Publication
2005
This paper reviews the efficacy and transferability of Malaysia's capital control regime, which it imposed during the 1997-1998 Asian financial crisis. The author argues that capital controls are beneficial; they prevent capital outflows during crises and help retain capital at other times to stimulate economic growth. The author maintains that given the similarity of Vietnam's economy to that of Malaysia, Vietnam should also institute a capital control regime.
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English (PDF, 19 pages, 155 KB) |
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Author | Tam Bang Vu |
Series | East-West Center Working Papers |
Publisher | East-West Center (EWC) |
Copyright | © 2005 East-West Center (EWC) |