Iceland’s Guðmundsson backs MAS-style stability model

Mar Gudmundsson

Már Guðmundsson, governor of the Central Bank of Iceland, has said Singapore's model of monetary policy and regulation provides a good method of maintaining financial stability.

In an interview published today in Central Banking Journal, Guðmundsson said both Singapore and Asia more generally had learned the lessons of the Asian financial crisis in 1997 when the global financial crisis of 2008 hit.

Particularly important was to lean against capital flows. "The lesson for small, open economies

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