Currency Speculation And The Optimum Control Of Bank Lending In Singapore Dollar

Author : Kenneth S. Chan,Kee Jin Ngiam
Publisher : International Monetary Fund
Page : 34 pages
File Size : 44,9 Mb
Release : 1996-08-01
Category : Business & Economics
ISBN : 9781451950472

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Currency Speculation and the Optimum Control of Bank Lending in Singapore Dollar by Kenneth S. Chan,Kee Jin Ngiam Pdf

The Monetary Authority of Singapore (MAS) has a long-standing policy of controlling bank lending in Singapore dollars to nonresidents and to residents who use the funds outside Singapore. While the control may prevent the internationalization of the Singapore dollar and contain exchange rate volatility, it can hinder the deepening and widening of the financial markets in Singapore. This paper suggests three policy options that would allow traders and investors to borrow Singapore dollars without any restrictions, while making it costly for speculators since their activities can cause exchange rate volatility which arguably imposes external costs to society.

Author : Maximilian Hall
Publisher : Edward Elgar Publishing
Page : 320 pages
File Size : 55,8 Mb
Release : 2003-01-01
Category : Business & Economics
ISBN : 9781843765301

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The International Handbook on Financial Reform by Maximilian Hall Pdf

Under growing pressure from within and outside their economies, countries around the world have embarked upon wide-ranging programmes of financial reform. This handbook provides country studies of contemporary developments in financial reform in a selection of both developed and developing countries from Western Europe, North America, South America, Asia and Australia. The outcome is an account of the contemporary world-wide attempt to refashion the way in which the financial services industry (and especially the banking sector) is regulated and supervised.

Author : Sebastian Edwards
Publisher : University of Chicago Press
Page : 699 pages
File Size : 43,7 Mb
Release : 2009-02-15
Category : Business & Economics
ISBN : 9780226184999

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Capital Controls and Capital Flows in Emerging Economies by Sebastian Edwards Pdf

Some scholars argue that the free movement of capital across borders enhances welfare; others claim it represents a clear peril, especially for emerging nations. In Capital Controls and Capital Flows in Emerging Economies, an esteemed group of contributors examines both the advantages and the pitfalls of restricting capital mobility in these emerging nations. In the aftermath of the East Asian currency crises of 1997, the authors consider mechanisms that eight countries have used to control capital inflows and evaluate their effectiveness in altering the maturity of the resulting external debt and reducing macroeconomic vulnerability. This volume is essential reading for all those interested in emerging nations and the costs and benefits of restricting international capital flows.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 54 pages
File Size : 43,6 Mb
Release : 2001-04-01
Category : Business & Economics
ISBN : 9781451846324

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Measures to Limit the offshore Use of Currencies by International Monetary Fund Pdf

Several Asian emerging market economies have recently adopted measures to limit the offshore trading of their currencies. This paper provides a general overview of such measures and evaluates the experiences of selected countries that resorted to such measures. It concludes that the measures could be effective if they were comprehensive and effectively enforced, and were accompanied by consistent macroeconomic policies and structural reforms. Such measures, however, could adversely affect investor confidence, financial market development, and nonspeculative economic and financial activities, and impose administrative burden on all parties involved.

Author : Linda Y. C. LIM
Publisher : World Scientific
Page : 333 pages
File Size : 44,5 Mb
Release : 2015-12-30
Category : Political Science
ISBN : 9789814723473

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Singapore's Economic Development by Linda Y. C. LIM Pdf

"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"--

Author : Ross Garnaut,Ross H. McLeod
Publisher : Routledge
Page : 357 pages
File Size : 44,9 Mb
Release : 2002-01-22
Category : Social Science
ISBN : 9781134640614

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East Asia in Crisis by Ross Garnaut,Ross H. McLeod Pdf

The current economic crisis in East Asia is unprecedented in world economic history. It seemed the economic strength of the region, until very recently, would just keep growing. Now, the macroeconomic achievements of Asia are under threat and the economies of North America and Europe are feeling the results. This book brings together the thoughts of leading experts on the Asian economy and provides a broad and thorough analysis of the situation. It provides case studies from fourteen countries in the region, how the crisis developed and affected them, and the response from governments. There are other non-country specific chapters with a strong theoretical content which address issues such as causation, how such a crisis should be handled, how it might be avoided in the future, and the likely implications for on-going deregulatory and other economic reforms. This is an important authoritative account of one of the most extraordinary economic events and provides a broad synthesis of case studies and theoretical approaches from a variety of researchers with an intimate knowledge of the region.

