Kód: 04849175
This work is an analysis of the reasons for the economic crisis in Malaysia and the role of capital controls in its recovery. The author shows how Malaysia generated its own vulnerability to the contagion from the Thai collapse, b ... celý popis
2840 Kč
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This work is an analysis of the reasons for the economic crisis in Malaysia and the role of capital controls in its recovery. The author shows how Malaysia generated its own vulnerability to the contagion from the Thai collapse, but also makes use of desegregated data to demonstrate that the government's adoption of capital controls worked. Adjustment was achieved at lower social cost than without capital controls. As far as crisis management is concerned the orthodox critics were confounded. But Athukorala has his reservations that some of the rescue operations may have sustained inefficient and weakly financial institutions and may represent a hazard for long term prosperity. This is a fascinating story of one of the most successful economies in the world economy in the last decades, from the inception of its liberalization policy to its radical decision to pursue an independent recovery path after the 1997 Asian financial crisis.
Zařazení knihy Knihy v angličtině Economics, finance, business & management Economics
2840 Kč
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