Malaysian capital controls (English)

Malaysian authorities implemented controls on international capital flows late in the Asian crisis, when most of the portfolio outflows had already occurred. The exchange rate had depreciated sharply and was fixed at an undervalued level, making further capital flight unlikely. The turnaround in the stock market, the return of positive GDP growth, the building of reserves, and the relaxation of interest rates all coincided with the imposition of controls...
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Citation

Hood,Ronald D..

Malaysian capital controls (English). Policy, Research working papers ; no. WPS 2536 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/546811468777284508

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