Publication Type
Book Chapter
Version
acceptedVersion
Publication Date
1-2019
Abstract
This chapter reviews the financial development strategies adopted by the Singapore government as it navigates internal and external changes to build a vibrant center of finance in the Asia Pacific region. Sections 2 and 3 provide an overview of the structure of the financial system and the financial governance framework respectively. This is followed by a discussion, in Section 4, on the outward looking development strategy that underpinned the successful development of Singapore’s financial sector. Section 5 highlights the reforms undertaken in the aftermath of the Asian financial crisis that led to the building of a well-diversified and thriving international financial center. We conclude in Section 6 with the challenges Singapore faces in the new global financial landscape.
Keywords
Financial industry, financial governance, financial crisis, government policy, Singapore
Discipline
Asian Studies | Finance | Finance and Financial Management
Research Areas
Macroeconomics
Publication
Routledge Handbook on Banking and Finance in Asia
Editor
U. Volz, Ulrich; P. J. Morgan, & N. Yoshin
First Page
165
Last Page
178
ISBN
9781138685406
Identifier
10.4324/9781315543222-10
Publisher
Asian Development Bank Institute and Routledge
City or Country
New York
Citation
CHOW, Hwee Kwan and PEI, Sai Fan.
Financial sector in Singapore. (2019). Routledge Handbook on Banking and Finance in Asia. 165-178.
Available at: https://ink.library.smu.edu.sg/soe_research/2240
Copyright Owner and License
Authors
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Additional URL
https://doi.org/10.4324/9781315543222-10
