Munich Personal RePEc Archive

The 1997-98 Financial Crisis in Malaysia: Causes, Response, and Results

Hasan, Zubair (2002): The 1997-98 Financial Crisis in Malaysia: Causes, Response, and Results. Published in: Islamic Economic Studies, IRTI Jeddah , Vol. 9, No. 2 (2002): pp. 1-16.

[img]
Preview
PDF
MPRA_paper_2948.pdf

Download (2MB) | Preview

Abstract

This article argues that the financial crisis Malaysia faced in 1997-1998 was not home grown. It was the result of heightened currency speculation in the region, Malaysia was essentially the victim of contagion. The capital controls and pegging of local currency to US dollar were better alternatives that seeking the IMF assistance. Malaysia came out of the crisis faster and less harmed compared to countries like Thailand and Indonesia who sought the IMF help.

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.