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dc.contributor.authorChow, Hwee Kwanen_US
dc.date.accessioned2011-12-15T12:21:36Z-
dc.date.available2011-12-15T12:21:36Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/53494-
dc.description.abstractThe resurgence of private capital inflows into Asia in recent years has raised the question of whether the region is susceptible to yet another financial crisis. While a sudden large-scale reversal of capital flows is not likely to result in a liquidity crunch or balance of payments crisis, the attendant sharp corrections in asset prices will have an adverse impact on the economy particularly through indirect channels. We present, in this study, Singapore's experience in managing the risks posed by capital flows as well as the retention of control over exchange rates and monetary conditions. It is the overall package of policies-including strong economic fundamentals and a robust financial system, prudent policy management on both the fiscal and monetary side, and credible exchange rate policy aligned with underlying fundamentals-and having the latitude to react promptly and on a sufficiently large scale to economic and financial developments that serve to increase Singapore's resilience towards disruptive swings in capital flows.en_US
dc.language.isoengen_US
dc.publisherAsian Development Bank Institute (ADBI) Tokyoen_US
dc.relation.ispartofseriesADB Institute Discussion Papers 86en_US
dc.subject.jelE58en_US
dc.subject.jelF31en_US
dc.subject.jelG28en_US
dc.subject.ddc330en_US
dc.subject.stwKapitalimporten_US
dc.subject.stwBranchenentwicklungen_US
dc.subject.stwFinanzsektoren_US
dc.subject.stwGeldpolitiken_US
dc.subject.stwSingapuren_US
dc.titleManaging capital flows: The case of Singaporeen_US
dc.typeWorking Paperen_US
dc.identifier.ppn55935990Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:ADB Institute Discussion Papers, Asian Development Bank Institute

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