Download or read book Challenges for the Singapore Economy After the Global Financial Crisis written by Peter Wilson and published by World Scientific. This book was released on 2011 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a collection of invited and selected papers from the Singapore Economic Policy Forum 2009 around a central theme, Challenges Facing Singapore in the Post-Crisis Era and Policy Responses. There are very few books on the Singapore economy. This one is largely non-technical in nature and brings the reader up to speed on the key issues facing policymakers in Singapore in the wake of the worst financial crisis since the Great Depression. The contributors are all experts in their field and have extensive experience of the Singapore economy. The book also offers an international dimension to look at the role of China in the Asian economy and the impact on Asia of reforms to the international financial architecture.

Download or read book Road to Recovery written by Sanchita Basu Das and published by Institute of Southeast Asian Studies. This book was released on 2010-08-03 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: Singapore had been one of the nations severely affected by the 2008-09 global financial and economic crisis. The city state came under pressure through the financial, trade, and confidence channels. To counter these shocks, Singapore policymakers undertook unprecedented monetary and fiscal policy measures. They subsequently charted a revival strategy that would help the country emerge stronger after the crisis. These all-encompassing policies together with the global economic recovery in 2009 helped the city state bounce back faster and stronger than many other regional economies. This book provides an insight into the events that occurred during the crisis and Singapore's successful navigation to economic recovery. "Although much has been written about the global financial crisis of 2008-09, not enough has been said about how it affected Singapore and the policy response. In this highly readable book, Sanchita Basu Das fills this gap, explaining how the crisis rippled through the Singapore economy via trade channels, the financial sector, and asset markets. But the greatest strength of this volume is its comprehensive account of the extraordinary measures Singapore put in place to deal pre-emptively with what could have been huge declines in output and employment in the face of the collapse of trade and credit flows. Singapore's multi-pronged approach, and especially the fiscal support and loan guarantees contained in the 2009 budget, must go down as one of the boldest and most creative policy responses to a crisis. It is a valuable lesson to economics students and practitioners alike. This book gives you the full story." Vikram Khanna Associate Editor The Business Times "Sanchita Basu Das is to be congratulated for providing a fascinating, accessible, and forward-looking analysis of Singapore's response to the global economic crisis of 2008-09. As a highly trade-dependent economy, Singapore was hit hard by these events. But the government was nimble and quick to react. The author describes and evaluates this response, and draws out general lessons for crisis management and mitigation in small open economies. Highly recommended." Hal Hill H.W. Arndt Professor of Southeast Asian Economies Australian National University. "This is a comprehensive account of the impact of the global financial crisis on Singapore -- one of the most open economies in the world -- and policy responses by the government and central bank. The book identifies the need to move to a more knowledge-intensive economy as the key policy challenge for post-crisis Singapore." Masahiro Kawai Dean and CEO Asian Development Bank Institute "Singapore was affected disproportionately by the global economic crisis of 2008-09. While it is currently rebounding impressively, government officials and the private sector would do well to learn from the crisis experience in devising future policies. Moreover, the Singapore experience is instructive as to how external economic shocks can be transmitted to open economies and, hence, has great relevance beyond its borders. This book by Sanchita Basu Das gives a comprehensive survey of Singapore in crisis and provides a wealth of information and insightful analysis, using clear, non-technical language. It is extremely useful contribution to scholars, policymakers, and other students of Asian economics." Michael G. Plummer Organisation for Economic Co-operation and Development (OECD)

Download or read book Singapore and Asia written by Hui Ying Sng and published by World Scientific. This book was released on 2010 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is an annual effort by the economists at the Nanyang Technological University to provide analysis, interpretations and insights of contemporary economic issues affecting Singapore and Asia. It covers two key themes: (1) Global Financial Tsunami and (2) other economic issues affecting Singapore and Asia. The Global Financial Tsunami is currently ravaging the world financial systems and the world economy. The authors brilliantly tackle pertinent issues such as fiscal and monetary management of the current crisis, impacts of the crisis on the Singapore and Asian economies, policy measures implemented by Singapore and other countries to combat the crisis, and regional efforts to mitigate the adverse impacts of the crisis. A wide range of important economic issues affecting Singapore and Asia, including inflation, exchange rate, workfare, environmental economics, population and worth of human life in Singapore are addressed competently. The chapters build on economic and analytical frameworks to help readers better understand the economic and policy issues discussed. Sample Chapter(s). Foreword (53 KB). Chapter 1: The Deepening Global Recession and the Great Depression Fear (252 KB). Contents: Economic Analysis of the Global Financial Tsunami: The Deepening Global Recession and the Great Depression Fear (C Y Lim); The Surprising Resurgence of Fiscal Policy (S M Sheffrin); The Global Financial Tsunami: Implications for East Asian Economics (K Y Tan); Global Financial Tsunami: Can the Industrial Relations Mechanism Save Singapore This Time Around? (R Chew); The On-going Global Financial Crisis and Asian Regionalism (P B Rana); Global Economic Crisis and Energy Security: Integrated Energy Market (Y-H Chang); Economic and Policy Issues: Singapore Growth Model: Its Strengths and Its Weaknesses (C Y Lim); The Role of Competition in Singapore: A Complexity Point of View (C L Lam); Inflation, Exchange Rate and the Singapore Economy: A Policy Simulation (K M Choy & T Abeysinghe); Workfare, Not Welfare: An Exploration of International Experiences and Policy Implications for Singapore (K Adireksombat); What is Human Life Worth? (E Quah et al.); Is the Environment a Game? Game Theoretical Analysis of the Kyoto Protocol (E G S Teo). Readership: Undergraduates and general public interested in economic issues affecting Singapore and Asian Economies.

