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.

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.

• Item Type: MPRA Paper
• Institution: International Islamic University of Malaysia
• Language: English
• Keywords: Financial crisis Malaysia
• Subjects: F - International Economics > F3 - International Finance > F31 - Foreign Exchange; F - International Economics > F3 - International Finance > F39 - Other