The asian economic crisis and Malaysia’s responses: implications for the banking sector

• Main Authors: Balakrishnan Parasuraman, Beatrice Lim, Fumitaka Furuoka, Catherine Jikunan
• Format: Book Section
• Published: Springer Link 2013
• Online Access: http://discol.umk.edu.my/id/eprint/8519/; http://link.springer.com/chapter/10.1007%2F978-81-322-0532-6_8#page-1
• Institution: Universiti Malaysia Kelantan

The economic meltdown began in Thailand in July 1997 and spread to other countries in the region, such as Malaysia, Indonesia, the Philippines, and South Korea. This phenomenon was later called the “contagion effect.” To improve economic foundations, Thailand, Indonesia, and South Korea decided to a...