Singapore and Hong Kong as Competing Financial Centres
Author : Chwee Huat Tan
Publisher :
Page : 126 pages
File Size : 43,68 MB
Release : 2007
Category : Competition, International
ISBN :
Why Complementarity Matters for Stability—Hong Kong SAR and Singapore as Asian Financial Centers
Author : Mrs.Vanessa Le Lesle
Publisher : International Monetary Fund
Page : 46 pages
File Size : 16,71 MB
Release : 2014-07-08
Category : Business & Economics
ISBN : 149835713X
Book Description
There is much speculation regarding a “race for dominance” among financial centers in Asia, arising from the anticipated financial opening up of China. This frame of reference is, to an extent, a predilection that results from a traditional understanding of financial centers as possessing historical, geographic, and scale economy advantages. This paper, however, suggests that there is an alternative prism through which the evolution of financial centers in Asia needs to be viewed. It underscores the importance of “complementarity” rather than “dominance” to better serve regional and global financial stability. We posit that such complementarity is vital, through network analysis of the roles of Hong Kong SAR and Singapore as the current leading financial centers in the region. This analysis suggests that a competition for dominance can result in de-stabilizing levels of interconnectivity that render the global “network” as a whole more susceptible to rapid propagation of shocks. We then examine the regulatory and policy challenges that may be encountered in furthering such complementary coexistence.
Competition among Financial Centres in Asia-Pacific
Author : Soogil Young
Publisher : Institute of Southeast Asian Studies
Page : 463 pages
File Size : 17,93 MB
Release : 2009
Category : Business & Economics
ISBN : 9812309306
Book Description
Contents include an overview and policy recommendations; case studies which include Australian content; international perspectives; and issues and findings.
Over-the-Counter Derivatives Regulation in Hong Kong and Singapore
Author : Christopher Chen
Publisher : BRILL
Page : 58 pages
File Size : 17,65 MB
Release : 2017-02-06
Category : Law
ISBN : 9004343415
Book Description
In this work, Christopher Chen examines and compares the regulation of over-the-counter derivatives in Hong Kong and Singapore, the two largest international financial centres in Asia Pacific. Chen analyses current or proposed regulations on trade reporting, centralised clearing and mandatory exchange trading mandates regarding OTC derivatives against the backdrop of reforms of international financial regulatory structure after the global financial crisis. The article also relates the reforms in Asia to development in major Western markets such as the US, the UK or the European Union. Apart from technical comparison and dissecting of content of rules from different angles, his work also examines the rationale behind those reforms and policy concerns behind Asian adoption of the regulatory mandates prescribed by G20 as well as potential policy concerns (such as competition and extraterritoriality) in a market that is dominated by Western banks.
Financial Deregulation and Integration in East Asia
Author : Takatoshi Ito
Publisher : University of Chicago Press
Page : 416 pages
File Size : 34,80 MB
Release : 2007-12-01
Category : Business & Economics
ISBN : 0226386953
Book Description
The increased mobility and volume of international capital flows is a striking trend in international finance. While countries worldwide have engaged in financial deregulation, nowhere is this pattern more pronounced than in East Asia, where it has affected in unanticipated ways the behavior of exchange rates, interest rates, and capital flows. In these thirteen essays, American and Asian scholars analyze the effects of financial deregulation and integration on East Asian markets. Topics covered include the roles of the United States and Japan in trading with Asian countries, macroeconomic policy implications of export-led growth in Korea and Taiwan, the effects of foreign direct investment in China, and the impact of financial liberalization in Japan, Korea, and Singapore. Demonstrating the complexity of financial deregulation and the challenges it poses for policy makers, this volume provides an excellent picture of the overall status of East Asian financial markets for scholars in international finance and Asian economic development.
Hong Kong as an International Financial Centre
Author : Dr Catherine Schenk
Publisher : Routledge
Page : 225 pages
File Size : 20,30 MB
Release : 2001-03-15
Category : Business & Economics
ISBN : 1134626053
Book Description
Based on previously unpublished archival records, this book makes a significant contribution to our understanding of the development of Hong Kong as one of the worlds premier international financial centres.
