Economic Essays are short research or analytical pieces by the economists and visiting academics in the Economic Policy Group. Each essay analysies issues of current interest.
Latest Economic Essay
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Exchange Rate Policy Beyond the Trilemma
This essay by Dmitry Mukhin discusses how financial market frictions, foreign exchange intervention and fiscal policy shape the optimal design of exchange rates in open economies. The views expressed herein are those of the author and should not be attributed to MAS.
MAS Staff Papers analyse issues of current interest. The opinions expressed in the paper are those of the author(s) and not of MAS.
Latest Staff Paper
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Asian Capital Flows and the Global Financial Cycle
Chris, Walker, Alex Phua, and Wei Xiong. 2025. "Asian Capital Flows and the Global Financial Cycle" MAS Staff Paper, no. 2025/2