Malaysian Capital Controls : Macroeconomics and Institutions /

We analyze the capital controls imposed in Malaysia in September 1998. In macroeconomic terms, these controls neither yielded major benefits nor were costly. At the same time, the stock market interpreted the capital controls (and associated events) as favoring firms with stronger political connecti...

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Manylion Llyfryddiaeth
Prif Awdur: Tamirisa, Natalia
Awduron Eraill: Johnson, Simon, Kochhar, Kalpana, Mitton, Todd
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2006.
Cyfres:IMF Working Papers; Working Paper ; No. 2006/051
Mynediad Ar-lein:Full text available on IMF
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020 |z 9781451863116 
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100 1 |a Tamirisa, Natalia. 
245 1 0 |a Malaysian Capital Controls :   |b Macroeconomics and Institutions /  |c Natalia Tamirisa, Simon Johnson, Kalpana Kochhar, Todd Mitton. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2006. 
300 |a 1 online resource (51 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a We analyze the capital controls imposed in Malaysia in September 1998. In macroeconomic terms, these controls neither yielded major benefits nor were costly. At the same time, the stock market interpreted the capital controls (and associated events) as favoring firms with stronger political connections, and some connected firms reportedly received advantages immediately following the crisis. Analysis of financial accounts indicates that connected firms outperformed unconnected firms before the 1997-98 crisis but not afterward. After the crisis, connected firms were either not supported as much as the market had expected or the benefits they received were not manifest in their published accounts. 
538 |a Mode of access: Internet 
700 1 |a Johnson, Simon. 
700 1 |a Kochhar, Kalpana. 
700 1 |a Mitton, Todd. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2006/051 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2006/051/001.2006.issue-051-en.xml  |z IMF e-Library