Finance and Financial Markets
Author : Keith Pilbeam
Publisher : Bloomsbury Publishing
Page : 502 pages
File Size : 17,37 MB
Release : 2018-03-25
Category : Business & Economics
ISBN : 1137515635
Book Description
This popular textbook offers a broad and accessible introduction to the building blocks of modern finance: financial markets, institutions and instruments. Focussing on the core elements of the subject, the author blends theory with real-life data, cases and numerical worked examples, linking the material to practice at just the right level of technical complexity. This new edition has updated data and cases throughout, ensuring that it is as up-to-date as possible in this fast-moving area. More assessment and self-test resources have been added to the book to help support students and lecturers. It is ideally suited to students at all levels who take economics, business and finance courses, as well as for those who want to understand the workings of the modern financial world. New to this Edition: - New case studies, including coverage of the Libor and foreign exchange rigging scandals, Bitcoin, the FinTech revolution and issues raised by Brexit - Fully updated data and relevant numerical examples - Coverage of derivatives such as futures, options and swaps - Extensive discussion of regulatory developments since the financial crisis - A companion website featuring teaching resources is available Accompanying online resources for this title can be found at bloomsburyonlineresources.com/finance-and-financial-markets-4e. These resources are designed to support teaching and learning when using this textbook and are available at no extra cost.
Singapore And Switzerland: Secrets To Small State Success
Author : Yvonne Guo
Publisher : World Scientific
Page : 350 pages
File Size : 30,50 MB
Release : 2016-07-22
Category : Political Science
ISBN : 9814651419
Book Description
The cases of Singapore and Switzerland present a fascinating puzzle: how have two small states achieved similar levels of success through divergent pathways? Are both approaches equally sustainable, and what lessons do they hold for each other? While Singapore is the archetypal developmental state, whose success can be attributed to strong political leadership and long-term planning, Switzerland's success is a more organic process, due to the propitious convergence of strong industries and a resilient citizenry. Yet throughout the course of their development, both countries have had to deal with the dual challenges of culturally heterogeneous populations and challenging regional contexts. Edited by Yvonne Guo and Jun Jie Woo, with forewords from Ambassadors Thomas Kupfer and Tommy Koh, Singapore and Switzerland: Secrets to Small State Success features contributions from distinguished scholars and policymakers who explore the dynamics of two small states which have topped international rankings in a dazzling array of policy areas, from economic competitiveness to education to governance, but whose pathways to success could not be more different.
3-in-1: Governing A Global Financial Centre
Author : Jun Jie Woo
Publisher : World Scientific
Page : 127 pages
File Size : 19,45 MB
Release : 2017-06-21
Category : Political Science
ISBN : 9813221186
Book Description
3-in-1: Governing a Global Financial Centre provides a comprehensive understanding of Singapore's past development and future success as a global financial centre. It focuses on three transformational processes that have determined the city-state's financial sector development and governance — globalisation, financialisation, and centralisation — and their impacts across three areas: the economy, governance, and technology. More importantly, this book takes a multidimensional approach by considering the inter-related and interdependent nature of these three transformational processes. Just like the 3-in-1 coffee mix that is such an ubiquitous feature of everyday life in Singapore, the individual ingredients of Singapore's success as a global financial centre do not act alone, but as an integrated whole that manifests itself in one final product: the global financial centre.
Asia-Pacific Financial Deregulation
Author : Gordon De Brouwer
Publisher : Routledge
Page : 342 pages
File Size : 31,10 MB
Release : 2002-03-11
Category : Social Science
ISBN : 1134619332
Book Description
Recent events in East Asia have highlighted the risks of volatility and contagion in a financially integrated world. Countries in the region had been at the forefront of the movement towards increased integration but the crisis that struck Thailand in July 1997, and the rapidity with which it spread to other East Asian nations, suggested that all was not well. Weaknesses in domestic financial intermediation, poor corporate governance and deficient government responses to large capital inflows all played a role in the build-up of vulnerability. Asia-Pacific Financial Deregulation provides an insight into financial liberalisation and structural reform in the region generally and as illustrated by a number of countries.
