Monetary and Exchange Rate Policy in Malaysia before the Asian Crisis
Data(s) |
07/12/2006
07/12/2006
01/12/2006
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Resumo |
This paper provides a case study to characterize the monetary policy regime in Malaysia, from a medium- and long-term perspective. Specifically, we ask how the central bank of Malaysia, Bank Negara Malaysia (BNM), has structured its monetary policy regime, and how it has conducted monetary and exchange rate policy under the regime. By conducting three empirical analyses, we characterize the monetary and exchange rate policy regime in Malaysia by three intermediate solutions on three vectors: the degree of autonomy in monetary policy, the degree of variability of the exchange rate, and the degree of capital mobility. |
Formato |
731078 bytes application/pdf |
Identificador |
IDE Discussion Paper. No. 79. 2006.12 http://hdl.handle.net/2344/255 IDE Discussion Paper 79 |
Idioma(s) |
en eng |
Publicador |
Institute of Developing Economies, JETRO 日本貿易振興機構アジア経済研究所 |
Palavras-Chave | #Monetary policy #Exchange rate #Capital control #Malaysia #Foreign exchange #Capital market #金融政策 #為替相場 #資本規制 #マレーシア #外国為替 #資本市場 #338.3 #AHMY Malaysia マレーシア #E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System #E58 - Central Banks and Their Policies #F41 - Open Economy Macroeconomics #332 |
Tipo |
Working Paper Technical Report |