Historical Development

J. J. Woo
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J. J. Woo: Nanyang Technological University

Chapter Chapter 3 in Singapore as an International Financial Centre, 2016, pp 25-41 from Palgrave Macmillan

Abstract: Abstract Historical events and variables have shaped Singapore’s trajectory of economic and financial development, presenting the city-state with both opportunities and constraints that have in turn defined its growth and characteristics as an IFC. There is, therefore, a need to take a historically grounded approach to IFC analyses. This chapter discusses these historical variables, providing a comprehensive overview of Singapore’s historical development as an IFC, focusing in particular on the economic and socio-political factors that have emerged to impact this development, as well as the policy shifts and developments that have taken place. Key historical events are, therefore, discussed, along with their implications for Singapore’s subsequent financial developmental trajectory.

Keywords: Financial Market; Financial Development; Global Financial Crisis; Monetary Authority; Lead Agency (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-1-137-56911-0_3

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DOI: 10.1057/978-1-137-56911-0_3

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