The Asian economic crisis and Malaysia's responses: Implications for the banking sector

Balakrishnan Parasuraman, and Lim, Beatrice and Furuoka, Fumitaka and Catherine Jikunan, and Lomay Chiun, (2013) The Asian economic crisis and Malaysia's responses: Implications for the banking sector. Recession and Its Aftermath: Adjustments in the United States, Australia, and the Emerging Asia. pp. 157-177. ISSN 978-813220532-6

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Abstract

The economic meltdown began in Thailand in July 1997 and spread to other countries in the region, such as Malaysia, Indonesia, the Philippines, and South Korea. This phenomenon was later called the contagion effect. To improve economic foundations, Thailand, Indonesia, and South Korea decided to ask for and received rescue packages from the International Monetary Fund (IMF). However, as the IMF's conditions were very strict, some experts doubted the validity of the IMF's policies.

Item Type: Book Chapter
Uncontrolled Keywords: International Monetary Fund, Trade Union, Banking Sector, Capital Account, Capital Control
Subjects: H Social Sciences > HG Finance
Divisions: FACULTY > Faculty of Business, Economics and Accounting
Depositing User: Munira
Date Deposited: 20 Jun 2018 00:53
Last Modified: 20 Jun 2018 00:53
URI: http://eprints.ums.edu.my/id/eprint/20186

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