Did the Malaysian Capital Controls Work

By E. Kaplan, Dani Rodrik. 2001

376 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/adfaeed6601f61d24f53c0e0ea258618ae761f8b

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Citations in the corpus

Emerging Markets Finance (2003, background): “Malaysia temporarily re-imposed capital controls, which deemed successful by some (see Kaplan and Rodrik, 2002).”
Cronyism and capital controls: evidence from Malaysia☆ (2001, positive): “Some general reflationary measures were taken, including cutting interest rates and making credit more readily available to consumers and firms (Kaplan and Rodrik 2001, Mahathir 2000, Chapter 8).”
Capital Account Liberalization and Growth: Was Mr. Mahathir Right? (2003, neutral): “On Malaysian experience with controls, see Kaplan and Rodrik (2001).”
Capital Management Techniques In Developing Countries: An Assessment of Experiences from the 1990's and Lessons For the Future (2003, positive): “It is difficult, however, to estimate the economic costs of political favoritism [Jomo, 2001; Kaplan and Rodrik, 2002; Johnson and Mitton 2002].”
Public Debts and Private Assets: Explaining Capital Flight from Sub-Saharan African Countries (2002, neutral): “also Kaplan and Rodrik (2001).”
Rethinking the Emerging Post‐Washington Consensus (2005, background): “It can be argued that this non-orthodox instrument helped insulate Malaysia from the vagaries of the Asian crisis which has proved to be so costly for other countries in the region such as Thailand and Indonesia (see Kaplan and Rodrik, 2001).”
Global Asset Prices and FOMC Announcements (2006, positive): “…and Warnock’s (2003) interpretation of Foreign Eligibility as a proxy for the degree of capital control for each country’s equity market, our results suggest that capital controls do insulate countries from foreign monetary shocks, as other studies have documented (e.g., Kaplan and Rodrik (2001)).”
Not Your Grandfather’s IMF: Global Crisis, ‘Productive Incoherence’ and Developmental Policy Space (significantly revised) (2011, background): “…on capital outflows a “step back” (Bloomberg, 6 May 2010], and a representative article in the international business press stated that “foreign investors in Malaysia have been expropriated, and the Malaysians will bear the cost of their distrust for years” [cited in Kaplan and Rodrik, 2001:11].”
Pathways to a World City: Shanghai Rising in an Era of Globalisation (2002, background): “And Malaysian experience with capital controls during 1998/99 suggests that the economy may have performed better relative to Korea and Thailand when the latter countries were implementing programmes required by the International Monetary Fund (Kaplan and Rodrik, 2000).”