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: | Chapter In Book |
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| Keyword: | International Monetary Fund, Trade Union, Banking Sector, Capital Account, Capital Control |
| Subjects: | H Social Sciences > HG Finance |
| Department: | FACULTY > Faculty of Business, Economics and Accounting |
| Depositing User: | MUNIRA BINTI MARASAN - |
| Date Deposited: | 20 Jun 2018 08:53 |
| Last Modified: | 20 Jun 2018 08:53 |
| URI: | https://eprints.ums.edu.my/id/eprint/20186 |
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