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Policy Drivers

In: Singapore as an International Financial Centre

Author

Listed:
  • J. J. Woo

    (Nanyang Technological University)

Abstract

From traditional regulatory policies to fiscal incentives and direct promotion, the policy drivers of Singapore’s success as an IFC extend beyond those exercised by central banks and regulatory agencies in many other cities and IFCs. This chapter provides an overview of the policy drivers that have shaped and driven Singapore’s success as an IFC. It assesses the role of the Monetary Authority of Singapore (MAS) as Singapore’s chief financial policymaker and specifically focuses on two types of policies that it has employed in regulating and promoting Singapore’s financial services sector: stabilizing and developmental policies.

Suggested Citation

  • J. J. Woo, 2016. "Policy Drivers," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Singapore as an International Financial Centre, chapter 0, pages 55-74, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-1-137-56911-0_5
    DOI: 10.1057/978-1-137-56911-0_5
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