 2009 global financial crisis and even the COVID-19 health and economic crisis, the de-facto central bank of S'pore, the Monetary Authority of Singapore (MAS), chose to...
JC Economics Essay Series #98 – Worldwide Recession & Limitations of Discretionary Expansionary Fiscal Policy
JC Economics Essay Worldwide Recession & Limitations of Discretionary Expansionary Fiscal Policy Model Answers In Macroeconomics, a discretionary fiscal policy constitute changes in government spending (G) and taxation (T) that need specific approval from...
JC Economics Essay Series #97 – Capital Account Deficit & Exchange-Rate Centred Monetary Policy
JC Econs Essay Capital Account Deficit & Exchange-Rate Centred Monetary Policy Model Answers In Singapore, her balance of payments is split into Current Account Balance, Capital and Financial Account Balance (aka Capital Account) and (Foreign) Reserve Assets...
JC Economics Essay Series #96 – China’s Decoupling & Macro Policies
JC Economics Essay China's Decoupling & Macro Policies Model Answers Over 2-3 decades, China’s role in global trade has increased significantly. With several economic reforms starting in the early 80s, trade relationships between the euro area and China have...
JC Economics Essay Series #95 – Cross Elasticity of Demand & Related Markets
JC Econs Essay Cross Elasticity of Demand & Related Markets Model Answers An e-book reader, also called an e-reader, electronic book reader, or e-book device, is a mobile electronic device that is designed mainly for the purpose of reading digital e-books,...
JC Economics Essay Series #94 – Supply Side Policies & Market Structures
JC Economics Essay Supply Side Policies & Market Structures Model Answers A post Covid-19 Singapore is one that accelerates transformation in the digital space to offer unlimited opportunities for its businesses and citizens, ato emerge stronger and sustainable...