European Parliament Library

Singapore :, 2009 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Singapore

This 2009 Article IV Consultation highlights that Singapore has been severely affected by the global downturn. The collapse in external demand has led to a sharp contraction in GDP, which fell by almost 13 percent in the first quarter of 2009. Executive Directors have observed that the floating exchange rate regime has served Singapore well, and that the exchange-rate centered monetary policy framework has been an important source of stability in times of turbulence. They have commended the authorities for proactively implementing a series of measures to safeguard the stability of the financial system
Table Of Contents
Cover; Contents; Executive Summary; I. Introduction; II. Macroeconomic Developments; III. Financial Developments; Boxes; 1. Global Crisis and Financial Contagion; IV. Policy Developments; 2. Resilience Package; V. Outlook and Risks; VI. Policy Discussions; A. The Role of Macroeconomic Policies; B. The Outlook for the Financial Sector; 3. Asian Currency Units and Domestic Banking Units; C. Exchange Rate; VII. Staff Appraisal; 4. Exchange Rate Assessment; Figures; 1. Real Sector Developments; 2. Asset Market Developments; 3. External Developments; 4. Financial Sector Developments; Tables
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (46 p.)
Specific Material Designation
Form Of Item

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