Dangerous to draw down reserves
As at the end of last year, our official reserves stood at $288 billion compared to a gross domestic product of $304 billion and bank deposits (domestic bank units or DBU) of $781 billion. In the event of a financial meltdown, the reserves would be far too small to bail out our banks. During the rec...
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2011
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sg-smu-ink.soe_research-23602018-05-11T08:12:47Z Dangerous to draw down reserves TAN, Augustine H. H. As at the end of last year, our official reserves stood at $288 billion compared to a gross domestic product of $304 billion and bank deposits (domestic bank units or DBU) of $781 billion. In the event of a financial meltdown, the reserves would be far too small to bail out our banks. During the recent global financial crisis I was very anxious for Singapore when the Monetary Authority of Singapore announced a guarantee (until end last year) for all our DBU deposits of up to $150 billion. 2011-05-01T07:00:00Z text application/pdf https://ink.library.smu.edu.sg/soe_research/1361 https://ink.library.smu.edu.sg/context/soe_research/article/2360/viewcontent/Dangerous_to_draw_down_reserves.pdf http://creativecommons.org/licenses/by-nc-nd/4.0/ Research Collection School Of Economics eng Institutional Knowledge at Singapore Management University Asian Studies Public Economics |
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Asian Studies Public Economics TAN, Augustine H. H. Dangerous to draw down reserves |
| description |
As at the end of last year, our official reserves stood at $288 billion compared to a gross domestic product of $304 billion and bank deposits (domestic bank units or DBU) of $781 billion. In the event of a financial meltdown, the reserves would be far too small to bail out our banks. During the recent global financial crisis I was very anxious for Singapore when the Monetary Authority of Singapore announced a guarantee (until end last year) for all our DBU deposits of up to $150 billion. |
| format |
text |
| author |
TAN, Augustine H. H. |
| author_facet |
TAN, Augustine H. H. |
| author_sort |
TAN, Augustine H. H. |
| title |
Dangerous to draw down reserves |
| title_short |
Dangerous to draw down reserves |
| title_full |
Dangerous to draw down reserves |
| title_fullStr |
Dangerous to draw down reserves |
| title_full_unstemmed |
Dangerous to draw down reserves |
| title_sort |
dangerous to draw down reserves |
| publisher |
Institutional Knowledge at Singapore Management University |
| publishDate |
2011 |
| url |
https://ink.library.smu.edu.sg/soe_research/1361 https://ink.library.smu.edu.sg/context/soe_research/article/2360/viewcontent/Dangerous_to_draw_down_reserves.pdf |
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