Malaysia: Selected Issues

September 14, 1999

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Format: Chicago

Malaysia: Selected Issues, (USA: International Monetary Fund, 1999) accessed September 27, 2024

Summary

This Selected Issues paper analyzes the use of capital controls and evolution of the capital control regime in Malaysia. The paper highlights that following a period of strong downward pressures on the ringgit, the Malaysian authorities introduced on September 1, 1998 a wide range of capital controls along with pegging the exchange rate at RM 3.8 vis-à-vis the U.S. dollar. The paper provides a brief review of Malaysia’s approach to capital account liberalization prior to September 1998. It also reviews the circumstances surrounding the imposition of the controls in September 1998, and their impact.

Subject: Banking, Corporate sector, Economic sectors, Exchange rate flexibility, Exchange rates, Fiscal policy, Foreign exchange, Inflation targeting, Monetary policy

Keywords: Asia and Pacific, Bank, Banking system, Corporate sector, CR, East Asia, Exchange rate, Exchange rate flexibility, Exchange rates, Export elasticity, Federal government, Federal government budget, Global, Government task, Inflation targeting, Investment program, ISCR, Malaysia, Private sector, Ringgit, States expenditure responsibility

Publication Details

Pages:

150
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1999/086
Stock No:

1MYSEA0021999
ISBN:

9781451828306
ISSN:

1934-7685

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