Difference between revisions of "Group 8 Overview"
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Singapore has adopted a market-oriented currency system since 1985. To ensure better control over economic measures such as inflation and import/export prices, the Monetary Authority of Singapore (MAS) has been set up to monitor the various exchange rates between the Singapore Dollar (SGD) and other important countries who are Singapore's trading partners. | Singapore has adopted a market-oriented currency system since 1985. To ensure better control over economic measures such as inflation and import/export prices, the Monetary Authority of Singapore (MAS) has been set up to monitor the various exchange rates between the Singapore Dollar (SGD) and other important countries who are Singapore's trading partners. | ||
| − | MAS allows the SGD to rise or fall against a secretive basket of currencies, only intervening when necessary to keep the particular exchange rate within an unspecified | + | MAS allows the SGD to rise or fall against a secretive basket of currencies, only intervening when necessary to keep the particular exchange rate within an unspecified monitoring policy band. The reason why there is sparse information about the basket of currencies and band value ranges is to deter any form of currency speculation. Based on the needs of the current appreciation or depreciation of the Singapore Dollar, MAS adjusts the slope, width and centre of this monitoring policy band. The exchange rate that MAS targets is also trade-weighted, so the currencies of bigger trading partners of Singapore will bear more weight in the equation. |
MAS policies and the floating exchange rates have great bearing upon Singapore's economic history and future, so it is beneficial to explore the deep repercussions that these changes bring to the country. Important information such as the Import/Export prices and Consumer Price Index can help to illustrate this complex economic relationship. | MAS policies and the floating exchange rates have great bearing upon Singapore's economic history and future, so it is beneficial to explore the deep repercussions that these changes bring to the country. Important information such as the Import/Export prices and Consumer Price Index can help to illustrate this complex economic relationship. | ||
Revision as of 14:09, 18 October 2017
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Background
Singapore has adopted a market-oriented currency system since 1985. To ensure better control over economic measures such as inflation and import/export prices, the Monetary Authority of Singapore (MAS) has been set up to monitor the various exchange rates between the Singapore Dollar (SGD) and other important countries who are Singapore's trading partners.
MAS allows the SGD to rise or fall against a secretive basket of currencies, only intervening when necessary to keep the particular exchange rate within an unspecified monitoring policy band. The reason why there is sparse information about the basket of currencies and band value ranges is to deter any form of currency speculation. Based on the needs of the current appreciation or depreciation of the Singapore Dollar, MAS adjusts the slope, width and centre of this monitoring policy band. The exchange rate that MAS targets is also trade-weighted, so the currencies of bigger trading partners of Singapore will bear more weight in the equation.
MAS policies and the floating exchange rates have great bearing upon Singapore's economic history and future, so it is beneficial to explore the deep repercussions that these changes bring to the country. Important information such as the Import/Export prices and Consumer Price Index can help to illustrate this complex economic relationship.
CPI <What and why>
Singapore's Import/Export Market <What and why>
Motivation
Terrorism has been on the rise since the late 1900s to today. Using the open-source Global Terrorism Database (GTD), we hope to explore and visualize the various trends of terrorism events around the world. We hope to understand the nature of these events using information such as the date and location of the incident, the weapons used, the number of casualties, and the group or individual responsible for these events.
Objectives
1. Provide interactive platform for data analysis
2. Represent terrorism data in easy to understand visualizations.
3. Discover insights that can be derived from visualizations.
Data Source
The dataset is provided by the National Consortium for the Study of Terrorism and Responses to Terrorism (START) with an aim of increasing public attention of terrorist violence and finding ways to defeat terrorism.
The dataset contains information about global terrorist events from 1970 till 2016, with systematic data on domestic as well as more than 170,000 cases of transnational and international terrorist incidents. For each GTD incident, information is available on the date and location of the incident, the weapons used and nature of the target, the number of casualties, and--when identifiable--the group or individual responsible.
Deliverables
Analysis will be provided in the form of a visualization platform.
Users will be able to make changes to various parameters to do exploratory analysis.
Graphs and charts will be used to showcase the various differences and correlations of data.
Main packages used will be ggplot2 and R Shiny.
References
1. https://secure.mas.gov.sg/msb/ExchangeRates.aspx
2. https://insights-ceicdata-com.libproxy.smu.edu.sg/Untitled-insight/views