Download or read book Crisis Management And Public Policy Singapore s Approach To Economic Resilience written by Hui Ying Sng and published by World Scientific. This book was released on 2011-06-10 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is an annual effort by the economists from the Nanyang Technological University to provide analysis, interpretations and insights on contemporary economic issues affecting Singapore.In 2010, Singapore's economy was just recovering from the sharp economic downturn in 2008/09 caused by the Global Financial Crisis. The global economic outlook in the short and medium term remained uncertain and the risk of another economic or financial crisis remains high. Thus, one of the key themes of this book is to study economic crises and financial crises, and the policy measures that are available to manage them.Looking ahead, in order to ensure long term growth and prosperity for Singapore's economy, microeconomic policy adjustments and fine-tuning is still needed to build a competitive and resilient nation. Therefore, the second key theme of the book is to review several public policies in Singapore, such as competition, healthcare, training, free trade agreements, state capitalism and inequality.

Download or read book Singapore and Asia in a Globalized World written by Wai Mun Chia and published by World Scientific. This book was released on 2009 with total page 231 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a spin-off from a highly successful seminar series jointly organized by the Division of Economics of the Nanyang Technological University (NTU) and the Ministry of Education (MOE) of Singapore. The seminars discuss contemporary domestic and regional economic issues and public policies that are relevant to the everyday lives of Singaporeans. The wish to introduce these economic issues to a broader audience outside the confinement of a lecture theatre, came to fruition, with the completion of this book.This book contains 13 chapters that are grouped under three sections. Under the section, OC Public Policies and Economic Issues of SingaporeOCO, Singapore''s public policies in the areas of healthcare, Central Provident Fund, and monetary policy are explored, as well as issues concerning Singapore''s economic development, such as economic transformation, innovation and capital accumulation are discussed. The second section, OC Singapore and the Region in a Globalized WorldOCO, looks at the challenges and opportunities presented to Singapore and the region in an increasingly globalized world. Current issues on the sub-prime crisis and Asian monetary integration are also discussed. The last section, OC Other Economic IssuesOCO, consists of papers in specific areas such as economics of medical decisions, economics of love, and the role of exchange rates in foreign direct investment.

Download or read book Singapore And Asia In A Globalized World Contemporary Economic Issues And Policies written by Wai Mun Chia and published by World Scientific. This book was released on 2008-10-30 with total page 231 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a spin-off from a highly successful seminar series jointly organized by the Division of Economics of the Nanyang Technological University (NTU) and the Ministry of Education (MOE) of Singapore. The seminars discuss contemporary domestic and regional economic issues and public policies that are relevant to the everyday lives of Singaporeans. The wish to introduce these economic issues to a broader audience outside the confinement of a lecture theatre, came to fruition, with the completion of this book.This book contains 13 chapters that are grouped under three sections. Under the section, “Public Policies and Economic Issues of Singapore”, Singapore's public policies in the areas of healthcare, Central Provident Fund, and monetary policy are explored, as well as issues concerning Singapore's economic development, such as economic transformation, innovation and capital accumulation are discussed. The second section, “Singapore and the Region in a Globalized World”, looks at the challenges and opportunities presented to Singapore and the region in an increasingly globalized world. Current issues on the sub-prime crisis and Asian monetary integration are also discussed. The last section, “Other Economic Issues”, consists of papers in specific areas such as economics of medical decisions, economics of love, and the role of exchange rates in foreign direct investment.

