{
  "title": "Malaysia: Selected Issues",
  "publication": "IMF Staff Country Reports, September 14, 1999",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/30/malaysia-selected-issues-3227",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2016/12/30/malaysia-selected-issues-3227",
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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 control",
  "sections": [
    {
      "heading": "Summary and central focus",
      "content": "- This Selected Issues paper analyzes the use of capital controls and evolution of the capital control regime in Malaysia.\n- 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.\n- The paper provides a brief review of Malaysia’s approach to capital account liberalization prior to September 1998.\n- It also reviews the circumstances surrounding the imposition of the controls in September 1998, and their impact."
    },
    {
      "heading": "Capital controls: chronology and measures",
      "content": "- Introduction of a wide range of capital controls on September 1, 1998.\n- Pegging of the exchange rate at RM 3.8 vis-à-vis the U.S. dollar following strong downward pressures on the ringgit."
    },
    {
      "heading": "Scope of analysis",
      "content": "- Review of Malaysia’s approach to capital account liberalization prior to September 1998.\n- Review of the circumstances surrounding the imposition of the controls in September 1998.\n- Assessment of the impact of the controls."
    },
    {
      "heading": "Thematic subjects covered",
      "content": "- Banking\n- Corporate sector\n- Economic sectors\n- Exchange rate flexibility\n- Exchange rates\n- Fiscal policy\n- Foreign exchange\n- Inflation targeting\n- Monetary policy"
    },
    {
      "heading": "Keywords (as provided)",
      "content": "- Asia and Pacific\n- bank\n- banking system\n- Corporate sector\n- CR\n- East Asia\n- exchange rate\n- Exchange rate flexibility\n- Exchange rates\n- export elasticity\n- federal government\n- federal government budget\n- Global\n- government task\n- Inflation targeting\n- investment program\n- ISCR\n- Malaysia\n- private sector\n- ringgit\n- states expenditure responsibility\n\n---\n\n Content in this bundle\n\n- Malaysia:  Selected Issues\n  - Malaysia:  Selected Issues (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Malaysia:  Selected Issues (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/cr/issues/2016/12/30/malaysia-selected-issues-3227/index.md)",
    "[Structured JSON version](/en/publications/cr/issues/2016/12/30/malaysia-selected-issues-3227/index.json)",
    "[Bundle manifest](/en/publications/cr/issues/2016/12/30/malaysia-selected-issues-3227/bundle-manifest.json)",
    "Published: September 14, 1999",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451828306.002",
    "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.",
    "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.",
    "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.",
    "Asia and Pacific",
    "bank",
    "banking system",
    "CR",
    "East Asia",
    "exchange rate",
    "export elasticity",
    "federal government",
    "federal government budget",
    "Global",
    "government task",
    "investment program",
    "ISCR",
    "Malaysia",
    "private sector",
    "ringgit",
    "states expenditure responsibility",
    "**Malaysia:  Selected Issues**"
  ],
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      "title": "Malaysia:  Selected Issues",
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      "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/1999/_cr9986.pdf",
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