Financial Liberalization and Its Impact on Domestic Stabilization Policies : : Singapore and Malaysia / / Emil-Maria Claassen.
Full convertibility on the capital account brings with it the danger of real appreciation of the domestic currency as a consequence of additonal net capital imports. The real appreciation, in its turn, disfavours exports. At the end of the 1970s, Singapore and Malaysia had liberalized almost complet...
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Superior document: | Title is part of eBook package: De Gruyter Asian Studies Archive (pre 2000) eBook Package |
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Place / Publishing House: | Singapore : : ISEAS Publishing, , [1992] ©1992 |
Year of Publication: | 1992 |
Language: | English |
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Physical Description: | 1 online resource (36 p.) |
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Claassen, Emil-Maria, author. aut http://id.loc.gov/vocabulary/relators/aut Financial Liberalization and Its Impact on Domestic Stabilization Policies : Singapore and Malaysia / Emil-Maria Claassen. Singapore : ISEAS Publishing, [1992] ©1992 1 online resource (36 p.) text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda Frontmatter -- Table of Contents -- List of Figures -- Acknowledgements -- 1. Introduction: Real Appreciation as an Outcome of Financial Liberalization -- 2. Comparative Country Analysis -- 3. Singapore's Dilemma of Financial versus Commercial Priorities -- 4. Malaysia's Semi-Dutch Disease -- 5. Conclusion: Similarities and Differences of the Singaporean and Malaysian Experiment -- Notes -- References restricted access http://purl.org/coar/access_right/c_16ec online access with authorization star Full convertibility on the capital account brings with it the danger of real appreciation of the domestic currency as a consequence of additonal net capital imports. The real appreciation, in its turn, disfavours exports. At the end of the 1970s, Singapore and Malaysia had liberalized almost completely their international capital flows. Both countries experienced approximately the same growth and inflation rate. During the first hald of the 1980s, both currencies went through a considerable appreciation of their real efective exchange rates, since at that particular period both pegged their currencies to the U.S. dollar. In 1985, both were "an island of recession" when industrialized Asian and other developing countries passed through an economic boom. The recession was an outcome of their domestic stabilization policies. Singapore, which developed towards an international financial centre, had to assure the "quality" of its domestic currency in order to overcome the regualtory and fiscal advantages of Asian dollar deposits. The Singapore dollar became misaligned since financial priorities overruled commercial considerations. In contrast, Malaysia's real effective appreciation was the outcome of its huge government expenditures since it fell into the trap of the Dutch disease after the commodity price boom of 1979/80. Issued also in print. Mode of access: Internet via World Wide Web. In English. Description based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021) BUSINESS & ECONOMICS / Money & Monetary Policy. bisacsh Title is part of eBook package: De Gruyter Asian Studies Archive (pre 2000) eBook Package 9783110649680 Title is part of eBook package: De Gruyter ISEAS Archive eBook-Package 1970-1999 9783110606690 print 9789813016033 https://doi.org/10.1355/9789814414289 https://www.degruyter.com/isbn/9789814414289 Cover https://www.degruyter.com/cover/covers/9789814414289.jpg |
language |
English |
format |
eBook |
author |
Claassen, Emil-Maria, Claassen, Emil-Maria, |
spellingShingle |
Claassen, Emil-Maria, Claassen, Emil-Maria, Financial Liberalization and Its Impact on Domestic Stabilization Policies : Singapore and Malaysia / Frontmatter -- Table of Contents -- List of Figures -- Acknowledgements -- 1. Introduction: Real Appreciation as an Outcome of Financial Liberalization -- 2. Comparative Country Analysis -- 3. Singapore's Dilemma of Financial versus Commercial Priorities -- 4. Malaysia's Semi-Dutch Disease -- 5. Conclusion: Similarities and Differences of the Singaporean and Malaysian Experiment -- Notes -- References |
author_facet |
Claassen, Emil-Maria, Claassen, Emil-Maria, |
author_variant |
e m c emc e m c emc |
author_role |
VerfasserIn VerfasserIn |
author_sort |
Claassen, Emil-Maria, |
title |
Financial Liberalization and Its Impact on Domestic Stabilization Policies : Singapore and Malaysia / |
title_sub |
Singapore and Malaysia / |
title_full |
Financial Liberalization and Its Impact on Domestic Stabilization Policies : Singapore and Malaysia / Emil-Maria Claassen. |
title_fullStr |
Financial Liberalization and Its Impact on Domestic Stabilization Policies : Singapore and Malaysia / Emil-Maria Claassen. |
title_full_unstemmed |
Financial Liberalization and Its Impact on Domestic Stabilization Policies : Singapore and Malaysia / Emil-Maria Claassen. |
title_auth |
Financial Liberalization and Its Impact on Domestic Stabilization Policies : Singapore and Malaysia / |
title_alt |
Frontmatter -- Table of Contents -- List of Figures -- Acknowledgements -- 1. Introduction: Real Appreciation as an Outcome of Financial Liberalization -- 2. Comparative Country Analysis -- 3. Singapore's Dilemma of Financial versus Commercial Priorities -- 4. Malaysia's Semi-Dutch Disease -- 5. Conclusion: Similarities and Differences of the Singaporean and Malaysian Experiment -- Notes -- References |
title_new |
Financial Liberalization and Its Impact on Domestic Stabilization Policies : |
title_sort |
financial liberalization and its impact on domestic stabilization policies : singapore and malaysia / |
publisher |
ISEAS Publishing, |
publishDate |
1992 |
physical |
1 online resource (36 p.) Issued also in print. |
contents |
Frontmatter -- Table of Contents -- List of Figures -- Acknowledgements -- 1. Introduction: Real Appreciation as an Outcome of Financial Liberalization -- 2. Comparative Country Analysis -- 3. Singapore's Dilemma of Financial versus Commercial Priorities -- 4. Malaysia's Semi-Dutch Disease -- 5. Conclusion: Similarities and Differences of the Singaporean and Malaysian Experiment -- Notes -- References |
isbn |
9789814414289 9783110649680 9783110606690 9789813016033 |
url |
https://doi.org/10.1355/9789814414289 https://www.degruyter.com/isbn/9789814414289 https://www.degruyter.com/cover/covers/9789814414289.jpg |
illustrated |
Not Illustrated |
doi_str_mv |
10.1355/9789814414289 |
oclc_num |
1041992581 |
work_keys_str_mv |
AT claassenemilmaria financialliberalizationanditsimpactondomesticstabilizationpoliciessingaporeandmalaysia |
status_str |
n |
ids_txt_mv |
(DE-B1597)492205 (OCoLC)1041992581 |
carrierType_str_mv |
cr |
hierarchy_parent_title |
Title is part of eBook package: De Gruyter Asian Studies Archive (pre 2000) eBook Package Title is part of eBook package: De Gruyter ISEAS Archive eBook-Package 1970-1999 |
is_hierarchy_title |
Financial Liberalization and Its Impact on Domestic Stabilization Policies : Singapore and Malaysia / |
container_title |
Title is part of eBook package: De Gruyter Asian Studies Archive (pre 2000) eBook Package |
_version_ |
1806145948724756480 |
fullrecord |
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