Malaysian Capital Controls : : Macroeconomics and Institutions / / Natalia Tamirisa, Simon Johnson, Kalpana Kochhar, Todd Mitton

• Autore: Tamirisa Natalia
• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2006
• Descrizione fisica: 1 online resource (51 p.)
• Soggetto topico: Capital movements - Government policy - Malaysia; Financial crises - Asia; Stocks - Malaysia; Banks and Banking; Exports and Imports; Financial Risk Management; Foreign Exchange; Money and Monetary Policy; International Investment; Long-term Capital Movements; Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems; Financial Crises; Banks; Depository Institutions; Micro Finance Institutions; Mortgages; International economics; Monetary economics; Economic & financial crises & disasters; Currency; Foreign exchange; Banking; Capital controls; Currencies; Financial crises; Foreign exchange transactions; Capital movements; Money; Banks and banking
• Soggetto geografico: Malaysia
• Altri autori: JohnsonSimon KochharKalpana MittonTodd
• Note generali: "February 2006."
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: ""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""
• Sommario/riassunto: 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.
• Titolo autorizzato: Malaysian Capital Controls
• ISBN: 1-4623-7806-4; 1-4527-9454-5; 1-283-51631-4; 9786613828767; 1-4519-0847-4
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910826086903321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers; Working Paper ; ; No. 2006/051