01786cas a2200241 a 4500 AALejournalIMF006015 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451834307 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Singapore : 2009 Article IV Consultation; Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Singapore. Washington, D.C. : International Monetary Fund, 2009. 1 online resource (45 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This 2009 Article IV Consultation highlights that Singapore has been severely affected by the global downturn. The collapse in external demand has led to a sharp contraction in GDP, which fell by almost 13 percent in the first quarter of 2009. Executive Directors have observed that the floating exchange rate regime has served Singapore well, and that the exchange-rate centered monetary policy framework has been an important source of stability in times of turbulence. They have commended the authorities for proactively implementing a series of measures to safeguard the stability of the financial system. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2009/269 Full text available on IMF http://elibrary.imf.org/view/journals/002/2009/269/002.2009.issue-269-en.xml IMF e-Library