Could MAS’s Policy hit the dual targets of welfare maximization and sustainability? Definitely!

Climate-related risks have received growing attention from policy makers in recent years (Dikau and Volz, 2021; Muller, 2021), and central banks and other stakeholders within the financial sector are believed to be better able to promote a sustainability agenda through the use of various initiatives. This article reviews the latest initiatives by Singapore’s financial sector […]

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The Junction of China’s Welfare Spending and Fiscal Sustainability

Debt levels in China are believed to be sustainable at a national level, but a closer look at provincial level data, flags up potential causes for concern. Prior to the Global Financial Crisis, there was a consensus that China was fiscally sustainable with both foreign and domestic debt taken into consideration. This is because the […]

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