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Malaysian Economic Crisis
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Book Synopsis Malaysian Eclipse by : Jomo Kwame Sundaram
Download or read book Malaysian Eclipse written by Jomo Kwame Sundaram and published by Palgrave MacMillan. This book was released on 2001 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text examines the Malaysian economic crisis of 1997-98. It deals with both the roots of the crisis and the recovery process and also gives an account of what went wrong with one of Asia's most dynamic economies.
Book Synopsis Crisis and Recovery in Malaysia by : Prema-chandra Athukoralge
Download or read book Crisis and Recovery in Malaysia written by Prema-chandra Athukoralge and published by Edward Elgar Publishing. This book was released on 2001-01-01 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Professor Athukorala tells a fascinating story of one of the most successful economies in the world economy in the last decades, from the inception of its liberalisation policy to its radical decision to pursue an independent recovery path after the 1997 Asian financial crisis. This is case-study economics at its best. The book is superbly organised, meticulously researched and clearly written; a treat for professional economists and policymakers alike.' - Tony Thirlwall, University of Kent, UK 'Malaysia is one of the great success stories of the last quarter of the twentieth century. From 1988 it had one of the highest growth rates in the world, and it managed to maintain ethnic peace in an undoubtedly difficult environment. Recently it has provided a major laboratory experiment of the use of capital controls at a time of crisis when a country is highly integrated in the world capital market. This excellent book presents the first careful analysis of the nature and effects of these controls, as well as providing a thorough background of how the Asian crisis played out in Malaysia.' - W.Max Corden, The Johns Hopkins University, US In the light of the Malaysian experience during the Asian financial crisis, this book examines the role of international capital mobility in making countries susceptible to financial crises and the use of capital controls as a crisis management tool. Malaysia provides an interesting case study of this subject given its significant capital market liberalisation prior to the onset of the crisis, and its fundamental shift in crisis management policy in September 1998. 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.
Book Synopsis Managing Economic Crisis by : Abdul Rashid Mahmud (Dato')
Download or read book Managing Economic Crisis written by Abdul Rashid Mahmud (Dato') and published by . This book was released on 1999 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Economic Crises in Malaysia by : Samuel Bassey Okposin
Download or read book Economic Crises in Malaysia written by Samuel Bassey Okposin and published by . This book was released on 2000 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study identifies the various economic crises that has plagued Malaysia since 1957. Besides examining theorectical debates and causes of each of these crises, it also discusses the economic impact of each of these crises in relation to the economy and looks at the policy measure adopted for each crisis.
Book Synopsis Evaluating the Malaysian Economy 2009 – 2018: Growth, Development and Policies (UUM Press) by : Irwan Shah Zainal Abidin
Download or read book Evaluating the Malaysian Economy 2009 – 2018: Growth, Development and Policies (UUM Press) written by Irwan Shah Zainal Abidin and published by UUM Press. This book was released on 2020-03-01 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: Malaysia was once on the cusp of becoming one of the ‘Asian Tigers’ as a result of the impressively high growth rates recorded in the early 1990s. From 1990 until 1997, the growth rate was above 9 percent per annum on average. This performance came to an end when the economy was struck by the 1997/98 Asian Financial Crisis, the worst economic crisis Malaysia has ever experienced since independence. Things eventually worsened with the onslaught of the 2008/09 Global Financial Crisis, which dragged the Malaysian economy yet into another round of a recession with the growth rate contracting at 1.5 percent in 2009. On hindsight, these two events, which have had a substantial impact on the state of the Malaysian economy, pointed to several urgent calls for economic reforms, such as the need to address structural weaknesses of the economy and to have a growth target which is both sustainable as well as inclusive. When Datuk Seri Najib Razak became the sixth Prime Minister of Malaysia from April 2009 until May 2018, it was clear that a new approach to economic development for Malaysia had to be crafted. Towards this end, he introduced the National Transformation Policy (NTP), so that the economy can be transformed into one that is of high-income and developed status by the year 2020. He also set a new vision for Malaysia, also known as the 2050 National Transformation, or TN50, which is meant to chart a new course for Malaysia to move into the second half of the 21st century. How successful is this transformational agenda? What are the other issues and challenges which need to be addressed? What important lessons can we learn from this transformational journey? This book is an attempt to address these specific questions by assessing Najib’s economic plans, policies, programmes and vision which evolved during the nine years of his term as the sixth Prime Minister of Malaysia.
