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Malaysian Capital Controls : Macroeconomics and Institutions /

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 connecti...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Tamirisa, Natalia T.
Autor Corporativo: International Monetary Fund
Otros Autores: Johnson, Simon, Kochhar, Kalpana, Mitton, Todd
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington, D.C. : International Monetary Fund, 2006.
Colección:IMF Working Papers ; Working Paper no. 06/51.
Temas:
Acceso en línea:Texto completo

MARC

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100 1 |a Tamirisa, Natalia T. 
245 1 0 |a Malaysian Capital Controls :  |b Macroeconomics and Institutions /  |c Tamirisa, Natalia T. 
260 |a Washington, D.C. :  |b International Monetary Fund,  |c 2006. 
300 |a 1 online resource (51 pages) 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
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490 1 |a IMF Working Papers,  |x 2227-8885 ;  |v Working Paper No. 06/51 
500 |a Available in PDF, ePUB, and Mobi formats on the Internet. 
520 3 |a 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. 
505 0 |a 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 
590 |a ProQuest Ebook Central  |b Ebook Central Academic Complete 
650 0 |a Capital movements  |x Government policy  |z Malaysia. 
650 0 |a Financial crises  |z Asia. 
650 0 |a Stocks  |z Malaysia. 
650 6 |a Mouvements de capitaux  |x Politique gouvernementale  |z Malaisie. 
650 6 |a Actions (Titres de société)  |z Malaisie. 
650 7 |a Capital movements  |x Government policy  |2 fast 
650 7 |a Financial crises  |2 fast 
650 7 |a Stocks  |2 fast 
651 7 |a Asia  |2 fast  |1 https://id.oclc.org/worldcat/entity/E39PBJxMpyjKQ9Jtm3jkjPBgKd 
651 7 |a Malaysia  |2 fast  |1 https://id.oclc.org/worldcat/entity/E39PBJqfKJqbTdKPv6g8b3Hpyd 
700 1 |a Tamirisa, Natalia T. 
700 1 |a Johnson, Simon. 
700 1 |a Kochhar, Kalpana. 
700 1 |a Mitton, Todd. 
710 2 |a International Monetary Fund. 
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830 0 |a IMF Working Papers ;  |v Working Paper no. 06/51. 
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