The Role of Politics

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

Chapter Chapter 6 in Singapore as an International Financial Centre, 2016, pp 75-92 from Palgrave Macmillan

Abstract: Abstract Given its location within a global city, the economic and financial development of an IFC is inevitably enmeshed within the socio-political fabric of the city. Despite the prevalence of political factors in shaping and influencing economic and financial policies, this political aspect of finance remains relatively underexplored by existing IFC studies. This chapter seeks to provide a deeper understanding of the political forces and mechanisms which have contributed to Singapore’s success as an IFC. It argues specifically that through its various consultative mechanisms, financial policies in Singapore are typically ‘co-created’ by the MAS and its industry counterparts.

Keywords: Monetary Authority; Financial Policy; Industry Actor; International Financial Corporation; Financial Governance (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_6

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DOI: 10.1057/978-1-137-56911-0_6

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