The asian economic crisis and Malaysia’s responses: implications for the banking sector

Balakrishnan Parasuraman, and Beatrice Lim, and Fumitaka Furuoka, and Catherine Jikunan, (2013) The asian economic crisis and Malaysia’s responses: implications for the banking sector. In: Recession and Its Aftermath Adjustments in the United States, Australia, and the Emerging Asia. Springer Link, pp. 157-177. ISBN 9788132205319

Official URL: http://link.springer.com/chapter/10.1007%2F978-81-...

Abstract

The economic meltdown began in Thailand in July 1997 and spread to other countries in the region, such as Malaysia, Indonesia, the Philippines, and South Korea. This phenomenon was later called the “contagion effect.” To improve economic foundations, Thailand, Indonesia, and South Korea decided to ask for and received rescue packages from the International Monetary Fund (IMF). However, as the IMF’s conditions were very strict, some experts doubted the validity of the IMF’s policies.

Item Type: Book Section
ISBN: 9788132205319
Faculty: Faculty of Entrepreneurship and Business
Deposited By: En. Pahmi Abdullah
Date Deposited: 18 Mar 2013 10:06
Last Modified: 18 Mar 2013 10:12
URI: http://umkeprints.umk.edu.my/id/eprint/1429

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