ISBN:
9781781009666
Language:
English
Pages:
1 Online-Ressource (xii, 167 p)
,
ill
Series Statement:
Edward Elgar E-Book Archive
Parallel Title:
Available in another form
Parallel Title:
Elektronische Reproduktion von Athukorala, Premachandra, 1951 - Crisis and recovery in Malaysia
DDC:
332/.042
Keywords:
Kapitalverkehrskontrolle
;
Wirtschaftspolitik
;
Malaysia
;
Finanzkrise
;
Financial crises
;
Electronic books
;
Capital movements Government policy
;
Malaysia Economic conditions
;
Malaysia Economic policy
;
Malaysia
;
Finanzkrise
;
Wirtschaftspolitik
;
Kapitalbewegung
Abstract:
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
Abstract:
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
Note:
Includes bibliographical references (p. 134-149) and index
DOI:
10.4337/9781781009666
URL:
Volltext
(Deutschlandweit zugänglich)
URL:
Deutschlandweit zugänglich
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