Munich Personal RePEc Archive

The 1997-98 financial crisis in Malaysia: causes, response, and results – A Rejoinder

Hasan, Zubair (2003): The 1997-98 financial crisis in Malaysia: causes, response, and results – A Rejoinder. Published in: Islamic Economic Studies, IRTI Jeddah , Vol. 10, No. 2 (2003): pp. 45-53.

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Abstract

This rejoinder refutes the comments of Mohamed Ariff and Faiz Mohammad on the author’s article: The 1997-98 Financial Crisis in Malaysia: Causes, Response, and Results”, published in the Islamic Economic Studies, Vol. 9 No. 2, 2002. My basic difference with the reviewers is this: they maintain that weaknesses of the sort piling up in the economy over the years invited currency attack, while I have reasons to believe that it came to Malaysia independently of her fundamental, rather eroded them in its aftermath. This rejoinder provides further evidence on why I stick to this position regardless of the reviewers’ comments.

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