By J. J. Woo
This booklet offers an research of Singapore’s improvement and luck as a world monetary centre (IFC). Chapters reveal how Singapore performs a serious function in either Asian and international monetary markets, regardless of its fairly small geographic dimension. the writer focuses particularly at the elements that experience contributed to the city-state’s good fortune and discusses the coverage classes that may be derived from it. The publication describes the old, spatial, political and coverage components that contributed to Singapore’s improvement as a number one Asian monetary centre and worldwide urban, and may be of curiosity to either coverage students and practitioners.
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Extra info for Singapore as an International Financial Centre: History, Policy and Politics
These are discussed in Chap. 4. Another important development during this period was the governmentdriven ‘rationalization’ and consolidation of Singapore’s local banks, driven by the government’s desire to increase the size of these local banks in order to ensure their competitiveness (Hamilton-Hart 2002, p. 97). This resulted in the consolidation of Development Bank of Singapore (DBS), United Overseas Bank (UOB), and Overseas-Chinese Banking Corporation (OCBC) as Singapore’s major local banks, a position that these three banks have retained even until today.
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