Hasan, Zubair (1999): Recent financial crisis in Malaysia: response, results, challenges. Published in: The Indian Economic Journal , Vol. 49, No. 1 (April 2001): pp. 28-49.
Download (98kB) | Preview
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.
|Item Type:||MPRA Paper|
|Original Title:||Recent financial crisis in Malaysia: response, results, challenges|
|English Title:||Recent financial crisis in Malaysia: response, results, challenges|
|Keywords:||Financial crisis; short-term foreign capital flight stock market fall; currency depreciation; capital controls|
|Subjects:||E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E32 - Business Fluctuations; Cycles
E - Macroeconomics and Monetary Economics > E0 - General > E00 - General
F - International Economics > F3 - International Finance > F31 - Foreign Exchange
|Depositing User:||Zubair Hasan|
|Date Deposited:||07. Apr 2010 06:18|
|Last Modified:||12. Feb 2013 16:05|
Aligner,2000 Denis J: Basic Econometrics Prentice-Hall, Englewood Cliffs; N.J., (1971)
Ariff, Mohamed (2001:Options for the Ringgit, Paper presented at the National Economic Outlook Conference held by MIER at Kuala Lumpur, Nov., 20-22,
Bank Negara Malaysia: Annual Reports 1998 and 1999
Granger, Clive W.J; Huang, Bwo-Nung; Yang, Chin-Wei 2002: A bivariate causality between stock prices and exchange rates: evidence from recent Asian flu, Quarterly Review of Economics and Finance 40.
Das, Dilip K. 1999: Private Capital Flows and Speculative Runs in Emerging Market Economies, Journal of the Asia Pacific Economy, Vol. 4, No. 3.
Kawai, Masahiro 2001: The International Roles of the US Dollar the Euro, and the Japanese Yen in East Asia’s Exchange Arrangements Paper presented at the National Economic Outlook 2001 Conference organized by MEIR at Kuala Lumpur, November 20-22.
Peering, Fay Nan 2000: Capital Flows, Currency Regimes, and Institutional Arrangements: The ROC Perspective, Paper presented at the conference on Central Banking, Globalization, and Sustainable Development held at Kuala Lumpur in August
Rodric, Dani 2000: Exchange Rate Regimes and Institutional Reform in the Shadow of capital flows Paper presented at the conference on ‘Central banking Globalization and Sustainable Development held at Kuala Lumpur in August
EAC-MTEN Office of Ministry of Special Functions2000: Facts and Figures- inflow and outflow of Reserves in USD Equivalent 1998 May 5
Woo, Wing Thye et al 2000: The Unorthodox Origins of the Asian Currency Crisis- Evidence from Logit Estimation, Asean Economic Bulletin Vol. 17, No. 2 August
Zainal Abidin, Mahani 2000: Implications o f the Malaysian Experience for future International Financial Arrangements, Asean Economic Bulletin Vol. 17, No. 2 August