.

.

(WinWord)







.




:


SINGAPOURE






: 2-1 .. ..



: ..., . ..




, , 1999 .




CONTENCE:


1. Words.............................................................................page 2.


2. Base text........................................................................page 3.


3. The list of used materials.............................................page 8.


































1. Words.



















































2. Base text.
Singapore.
Asias second financial hub: Opportunities in Hongkong exodus?
Although Kuala Lumpur has stolen some of its thunder, Singapore is in no danger of losing its unofficial title of Southeast Asia's answer to Hongkong. The question is whether Singapore can join New York, London, and Hongkong as a truly global, full-service financial center. More to the point, will Singapore's government surrender enough control to let the island republic fulfill its potential?
The fact that Singapore is known as the "Switzerland of the East" is testimony to the machinelike efficiency with which it has pursued success. Entrepreneurial flair has never been a selling point. Even so, what Singapore does, it does exceptionally well. It is unquestionably the world's most user-friendly financial hub: The quality of its physical infrastructure, telecommunications capabilities, and work force is simply unparalleled. As a result, the Lion City has been a magnet for investment banks and commercial banks alike. This, together with the growing interest in emerging market currencies, has enabled Singapore to challenge Tokyo as Asia's top forex center. And it is already the region's premier derivatives hub, as strong in over-the-counter products as it is in exchange-traded ones. The fact that the Barings debacle originated on the Simex floor has done little to dent Singapore's repution or dampen its appeal. But Simex is itself a reflection of
Singapore's cautious approach. Although the exchange does a brisk business in eurodollar, euroyen, and Nikkei stock index futures, not one Singaporean product is traded. Similarly, while the Singapore dollar could well serve as a safe-haven currency, the government has resisted calls to
internationalize it. Nor does it display the least desire to innovate in even the most innocuous areas. For example, the government has ignored suggestions that it follow Hongkong's lead and try to establish a yield curve by issuing long-term bonds.




/ , . / . . / , / .




read more






© ReferatCity.ru, , , , 2007-2018
.