Global Finance in the International Economy

Paper Summary:

The global financial industry is evolving rapidly, causing our financial sector to face many more challenges. In view of this, the paper examines how banking liberalization might affect Singapore and her position in the global financial context, especially after the 1997 Asian market collapse. The paper also includes graphs and tables.

From the Paper:

"The rapid wave of evolution has manifested in the form of more consolidation of financial institutions, mergers and acquisitions. Technology and Internet Banking promotes competition. Practically all the world's financial institutions are emphasizing reduced costs with business synergies, increased capital base and risk-management in response to global competition. Smaller players are faced with the threat of elimination if they do not keep up with the rapid changes of time and tap into the resources of the new knowledge based economies . Financial services must be price competitive in the face of fierce rivalry for funds, while maintaining the institutions' investment interests. The industry is tapping economies of scale by using more automated ways of processing mortgages and credit transfer in bulk."

More papers on Global Finance in the International Economy:

• Descriptive Essay # 147493 : "International Finance in the United States"
• Article Review # 146383 : "Trade Finance and the Recession"
• Research Paper # 112146 : "International Business and the Global Economy"

APA Citation:

MLA Citation: