Download or read book The Role for Counter cyclical Fiscal Policy in Singapore written by Leif Lybecker Eskesen and published by . This book was released on 2009 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: Singapore's policymakers have often used fiscal policy as a counter-cyclical tool. Empirical results based on a structural autoregression framework suggest that fiscal policy can be used for demand management, although the impact may be somewhat short lived. The short-lived impact could reflect a number of factors, including the absence of credit-constrained economic agents, a high propensity to save among households, monetary focus on price stability, and leakages due to economic openness. Notwithstanding, fiscal policy should still play a key stabilizing role in the current downturn given the downside risks to growth and the vast fiscal space.
Download or read book Fiscal System of Singapore written by and published by . This book was released on 1996 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Singapore s Fiscal Strategies For Growth A Journey Of Self reliance written by Kok Fatt Lee and published by World Scientific Publishing Company. This book was released on 2017-11-29 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: Singapore's fiscal strategies have helped sustain the country's growth as a small and open economy. This book is a pioneering effort in terms of providing a non-technical, holistic view of Singapore's strategies. The author, formerly Director of Fiscal Policy in Singapore's Ministry of Finance and the Principal Private Secretary to the President of Singapore, provides an insider's bird's eye view of how Singapore's fiscal strategies support monetary and economic policies, and address the needs of Singaporeans.The book is structured to explain how the various aspects of Singapore's fiscal policies inter-relate and work together as a functioning system, enabling the small city-state to prosper and progress since its independence in 1965. Besides providing a documentation of the development of Singapore's fiscal strategies over the years, the current and impending national challenges to be addressed by fiscal strategies are also discussed. The author also addresses the importance of culture to a nation's success, and highlights the impact of fiscal policy in this regard.
Download or read book Issues in Public Finance in Singapore written by Mukul G. Asher and published by NUS Press. This book was released on 1980 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Refreshing The Singapore System Recalibrating Socio economic Policy For The 21st Century written by Terence Wai Luen Ho and published by World Scientific. This book was released on 2021-08-13 with total page 443 pages. Available in PDF, EPUB and Kindle. Book excerpt: Singapore's rapid ascent from Third World to First since its independence in 1965 has won it acclaim as an 'economic miracle'. Economic success has been accompanied by impressive achievements in social development, as reflected in international rankings of human capital and human development.The city state's achievements are founded on a socio-economic system characterised by low tax rates, flexible labour markets, and individual 'self-reliance', with state support centred on social investment in education and public housing.Entering the 21st century, however, slowing economic growth, an ageing population, global competition, and widening income dispersion have put the Singapore System under strain. This has prompted a significant refresh of social and economic policies over the past 15-20 years.This book aims to bring the reader up to date on Singapore's socio-economic development in the first two decades of the 21st century. It looks back to the shifts in policy thinking that have accompanied structural changes to Singapore's society and economy, taking stock of the policy innovations aimed at sustaining income growth, economic security, and social mobility. It looks around to compare Singapore's approach to those of other countries facing similar challenges, situating Singapore's experience in the wider international discourse on public policy. Finally, it looks ahead to how the Singapore System may evolve in the years to come.
Download or read book The Law and Practice of Singapore Income Tax written by Soy Yoong Pok and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Singapore Inc written by Linda Low and published by . This book was released on 2001 with total page 448 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 Tax System of Singapore written by Singapore. Minister of Finance and published by . This book was released on 1963 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Singapore Financial and Business Sourcebook written by Chwee Huat Tan and published by NUS Press. This book was released on 2002 with total page 758 pages. Available in PDF, EPUB and Kindle. Book excerpt: Apart from summarising the financial developments, reforms and policies over the past decades of the financial system in Singapore, this second edition of the Singapore Financial Sourcebook has been completely updated, revised and expanded.
Download or read book Singapore written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2019-07-15 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Financial System Stability Assessment paper on Singapore highlights the attractiveness of Singapore as a financial center is underpinned by strong economic fundamentals, sound economic policies, and a sophisticated financial oversight framework. The financial system is exposed to global and regional macrofinancial shocks through significant trade and financial channels but appears resilient even under adverse scenarios. However, banks’ US dollar liquidity is vulnerable to stress conditions. Fintech developments so far have focused on partnerships with existing financial institutions and do not appear to contribute significantly to systemic risk. Singapore authorities should continue to enhance its strong oversight of the financial system. Strengthening the framework for resolution and safety nets, namely by devoting more resources to the Monetary Authority of Singapore (MAS)’ Resolution Unit; and enhancing the oversight of MAS Electronic Payments System by ensuring more staffing resources are two other important areas for action.
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 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 Singapore written by International Monetary Fund and published by International Monetary Fund. This book was released on 2004-04-26 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: Singapore’s financial sector, which is dominated by the banking sector, remains robust despite a series of economic downturns and substantial asset price declines. Economic developments in the past few years have highlighted Singapore’s vulnerability to exogenous shocks, including the outbreak of Severe Acute Respiratory Syndrome (SARS). Systemic liquidity is well managed. Singapore has proactively implemented significant financial sector reforms since 1998. Although it has undergone major structural changes in recent years, Singapore’s financial sector is still dominated by the banking industry.
Download or read book Analysis of Tax Policy Options for Singapore written by Ngee-Choon Chia and published by . This book was released on 1991 with total page 502 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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.
Download or read book Financial Liberalization and the Impact of the Financial Crisis on Singapore written by Mah Hui Lim and published by . This book was released on 2010 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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)
