Recent financial crisis in Malaysia: response, results, challenges

Zubair Hasan

MPRA Paper from University Library of Munich, Germany

Abstract: This paper was one of the first writings that appeared on the subject and presented at a local conference while pending publication with the Indian Economic Journal.After a brief Introduction, Section 2 discusses broadly the process used for generating the data used for analysis as also the position of Malaysian economy during the crisis. Section 3 deals with controls as a tool for managing the financial turmoil. Section 4 argues, on the basis of results, that for Malaysia the imposition of controls was a better course of action than seeking help from the IMF. Section 5 makes brief reference to some challenges including the issue of dollar-ringgit peg. Section 6 contains a few concluding remarks.

Keywords: Financial crisis; short-term foreign capital flight stock market fall; currency depreciation; capital controls (search for similar items in EconPapers)
JEL-codes: E00 E32 F31 (search for similar items in EconPapers)
Date: 1999, Revised 2000
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Citations: View citations in EconPapers (5)

Published in The Indian Economic Journal 1.49(2001): pp. 28-49

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