Financial reform in Malaysia - an economic analysis

Many of the developing countries m the Asian region have witnessed rapid economic growth in recent years, with significant improvement m the welfare of most of its population as well as dramatic changes in its economic structure. In contrast, the world economy, in particular the industriali...

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Main Authors: Chan, Walter Kam Hon, Lim, Lee Ngoh, Tan, Sze Gar
Other Authors: Ng Beoy Kui
Format: Final Year Project
Language:English
Published: 2014
Subjects:
Online Access:http://hdl.handle.net/10356/55693
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Institution: Nanyang Technological University
Language: English
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spelling sg-ntu-dr.10356-556932023-05-19T07:23:08Z Financial reform in Malaysia - an economic analysis Chan, Walter Kam Hon Lim, Lee Ngoh Tan, Sze Gar Ng Beoy Kui Nanyang Business School DRNTU::Business Many of the developing countries m the Asian region have witnessed rapid economic growth in recent years, with significant improvement m the welfare of most of its population as well as dramatic changes in its economic structure. In contrast, the world economy, in particular the industrialised countries, has experienced poor performance. Malaysia, for one, is capturing the attention of many economists and academicians due to its phenomenal economic growth achieved in the last seven years. Malaysia's success story is due in large part to the comprehensive financial reform measures implemented since the 1970s. These measures were instituted in recognition of the fact that greater reliance on prices and on market forces would result in a better allocation of resources, more cdmpetition and ultimately, more output and faster growth.Malaysia's financial reform, like most other developing countries, took the form of liberalising the financial system and strengthening the financial structure. The former entailed liberalising interest rates, relaxing credit controls, adopting a more flexible exchange rate regime and liberalising the capital account. The latter encompassed instituting improvements to the financial system's regulatory and supervisory framework, widening the scope ofthe financial institutions' activities, expanding the number of financial instruments available, and deepening the money and capital markets. All these measures were implemented to promote a more sound, competitive, and efficient financial system which is capable of withstanding external shocks and responding in a more timely manner to the challenges of tomorrow. BUSINESS 2014-03-21T03:50:48Z 2014-03-21T03:50:48Z 1995 1995 Final Year Project (FYP) http://hdl.handle.net/10356/55693 en Nanyang Technological University 137 p. application/pdf
institution Nanyang Technological University
building NTU Library
continent Asia
country Singapore
Singapore
content_provider NTU Library
collection DR-NTU
language English
topic DRNTU::Business
spellingShingle DRNTU::Business
Chan, Walter Kam Hon
Lim, Lee Ngoh
Tan, Sze Gar
Financial reform in Malaysia - an economic analysis
description Many of the developing countries m the Asian region have witnessed rapid economic growth in recent years, with significant improvement m the welfare of most of its population as well as dramatic changes in its economic structure. In contrast, the world economy, in particular the industrialised countries, has experienced poor performance. Malaysia, for one, is capturing the attention of many economists and academicians due to its phenomenal economic growth achieved in the last seven years. Malaysia's success story is due in large part to the comprehensive financial reform measures implemented since the 1970s. These measures were instituted in recognition of the fact that greater reliance on prices and on market forces would result in a better allocation of resources, more cdmpetition and ultimately, more output and faster growth.Malaysia's financial reform, like most other developing countries, took the form of liberalising the financial system and strengthening the financial structure. The former entailed liberalising interest rates, relaxing credit controls, adopting a more flexible exchange rate regime and liberalising the capital account. The latter encompassed instituting improvements to the financial system's regulatory and supervisory framework, widening the scope ofthe financial institutions' activities, expanding the number of financial instruments available, and deepening the money and capital markets. All these measures were implemented to promote a more sound, competitive, and efficient financial system which is capable of withstanding external shocks and responding in a more timely manner to the challenges of tomorrow.
author2 Ng Beoy Kui
author_facet Ng Beoy Kui
Chan, Walter Kam Hon
Lim, Lee Ngoh
Tan, Sze Gar
format Final Year Project
author Chan, Walter Kam Hon
Lim, Lee Ngoh
Tan, Sze Gar
author_sort Chan, Walter Kam Hon
title Financial reform in Malaysia - an economic analysis
title_short Financial reform in Malaysia - an economic analysis
title_full Financial reform in Malaysia - an economic analysis
title_fullStr Financial reform in Malaysia - an economic analysis
title_full_unstemmed Financial reform in Malaysia - an economic analysis
title_sort financial reform in malaysia - an economic analysis
publishDate 2014
url http://hdl.handle.net/10356/55693
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