Book Synopsis The Malaysian Currency Crisis by : Mahathir bin Mohamad
Download or read book The Malaysian Currency Crisis written by Mahathir bin Mohamad and published by . This book was released on 2000 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Rewriting the Rules by : Mahani Zainal Abidin
Download or read book Rewriting the Rules written by Mahani Zainal Abidin and published by . This book was released on 2002 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis An Assessment of Malaysian Monetary Policy During the Global Financial Crisis of 2008-09 by : Mr.Harun Alp
Download or read book An Assessment of Malaysian Monetary Policy During the Global Financial Crisis of 2008-09 written by Mr.Harun Alp and published by International Monetary Fund. This book was released on 2012-01-01 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: Malaysia was hit hard by the global financial crisis of 2008-09. Anticipating the downturn that would follow the episode of extreme financial turbulence, Bank Negara Malaysia (BNM) let the exchange rate depreciate as capital flowed out, and preemptively cut the policy rate by 150 basis points. Against this backdrop, this paper tries to quantify how much deeper the recession would have been without the BNM's monetary policy response. Taking the most intense year of the crisis as our baseline (2008:Q4-2009:Q3), counterfactual simulations indicate that rather the actual outcome of a -2.9 percent contraction, growth would have been -3.4 percent if the BNM had not implemented countercyclical and discretionary interest rate cuts. Furthermore, had a fixed exchange rate regime been in place, simulations indicate that output would have contracted by -5.5 percent over the same four-quarter period. In other words, exchange rate flexibility and the interest rate cuts implemented by the BNM helped substantially soften the impact of the global financial crisis on the Malaysian economy. These counterfactual experiments are based on a structural model estimated using Malaysian data.
Book Synopsis Currency Turmoil and the Malaysian Economy by :
Download or read book Currency Turmoil and the Malaysian Economy written by and published by . This book was released on 1998 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Malaysian Economic Crisis by : Amir Hashim
Download or read book Malaysian Economic Crisis written by Amir Hashim and published by . This book was released on 2000-06-01 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: Malaysia and several East Asian economies have been caught in the grip of the currency crisis that started in July 1997. At the start of the crisis, Malaysia adopted a tight fiscal and monetary policy in response of the economic environment prevailing at that time it was obvious that the initial policy package resulted in severe economic contraction and deterioration in the health of the financial system. In response, the Government unveiled the National Economic Recovery Plan (NERP) which recommended a complete reversal of key policies. The NERP called for an easing of fiscal and monetary policy, an increase in government spending, corporate debt restructuring, and establishment of special vehicles to purchase and recapitalize non-performing loans from banking institutions. On September 1, 1998 the Government introduced capital controls and pegged the exchange rate to the US dollar, in order to insulate the domestic interest rate from continuing pressure and volatility in the foreign exchange market. This thesis explores the measures taken by the Malaysian Government to cope with recent economic crisis and describes the effects and lessons learned. The proper implementation of the selective capital control has given Malaysia a breathing space to pursue its on -going economic related programs.
Book Synopsis Malaysian "bail Outs"? by : Sook Ching Wong
Download or read book Malaysian "bail Outs"? written by Sook Ching Wong and published by NUS Press. This book was released on 2005 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: As Malaysia's government responded to the 1997-98 financial crisis, the global financial community criticised its measures as bail outs for politically-influential corporate interests. This book examines the Asian crisis and government policy responses, with emphasis on capital controls as well as corporate, bank and debt restructuring exercises.
Download or read book Malaysia written by Mr.Yougesh Khatri and published by International Monetary Fund. This book was released on 2001-08-27 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses how Malaysia can better protect itself from future shocks and avoid another crisis while it seeks to regain its position as one of the fastest growing economies in the world. To these ends, its strategy should include continued structural reforms to achieve healthy balance sheets of the banking and corporate sectors; further deregulation to promote competition and efficiency; and consistent macroeconomic policies to maintain financial stability and sustainable fiscal and external positions. Malaysia's economic structure and performance were relatively strong prior to the crisis. Malaysia’s initial low level of short-term external debt enabled it to maintain foreign reserves at a reasonably high level, and this contributed to relatively robust external and domestic confidence early on in the crisis. As a consequence of financial vigilance exercised through prudential regulation of capital movements, the exposure of the financial and corporate systems was contained. Stock market capitalization in Malaysia grew to an extremely high level prior to the crisis, reflecting both the fast expansion of the capital market and liberal capital account regime.
Book Synopsis Global Financial and Economic Crisis by : Mahani Zainal Abidin
Download or read book Global Financial and Economic Crisis written by Mahani Zainal Abidin and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Changing Phases of Malaysian Economy by : Samuel Bassey Okposin
Download or read book The Changing Phases of Malaysian Economy written by Samuel Bassey Okposin and published by . This book was released on 1999 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: an examination of the changing phases of the Malaysian economy since independence in 1957.
Book Synopsis Economic & Financial Crisis by : Kit Siang Lim
Download or read book Economic & Financial Crisis written by Kit Siang Lim and published by Democratic Action Party. This book was released on 1998 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis OECD Economic Surveys: Malaysia 2021 by : OECD
Download or read book OECD Economic Surveys: Malaysia 2021 written by OECD and published by OECD Publishing. This book was released on 2021-08-12 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: Like many other countries, Malaysia was hit hard by the COVID-19 pandemic starting in early 2020. Its past policy prudence has allowed Malaysia to react swiftly and boldly to the public health and economic crisis.
Book Synopsis Economic Crises and the Breakdown of Authoritarian Regimes by : Thomas B. Pepinsky
Download or read book Economic Crises and the Breakdown of Authoritarian Regimes written by Thomas B. Pepinsky and published by Cambridge University Press. This book was released on 2009-08-17 with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thomas B. Pepinsky examines how coalitions and capital mobility in Indonesia and Malaysia shape the links between financial crises and regime change.
