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180626 ||| eng |
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|a 9781840646214
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|a 1840646217
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|a 9781843764557
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|a 9781781009666
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4 |
|a HG3973.6
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1 |
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|a Athukorala, Prema-Chandra
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|a Crisis and recovery in Malaysia
|h Elektronische Ressource
|b the role of capital controls
|c Prema-Chandra Athukorala
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| 260 |
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|a Cheltenham
|b Edward Elgar Pub
|c c2001
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| 300 |
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|a xii, 167 p
|b ill
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| 651 |
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4 |
|a Capital movements / Government policy / Malaysia
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| 651 |
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4 |
|a Malaysia / Economic conditions
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| 651 |
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|a Malaysia / Economic policy
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| 653 |
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|a Financial crises / Malaysia
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| 041 |
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7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b ZDB-1-EWE
|a Edward Elgar eBook Archive
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| 856 |
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|u https://www.elgaronline.com/view/9781840646214.xml
|3 Volltext
|x Verlag
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|a 332/.042
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| 520 |
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|a 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
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| 520 |
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|a 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
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