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Avoiding Double Mismatches and Withstanding Regional Financial Crises: The Singapore Experience

dc.contributor.authorKhee-Giap Tan
dc.contributor.authorT. Karigane
dc.contributor.authorM. Yoshitomi
dc.description.abstractBy examining Singapore’s successful experience, this paper identifies policies and factors that can avoid or mitigate the borrowing dilemma of double mismatches of currency and maturity. The authors conclude that there are common core principles that could be adopted by other emerging economies, with modifications to reflect their local context and circumstances. Such core policies could include: (i) conservative prudential safe guards, such as higher capital adequacy ratios for banks; (ii) proper sequencing of financial development and spacing of domestic and external financial market liberalizations; and (iii) possibly a credible dichotomized financial system encouraged by reasonable fiscal incentives and management of foreign bank participation.
dc.publisherAsian Development Bank Institute
dc.rightsCC BY 3.0 IGO
dc.titleAvoiding Double Mismatches and Withstanding Regional Financial Crises: The Singapore Experience
dc.typeWorking Papers
dc.subject.expertTrade Finance
dc.subject.expertRural Finance
dc.subject.expertRegional Development Finance
dc.subject.expertPublic Financial Management
dc.subject.expertPublic Finance
dc.subject.expertInternational Finance
dc.subject.expertIntergovernmental Finance
dc.subject.expertFinancial System
dc.subject.expertFinancial Flows
dc.subject.expertFinancial Assets
dc.subject.expertFinance And Trade
dc.subject.expertTrade Finance
dc.subject.adbLocal Finance
dc.subject.adbInternational Monetary Relations
dc.subject.adbLocal Finance
dc.subject.adbCapital Market
dc.subject.adbfinancial statistics
dc.subject.adbForeign trade
dc.subject.naturalMunicipal government
dc.subject.naturalMetropolitan government
dc.subject.naturalInternational banks and banking
dc.subject.naturalCapital movements
dc.subject.naturalCentral banks and banking
dc.subject.naturalBills of exchange
dc.subject.naturalBanks and banking
dc.subject.naturalStock exchanges
dc.subject.naturalBalance of trade
dc.title.seriesResearch Paper Series
dc.contributor.imprintAsian Development Bank
oar.adminregionSoutheast Asia Region
oar.authorTan, Khee-Giap
oar.authorKarigane, T.
oar.authorYoshitomi, M.

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  • ADBI Research Paper Series
    The Asian Development Bank Institute (ADBI) research paper series disseminate selected work in progress to facilitate an exchange of ideas within academic and policy communities. An objective of the series is to circulate primary findings promptly, regardless of the degree of finish. ADBI’s activities are guided by its three strategic priority themes of inclusive and sustainable growth, regional cooperation and integration, and governance for policies and institutions.

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