Crisis and recovery in Malaysia the role of capital controls
Crisis and recovery in Malaysia: the role of capital controls

1. State of the debate -- 2. Pre-crisis Malaysian economy : an overview -- 3. Capital account opening, capital inflow and share market boom -- 4. Capital flows and signs of vulnerability -- 5. Onset of the crisis, policy slippage and economic collapse -- 6. Policy turnaround : from muddling through...

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1. Verfasser: Athukorala, Prema-Chandra (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Cheltenham ; Northampton, Mass Edward Elgar Pub c2001
Schriftenreihe:Edward Elgar E-Book Archive
Schlagworte:
Electronic books
Financial crises > Malaysia
Capital movements / Government policy / Malaysia
Malaysia / Economic policy
Malaysia / Economic conditions
Online-Zugang:DE-12
DE-634
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Zusammenfassung:1. State of the debate -- 2. Pre-crisis Malaysian economy : an overview -- 3. Capital account opening, capital inflow and share market boom -- 4. Capital flows and signs of vulnerability -- 5. Onset of the crisis, policy slippage and economic collapse -- 6. Policy turnaround : from muddling through to capital control -- 7. The recovery -- 8. The role of capital control -- 9. Conclusion
The prime focus of the book is on Malaysia's radical policy decision to pursue an independent recovery path, cut off from world markets by a system of capital control, as a viable alternative to the conventional market centred approach. The analysis suggests that, against the initial dire predictions of many economists, the capital controls have actually played a crucial supportive role in crisis management. Whether the controls have played a special role in delivering a superior recovery outcome in Malaysia compared to IMF-program countries remains a point of contention. However, there is strong evidence to suggest that this pragmatic policy choice was instrumental in achieving recovery, while minimising potential economic disruption and related social costs
Beschreibung:Includes bibliographical references (p. 134-149) and index
Beschreibung:1 Online-Ressource (xii, 167 Seiten) ill
ISBN:9781781009666
DOI:10.4337/9781781009666
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