Malaysia: Selected Issues
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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.
Series:
Country Report No. 1999/086
Subject:
Banking Corporate sector Economic sectors Exchange rate flexibility Exchange rates Fiscal policy Foreign exchange Inflation targeting Monetary policy
English
Publication Date:
September 14, 1999
ISBN/ISSN:
9781451828306/1934-7685
Stock No:
1MYSEA0021999
Pages:
150
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