Series: IMF Working Papers
Author(s): Natalia Tamirisa , Simon Johnson , Kalpana Kochhar , and Todd Mitton
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 February 2006
Keywords: Asian crisis, political connections, stock price, stock market, stock returns, capital market, Macroeconomic Aspects of International Trade and Finance: General, General Financial Markets: Government Policy and Regulation, Corporate Finance and Governance: General,
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 capit...