Taiwan academics call for central bank reform

Academica Sinica says the central bank could invest part of its foreign reserves into a SWF

The Central Bank of the Republic of China (Taiwan), Taipei
The Central Bank of the Republic of China (Taiwan), Taipei
Kao Kuoen

Taiwan’s top government-funded research institute has called on the government to reform the central bank by learning from the US Federal Reserve and the Monetary Authority of Singapore (MAS).

In a white paper published on August 8, Academica Sinica proposes a raft of measures aimed at improving the Central Bank of the Republic of China’s (CBRC’s) monetary and financial system, as well as boosting the self-ruled island’s capital market.

The past two decades between 2001 and 2019 were Taiwan’s

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