全球智库信息集成服务系统(G2TT): Did the Malaysian Capital Controls Work?

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w8142
来源ID	Working Paper 8142
	Did the Malaysian Capital Controls Work?
	Ethan Kaplan; Dani Rodrik
发表日期	2001-02-01
出版年	2001
语种	英语
摘要	Malaysia recovered from the Asian financial crisis swiftly after the imposition of capital controls in September 1998. The fact that Korea and Thailand recovered in parallel has been interpreted as suggesting that capital controls did not play a significant role in facilitating Malaysia's rebound. However, the financial crisis was deepening in Malaysia in the summer of 1998, while it had significantly eased up in Korea and Thailand. We employ a time-shifted differences-in- differences technique to exploit the differences in the timing of the crises. Compared to IMF programs, we find that the Malaysian policies produced faster economic recovery, smaller declines in employment and real wages, and more rapid turnaround in the stock market.
主题	International Economics ; International Finance ; Development and Growth ; Country Studies
URL	https://www.nber.org/papers/w8142
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/565735
推荐引用方式 GB/T 7714	Ethan Kaplan,Dani Rodrik. Did the Malaysian Capital Controls Work?. 2001.