IMF Staff Country Reports

Malaysia: Selected Issues

September 14, 1999

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Malaysia: Selected Issues, (USA: International Monetary Fund, 1999) accessed December 24, 2024

Summary

This Selected Issues paper analyzes the use of capital controls and evolution of the capital control regime in Malaysia. The paper highlights that following a period of strong downward pressures on the ringgit, the Malaysian authorities introduced on September 1, 1998 a wide range of capital controls along with pegging the exchange rate at RM 3.8 vis-à-vis the U.S. dollar. The paper provides a brief review of Malaysia’s approach to capital account liberalization prior to September 1998. It also reviews the circumstances surrounding the imposition of the controls in September 1998, and their impact.

Subject: Banking, Corporate sector, Economic sectors, Exchange rate flexibility, Exchange rates, Fiscal policy, Foreign exchange, Inflation targeting, Monetary policy

Keywords: Asia and Pacific, Bank, Banking system, Corporate sector, CR, East Asia, Exchange rate, Exchange rate flexibility, Exchange rates, Export elasticity, Federal government, Federal government budget, Global, Government task, Inflation targeting, Investment program, ISCR, Malaysia, Private sector, Ringgit, States expenditure responsibility

Publication Details

  • Pages:

    150

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 1999/086

  • Stock No:

    1MYSEA0021999

  • ISBN:

    9781451828306

  • ISSN:

    1934-7685