Suchergebnisse

"This book is a collection of speeches presented at Singapore Perspectives 2019 by current players in international relations and leading academics and opinion shapers on how the post-Cold War world order, with emphasis on the relations between the United States and China, will affect small states like Singapore and countries in Southeast Asia — at local, national, and regional levels. It features speeches by prominent personalities, such as Singapore Minister for Foreign Affairs Dr Vivian Balakrishnan, former Singapore Foreign Minister Mr George Yeo, and former Indonesian Foreign Minister Dr Marty Natalegawa. Each speaker presents a fresh perspective on important developments in the world today."--

Cover -- CONTENTS -- RECENT ECONOMIC DEVELOPMENTS AND OUTLOOK -- A. Introduction -- B. Recent Developments -- C. Outlook and Risks -- POLICY DISCUSSIONS -- A. Monetary and Exchange Rate Policy -- B. Financial Sector and Macroprudential Policies -- C. Fiscal Policy -- D. Economic Restructuring -- E. Policies to Address Aging -- STAFF APPRAISAL -- BOXES -- 1. The Oil Price Shock: Implications for Singapore -- 2. Monetary Policies in Advanced Economies: Implications for Singapore -- FIGURES -- 1. Real Sector Developments -- 2. Monetary and Financial Sector Developments -- 3. Banking Sector Developments -- 4. Housing Market Developments -- 5. External Sector -- 6. Spillovers -- 7. Social and Equality Indicators -- 8. Demographic Transition -- TABLES -- 1. Selected Economic and Financial Indicators, 2011-16 -- 2. Balance of Payments, 2010-16 -- 3. Monetary Survey, 2010-15 -- 4. Indicators of Vulnerability, 2010-15 -- 5. Summary of Government Operations and Stock Positions, 2010/11-2015/16 -- 6. Medium-Term Scenario, 2010-20 -- 7. Financial Soundness Indicators-Local Banking Sector, 2010-14 -- 8. International Investment Position, 2010-14 -- APPENDICES -- I. Risk Assessment Matrix -- II. External Sector Developments and Assessment -- III. 2013 FSAP Key Recommendations and Actions Taken -- IV. Estimating a Monetary Policy Rule for MAS -- V. Productivity and Growth: Record and Prospects -- VI. Pension Reform: Recent Initiatives and Issues -- VII. Public Sector Debt Sustainability Analysis -- CONTENTS -- FUND RELATIONS -- STATISTICAL ISSUES.

Cover -- CONTNETS -- Abbreviations and Acronyms -- CONTEXT -- ECONOMIC DEVELOPMENTS, OUTLOOK, AND RISKS -- POLICY DISCUSSIONS -- A. Monetary Policy -- B. Fiscal Policy -- C. Financial Sector Issues -- D. Structural Policies -- STAFF APPRAISAL -- BOX -- 1. Rising Investment in Intangible Assets -- 2. Financial Conditions and Growth-at-Risk in Singapore -- 3. The Role of Industry Transformation Maps in Creating the Future Economy -- FIGURES -- 1. Real Sector Developments -- 2. Labor Market Developments -- 3. Monetary and Financial Sector Developments -- 4. Banking Sector Developments -- 5. Housing Market Developments -- 6. External Sector -- 7. Spillovers -- 8. Social and Equality Indicators -- 9. Demographic Transition -- TABLES -- 1. Selected Economic and Financial Indicators, 2013-19 -- 2. Balance of Payments, 2013-19 -- 3. Monetary Survey, 2013-19 -- 4. Indicators of Vulnerability, 2013-18Q1 -- 5. Medium-Term Scenario, 2013-23 -- 6. Summary of Government Operations and Stock Positions, 2012/13-2018/19 -- 7. Financial Soundness Indicators-Local Banking Sector, 2013-2017Q3 -- 8. International Investment Position, 2013-17 -- APPENDICES -- I. Recent Labor Market Developments -- II. External Sector Report -- III. Financial Conditions and Growth-at-Risk in Singapore -- IV. Risk Assessment Matrix -- V. Estimating a Monetary Policy Rule -- VI. Public Debt Sustainability Analysis -- VII. Housing Market Development and Policies -- VIII. Fintech Opportunities and Challenges -- CONTENTS -- FUND RELATIONS -- STATISTICAL ISSUES

KEY ISSUESOutlook and risks. Following an upturn in 2013, growth is expected to moderatesomewhat during 2014-2015, narrowing the positive output gap. The impact of recovering demand in advanced economies is likely to be offset by the ongoing real appreciation of the currency and the gradual tightening in global monetary conditions. Transitional costs related to the economic restructuring (see next paragraph) are also expected to dampen growth in the near term. As a very open economy, Singapore is particularly exposed to external risks related to a protracted period of slower growth in advanced