Author : Peter Wilson
Publisher : Edward Elgar Publishing
Page : 342 pages
File Size : 41,5 Mb
Release : 2002-10-29
Category : Business & Economics
ISBN : 9781781008201

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Economic growth and development in Singapore by Peter Wilson Pdf

In this book Gavin Peebles and Peter Wilson offer an historical overview of the rapid growth and development of the Singapore economy, detailing the institutions and policies which have made this growth possible. They examine the current state of the economy and its future in terms of prospective growth and structural change.

Author : Yan-leung Cheung,Yuk-shing Cheng,Chi-keung Woo
Publisher : Taylor & Francis
Page : 154 pages
File Size : 55,8 Mb
Release : 2016-12-08
Category : Social Science
ISBN : 9781317284772

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Hong Kong's Global Financial Centre and China's Development by Yan-leung Cheung,Yuk-shing Cheng,Chi-keung Woo Pdf

This book provides an overview of Hong Kong’s role as an international financial centre, focusing especially on how Hong Kong has contributed significantly, and continues to contribute significantly, to China’s economic development. It considers the importance of Hong Kong’s stock market in raising finance for Chinese companies, explores the potential of Hong Kong as an offshore financial centre, and discusses recent regulatory reforms. It concludes by assessing the prospects for Hong Kong’s continuing success as a global financial centre, and puts forward recommendations for policies which would help secure continuing success.

Author : Anonim
Publisher : Unknown
Page : 206 pages
File Size : 49,8 Mb
Release : 2000
Category : Australasia
ISBN : UCBK:C075632337

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Pacific Basin Working Paper Series by Anonim Pdf

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 212 pages
File Size : 53,8 Mb
Release : 1996-01-01
Category : Business & Economics
ISBN : 9781451930931

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IMF Staff papers by International Monetary Fund. Research Dept. Pdf

This paper reviews recent theoretical and empirical work on controls over International capital movements. Theoretical contributions reviewed focus on “second-best “ arguments for capital market restrictions, as well as arguments based on multiple equilibria. The empirical literature suggests that controls have been “effective “ in the narrow sense of influencing yield differentials. But there is little evidence that controls have helped governments meet policy objectives, with the exception of reducing the governments’ debt-service costs, and no evidence that controls have enhanced economic welfare in a manner suggested by theory.

Author : Anonim
Publisher : Unknown
Page : 276 pages
File Size : 46,5 Mb
Release : 1998
Category : Economic development
ISBN : UCSD:31822025443300

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Malaysian Journal of Economic Studies by Anonim Pdf

Author : Anonim
Publisher : Unknown
Page : 714 pages
File Size : 51,6 Mb
Release : 1996
Category : Finance
ISBN : UIUC:30112005652869

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IMF Working Paper by Anonim Pdf

Author : International Monetary Fund
Publisher : Unknown
Page : 24 pages
File Size : 40,8 Mb
Release : 1996-09
Category : International finance
ISBN : IND:30000053465328

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Publications of the International Monetary Fund by International Monetary Fund Pdf

Author : Anonim
Publisher : Board of Commissioners of Currency Singapore
Page : 212 pages
File Size : 50,7 Mb
Release : 1997
Category : Currency boards
ISBN : UCSD:31822026136234

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Currency Board System by Anonim Pdf

Author : Michelle Suzanne Lorenzini
Publisher : Unknown
Page : 476 pages
File Size : 45,9 Mb
Release : 2000
Category : Finance
ISBN : UCSD:31822031587819

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The Politics of Finance in the East Asian Newly Industrializing Countries by Michelle Suzanne Lorenzini Pdf

To determine the importance of state-society interactions, I examine several institutional reforms of the financial system in each country during the 1960s and 1970s. Each reform is examined to uncover the strategies of both societal actors and political elites in transforming their preferences into policy outcomes. Relevant societal actors include large industrial capital, small industrial capital, commercial capital, and financial capital.