05137oam 22013574 450 991078869850332120230828235816.01-4623-7806-41-4527-9454-51-283-51631-497866138287671-4519-0847-4(CKB)3360000000443803(EBL)3014353(SSID)ssj0000942108(PQKBManifestationID)11577319(PQKBTitleCode)TC0000942108(PQKBWorkID)10971516(PQKB)10126767(OCoLC)698585563(MiAaPQ)EBC3014353(IMF)WPIEE2006051(EXLCZ)99336000000044380320020129d2006 uf 0engurcn|||||||||txtccrMalaysian Capital Controls : Macroeconomics and Institutions /Natalia Tamirisa, Simon Johnson, Kalpana Kochhar, Todd MittonWashington, D.C. :International Monetary Fund,2006.1 online resource (51 p.)IMF Working Papers"February 2006."1-4518-6311-X Includes bibliographical references.""Contents""; ""I. INTRODUCTION""; ""II. BRIEF CHRONOLOGY OF CAPITAL CONTROLS AND MACROECONOMIC POLICIES""; ""III. MACROECONOMIC ISSUES""; ""IV. FIRM- LEVEL EVIDENCE""; ""V. CONCLUSION""; ""APPENDIX I. Coding of Firms""; ""REFERENCES""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.IMF Working Papers; Working Paper ;No. 2006/051Capital movementsGovernment policyMalaysiaFinancial crisesAsiaStocksMalaysiaBanks and BankingimfExports and ImportsimfFinancial Risk ManagementimfForeign ExchangeimfMoney and Monetary PolicyimfInternational InvestmentimfLong-term Capital MovementsimfMonetary SystemsimfStandardsimfRegimesimfGovernment and the Monetary SystemimfPayment SystemsimfFinancial CrisesimfBanksimfDepository InstitutionsimfMicro Finance InstitutionsimfMortgagesimfInternational economicsimfMonetary economicsimfEconomic & financial crises & disastersimfCurrencyimfForeign exchangeimfBankingimfCapital controlsimfCurrenciesimfFinancial crisesimfForeign exchange transactionsimfCapital movementsimfMoneyimfBanks and bankingimfMalaysiaimfCapital movementsGovernment policyFinancial crisesStocksBanks and BankingExports and ImportsFinancial Risk ManagementForeign ExchangeMoney and Monetary PolicyInternational InvestmentLong-term Capital MovementsMonetary SystemsStandardsRegimesGovernment and the Monetary SystemPayment SystemsFinancial CrisesBanksDepository InstitutionsMicro Finance InstitutionsMortgagesInternational economicsMonetary economicsEconomic & financial crises & disastersCurrencyForeign exchangeBankingCapital controlsCurrenciesFinancial crisesForeign exchange transactionsCapital movementsMoneyBanks and bankingTamirisa Natalia1098414Johnson Simon125487Kochhar Kalpana1546547Mitton Todd752149International Monetary Fund.Research Dept.DcWaIMFBOOK9910788698503321Malaysian Capital Controls3823312UNINA