Malaysia: Selected Issues
IMF Staff Country Reports, September 14, 1999
Source details
- Canonical URL
- Malaysia: Selected Issues
Other formats
Bibliographic details
- Published: September 14, 1999
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451828306.002
Summary and central focus
- 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.
Capital controls: chronology and measures
- Introduction of a wide range of capital controls on September 1, 1998.
- Pegging of the exchange rate at RM 3.8 vis-à-vis the U.S. dollar following strong downward pressures on the ringgit.
Scope of analysis
- Review of Malaysia’s approach to capital account liberalization prior to September 1998.
- Review of the circumstances surrounding the imposition of the controls in September 1998.
- Assessment of the impact of the controls.
Thematic subjects covered
- Banking
- Corporate sector
- Economic sectors
- Exchange rate flexibility
- Exchange rates
- Fiscal policy
- Foreign exchange
- Inflation targeting
- Monetary policy
Keywords (as provided)
- 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
Content in this bundle
- Malaysia: Selected Issues