Title

Singapore's Financial Market: Challenges and Future Prospects

Publication Type

Book Chapter

Publication Date

7-2014

Abstract

Singapore has successfully developed into one of the leading international financial centers in a short span of less than half a century. The factors of success can be attributed to time, space, and people. Given the complexity and connectivity of today’s markets, there are many challenges in a fast changing environment marked by huge global capital flows and punctuated by crisis after crisis. This chapter will explain the success of Singapore’s financial market and provide the author’s outlook for the island state’s future prospects in the aftermath of the US debt crisis, the Euro crisis, and likely slowdown in emerging markets. In particular, potential problems due to the voluminous capital flow in a time-compressed manner in the small open economy are highlighted.

Keywords

Financial markets, Development, Prospects, Capital flows, Central banking, Prudential policies, Complexity, Singapore

Discipline

Asian Studies | Finance and Financial Management

Research Areas

Finance; Quantitative Finance

Publication

Handbook of Asian Finance: Financial Markets and Sovereign Wealth Funds

Volume

1

Editor

Lee, David K. C.; Gregoriou, Greg N.

First Page

171

Last Page

194

ISBN

9780128009826

Identifier

10.1016/B978-0-12-800982-6.00009-3

Publisher

Elsevier Academic Press

City or Country

San Diego, CA

Additional URL

http://dx.doi.org/10.1016/B978-0-12-800982-6.00009-3