Mohamad, A. and Imitiaz, M. S. and Mohd Thas Thaker, Hassanudin * and Anwar, M. N. (2020) On IMF debt and capital control: evidence from Malaysia, Thailand, Indonesia, the Philippines and South Korea. Journal of Financial Regulation and Compliance. ISSN 1358-1988
Full text not available from this repository.Abstract
Purpose:This study aims to investigate the effects of capital control and external debts after the 1997 financial crisis. Design/methodology/approach: Using system estimation approach, the authors estimate a panel data-based econometric model for data on Malaysia, Thailand, Indonesia, the Philippines and South Korea from 1990 to 2017. Findings: The authors find that on average, the crisis-hit South East Asian economies choosing external debt perform better in achieving greater economic growth and rebound better compared to economies imposing capital control. Originality/value: This study attempts to answer whether a crisis-hit country should impose capital control or opt for external debt to recuperate from the crisis.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | IMF; financial crisis; capital control; external debt; economic growth; F30; F43 |
| Subjects: | H Social Sciences > HF Commerce |
| Divisions: | Others > Non Sunway Academics Sunway University > Sunway Business School [formerly Sunway University Business School until 2023] > Dept. Economics & Finance |
| Depositing User: | Dr Janaki Sinnasamy |
| Related URLs: | |
| Date Deposited: | 30 Sep 2020 05:47 |
| Last Modified: | 06 Oct 2020 02:43 |
| URI: | http://eprints.sunway.edu.my/id/eprint/1414 |
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