• Corpus ID: 152967846

Malaysian Economy in Three Crises

  title={Malaysian Economy in Three Crises},
  author={Prema‐chandra Athukorala},
This paper examines macroeconomic experiences and policies of Malaysia with emphasis on the three major crisis episodes during the post independence era. It probes the nature and origin of the macroeconomic shocks and the institutional and ideological influences on policy formulation and the responses of economic agents, placing the three episodes in their historical, economic and political contexts. It is argued that fiscal profligacy was the root cause of Malaysia's vulnerability to the… 

Economic Crises in Southeast Asia

This paper explores episodes of financial crises and recessions experienced by the economies in Southeast Asia: the global debt crisis and the commodity price collapse in the 1980s, the Asian

The Best of Times and the Worst of Times: Indonesia and Economic Crises

This paper examines the experience of Indonesia during two major crisis episodes, the 1997-98 Asian financial crisis and the 2008-09 global economic recession. In the first episode, Indonesia

Globalisation and economic development: Malaysia's experience

  • Cassey Lee
  • Economics
    Globalisation and its Economic Consequences
  • 2021
The economic development of Malaysia has been strongly driven and shaped by globalisation, from the pre-colonial to the post-independence period. The country has harnessed trade, foreign capital, and

Determinants of External Debt: The Case of Malaysia

Since the 1980’s, Malaysia’s external debt has been on an increase as a result of several economic factors, including two economic crises. Rapid increase in the external debt has become a national

Key Lessons from Bear Markets in Malaysia 1990 – 2016

The objective of this paper is to review the salient features of major bear markets in Malaysia based on historical evidence. This paper seeks to provide an in-depth review and analysis of three key

Three essays on monetary policy and inflation in developing countries

The principal objective of this thesis is to evaluate appropriate measures of inflation which are to be applicable for implementing monetary policy in developing countries. The first essay attempts

Three Applications of Time-Varying Parameter and Stochastic Volatility Models to the Malaysian and Australian Economy

After the introductory chapter, this thesis comprises of three chapters that examines the application of time-varying parameter and stochastic volatility models to the Malaysian and Australian

Malaysian Financial Stress Index and Assessing its Impacts on the Economy

The study further investigates the link between the constructed financial stress index (FSI) and overall economic activity. We approximate the co-movement of the identified financial and economic

How Effective are Capital Controls? Evidence from Malaysia

This paper examines the role of capital controls as a macroeconomic policy tool in light of the Malaysian experience. It consists of an econometric analysis of quarterly data over the period

Revisiting the productivity growth and spillovers debate: the case of Malaysian manufacturing sector

Malaysia, a country which aspires to be an industrialised nation by the year 2020 is now facing the dilemma of industrialisation slowdown – ‘the middle-income trap’. The search for sources of