On IMF debt and capital control: evidence from Malaysia, Thailand, Indonesia, the Philippines and South Korea
Purpose:This study aims to investigate the effects of capital control and external debts after the 1997 financial crisis. Design/methodology/approach: Using system estimation approach, the authors estimate a panel data-based econometric model for data on Malaysia, Thailand, Indonesia, the Philippin...
| Main Authors: | , , , |
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| Format: | Article |
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Emerald
2020
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| Online Access: | http://eprints.sunway.edu.my/1414/ |
| _version_ | 1848802052712431616 |
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| author | Mohamad, A. Imitiaz, M. S. Mohd Thas Thaker, Hassanudin * Anwar, M. N. |
| author_facet | Mohamad, A. Imitiaz, M. S. Mohd Thas Thaker, Hassanudin * Anwar, M. N. |
| author_sort | Mohamad, A. |
| building | SU Institutional Repository |
| collection | Online Access |
| description | Purpose:This study aims to investigate the effects of capital control and external debts after the 1997 financial crisis.
Design/methodology/approach: Using system estimation approach, the authors estimate a panel data-based econometric model for data on Malaysia, Thailand, Indonesia, the Philippines and South Korea from 1990 to 2017.
Findings: The authors find that on average, the crisis-hit South East Asian economies choosing external debt perform better in achieving greater economic growth and rebound better compared to economies imposing capital control.
Originality/value: This study attempts to answer whether a crisis-hit country should impose capital control or opt for external debt to recuperate from the crisis. |
| first_indexed | 2025-11-14T21:17:13Z |
| format | Article |
| id | sunway-1414 |
| institution | Sunway University |
| institution_category | Local University |
| last_indexed | 2025-11-14T21:17:13Z |
| publishDate | 2020 |
| publisher | Emerald |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | sunway-14142020-10-06T02:43:16Z http://eprints.sunway.edu.my/1414/ On IMF debt and capital control: evidence from Malaysia, Thailand, Indonesia, the Philippines and South Korea Mohamad, A. Imitiaz, M. S. Mohd Thas Thaker, Hassanudin * Anwar, M. N. HF Commerce Purpose:This study aims to investigate the effects of capital control and external debts after the 1997 financial crisis. Design/methodology/approach: Using system estimation approach, the authors estimate a panel data-based econometric model for data on Malaysia, Thailand, Indonesia, the Philippines and South Korea from 1990 to 2017. Findings: The authors find that on average, the crisis-hit South East Asian economies choosing external debt perform better in achieving greater economic growth and rebound better compared to economies imposing capital control. Originality/value: This study attempts to answer whether a crisis-hit country should impose capital control or opt for external debt to recuperate from the crisis. Emerald 2020-07-31 Article PeerReviewed Mohamad, A. and Imitiaz, M. S. and Mohd Thas Thaker, Hassanudin * and Anwar, M. N. (2020) On IMF debt and capital control: evidence from Malaysia, Thailand, Indonesia, the Philippines and South Korea. Journal of Financial Regulation and Compliance. ISSN 1358-1988 http://doi.org/10.1108/JFRC-08-2019-0108 doi:10.1108/JFRC-08-2019-0108 |
| spellingShingle | HF Commerce Mohamad, A. Imitiaz, M. S. Mohd Thas Thaker, Hassanudin * Anwar, M. N. On IMF debt and capital control: evidence from Malaysia, Thailand, Indonesia, the Philippines and South Korea |
| title | On IMF debt and capital control: evidence from Malaysia, Thailand, Indonesia, the Philippines and South Korea |
| title_full | On IMF debt and capital control: evidence from Malaysia, Thailand, Indonesia, the Philippines and South Korea |
| title_fullStr | On IMF debt and capital control: evidence from Malaysia, Thailand, Indonesia, the Philippines and South Korea |
| title_full_unstemmed | On IMF debt and capital control: evidence from Malaysia, Thailand, Indonesia, the Philippines and South Korea |
| title_short | On IMF debt and capital control: evidence from Malaysia, Thailand, Indonesia, the Philippines and South Korea |
| title_sort | on imf debt and capital control: evidence from malaysia, thailand, indonesia, the philippines and south korea |
| topic | HF Commerce |
| url | http://eprints.sunway.edu.my/1414/ http://eprints.sunway.edu.my/1414/ http://eprints.sunway.edu.my/1414/ |