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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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 |
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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 |
_version_ |
1772825290600349696 |