The Malaysian Capital Controls: A Success Story?
This paper contributes to the debate on the use of temporary controls on capital outflows as a crisis resolution measure by examining the outcome of Malaysia's radical response to the 1997-98 financial crisis. The analysis suggests that carefully designed temporary capital controls were successful in providing Malaysian policymakers a viable setting for aiding the recovery process through the standard Keynesian therapy. Capital controls also assisted banking and corporate restructuring by...[Show more]
|Collections||ANU Research Publications|
|Source:||Asian Economic Papers|
|01_Athukorala_The_Malaysian_Capital_2008.pdf||257.82 kB||Adobe PDF||Request a copy|
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