Download or read book The World Economy After the Global Crisis written by Barry J. Eichengreen and published by World Scientific. This book was released on 2012 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global credit crisis of 2008 2009 was the most serious shock to the world economy in fully 80 years. It was for the world as a whole what the Asian crisis of 1997 1998 was for emerging markets: a profoundly alarming wake-up call. By laying bare the fragility of global markets, it raised troubling questions about the operation of our deeply integrated world economy. It cast doubt on the efficacy of the dominant mode of light-touch financial regulation and more generally on the efficacy of the prevailing commitment to economic and financial liberalization. It challenged the managerial capacity of inherited institutions of global governance. And it augured a changing of the guard, pointing to the possibility that the economies that had been the leaders in the "global growth stakes" in the past might no longer be the leaders in the future. What the crisis means for reform, however, is still unclear. This book brings together leading scholars and policy analysts to describe and weigh the options. Successive chapters assess options for the global financial system, the global trading system, the international monetary system, and the Group of 20 and global governance. A final set of chapters contemplates the policy challenges for emerging markets and the advanced economies in the wake of the financial crisis.

Download or read book Singapore written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2017-07-28 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper outlines that the banking sector remains healthy, backed by high capital, liquidity, provisioning and profitability ratios. Sector-wide nonperforming loans (NPLs) have increased slightly (to 2 percent in 2017:Q1), due largely to stresses in the Oil and Gas (O&G) services sector. Banks have responded by increasing provisions (using forward-looking measures of impairment) and restructuring their loans. Overall, the banking sector is well-positioned to withstand shocks. Capital and liquidity positions are sufficiently strong and well above regulatory requirements. Capital and liquidity positions of the local banking groups remain strong. Liquidity coverage ratios (LCR) of all three major banks remained high and rose in 2016:Q4, remaining well above the regulatory limits. The turnaround in bank’s profitability (especially the strong performance in 2017:Q1) is attributed to two factors: an acceleration in credit growth and increases in fee income from wealth management services. Local banks have been a key factor behind the wealth management sector’s growth and its main beneficiary.

Download or read book Challenges to Singapore from the Global Financial Crisis written by Hans Tjio and published by . This book was released on 2014 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Securitisation, which involved shifting assets off balance sheets, inadvertently led to the creation of even greater risks that were packaged into toxic instruments that brought down a number of large financial institutions. In Singapore, however, the risks of the U.S. housing market collapse and consequent mortgage and financial institution default were largely moved out of the banking sector and sold to the public. In that sense, corporate/securities laws fulfilled the purpose of disintermediation. But while these insulated Singapore banks, the losses were largely borne by investors, whose confidence in the securities market has been eroded. The article discusses the legal and regulatory changes that have been made in response to the crisis, and suggests further trends and reforms dealing with its aftermath from financial and economic perspectives.

Download or read book Singapore Inc written by Linda Low and published by . This book was released on 2001 with total page 446 pages. Available in PDF, EPUB and Kindle. Book excerpt: Singapore's quick recovery from the recent economic crisis is attributed to its strong public policies. This book suggests further strengthening of the country's public policy in order to improve its competitive edge in the 21st century. The policy issues discussed fall into four broad categories: Economic and Technological Policy includes an analysis of how the Singapore economy fared under the recent regional economic crisis and explores how it meets the twin calls of globalisation and regionalisation. Fiscal and Regulatory Policy includes a discussion of current trends in government revenue and expenditure policy, and the country\rquote s regional role in containing land/forest fires in Southeast Asia. Resource Development and Management Policy discusses the issue among others, of the human resource and employment challenges Singapore faces in the context of the knowledge-based economy. Educational and Social Policy includes a description on how overseas education augments and complements local education in Singapore.

Download or read book A Decade after the Global Recession written by M. Ayhan Kose and published by World Bank Publications. This book was released on 2021-03-19 with total page 475 pages. Available in PDF, EPUB and Kindle. Book excerpt: This year marks the tenth anniversary of the 2009 global recession. Most emerging market and developing economies weathered the global recession relatively well, in part by using the sizable fiscal and monetary policy ammunition accumulated during prior years of strong growth. However, their growth prospects have weakened since then, and many now have less policy space. This study provides the first comprehensive stocktaking of the past decade from the perspective of emerging market and developing economies. Many of these economies have now become more vulnerable to economic shocks. The study discusses lessons from the global recession and policy options for these economies to strengthen growth and prepare for the possibility of another global downturn.

Download or read book Resilience Dynamism Trust 50 Landmark Statements By Mas Leaders written by Monetary Authority Of Singapore and published by World Scientific. This book was released on 2021-10-04 with total page 522 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Monetary Authority of Singapore (MAS) is Singapore's central bank and integrated financial regulator. As a central bank, MAS promotes sustained, non-inflationary economic growth through the conduct of monetary policy and close macroeconomic surveillance and analysis. It manages Singapore's exchange rate, official foreign reserves, and liquidity in the banking sector. As an integrated financial supervisor, MAS fosters a sound financial services sector through its prudential oversight of all financial institutions in Singapore — banks, insurers, capital market intermediaries, financial advisors and financial market infrastructures. It is also responsible for well-functioning financial markets, sound conduct, and investor education. MAS also works with the financial industry to promote Singapore as a dynamic international financial centre. It facilitates the development of infrastructures, adoption of technology, and upgrading of skills in the financial industry.This 50th anniversary compilation provides convenient access to the thinking behind MAS' policies and strategies as they have evolved, through 50 landmark statements by its leaders.

Download or read book Asia and the Global Economic Crisis written by J. Dowling and published by Springer. This book was released on 2010-09-17 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an analysis of the global economic crisis from an Asian perspective. It examines the impacts of the policy measures adopted, the remaining challenges in rebalancing the global economy, the next steps in regional economic integration in Asia, and issues related to reform of the international financial architecture.

Download or read book Global Financial Crisis And Challenges For China written by Mu Yang and published by World Scientific. This book was released on 2012-07-25 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book analyzes the nature of Chinese economy which enables it to go through the financial tsunami pretty unscathed. It discusses the stimulus package designed by the Chinese government to keep the economy on course, as well as its results — both positive and negative aspects in the middle and long term.The 2008-09 financial crisis makes it very clear that we need a two-pronged approach to deal with the situation, namely governments need a) to take quick and decisive actions to stem any further deterioration in financial systems; b) to revamp their economies by refitting existing engines in the real economy. China, as the third largest economy in the world, and with its robust domestic consumption and a healthy financial system, is one of the most important drivers to pull the world out of recession.According to the Chinese leadership, China's main contribution is to keep its own economy running smoothly. In response to the crisis, the Beijing government has poured money into the following sectors: public housing, earthquake reconstruction, physical infrastructure, social security, education and healthcare. So far, the results have helped China to maintain the targeted high growth. Given the open nature of its economy, its high growth has also benefited other countries, thereby contributing to the global economy.The current crisis strengthens a trend that has emerged since the Asian financial crisis of 1997. And that is the enhanced economic integration of China with its East Asian neighbours and Southeast Asia. This augurs well for East Asian regionalism which may include the birth of Asian Monetary Fund.The global environment in the wake of the crisis poses new challenges to China, for example, in the form of shrinking size of its traditional export market in the USA and Europe. China needs to modify its strategy from previous export-oriented and investment-driven strategy into one with more emphasis on consumption. There is a lot of scope for China to embark on productive consumption such as cleaning up the environment, physical infrastructure, social security, education and healthcare. If done well, they will lay a firm basis for long-term economic development. It represents an occasion for China to embark on a nation-wide effort to upgrade its economy in the key sectors. At the same time, attention needs to be paid to improving economic-legal institutional framework to support China's role as a major global player.

Download or read book Singapore Economy in the 21st Century written by Ai Tee Koh and published by McGraw-Hill Companies. This book was released on 2002 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Singapore s Economic Development Retrospection And Reflections written by Linda Y C Lim and published by World Scientific. This book was released on 2015-12-30 with total page 333 pages. Available in PDF, EPUB and Kindle. Book excerpt: Singapore is known internationally for its successful economic development. Key to its economic successes is a variety of policies put into place over the past 50 years since its independence. Singapore's Economic Development: Retrospection and Reflections provides a retrospective analysis of independent Singapore's economic development, from the perspective of different policy domains each considered by different expert scholars in that particular field.The book is written by academic economists in a style that is accessible to non-experts. Each chapter includes reviews of past scholarship, current data on each policy area, and reflections on required or desirable future policy changes and outcomes.By examining the evolution of past and current policies which combined to make Singapore's development a success and exploring emerging developmental challenges, Singapore's Economic Development: Retrospection and Reflections gives readers a better understanding of Singapore's economic trajectory and future.

Download or read book The Singapore Economy Reconsidered written by Lawrence B. Krause and published by Institute of Southeast Asian Studies. This book was released on 1990-01-01 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study re-examines some of the issues, challenges and policy options facing the Singapore economy in the light of the 1985–86 recession. Particular attention is paid towards reappraising the role of the government as an entrepreneur in economic activity, in macro-economic management, in savings and investment, and in the labour market. This is done in the context of and alongside an assessment of Singapore’s linkages with the global economy and its future comparative advantage in a dynamic international environment.