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...
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2020
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my.sunway.eprints.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 |
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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 |
| 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. |
| format |
Article |
| 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. |
| title |
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_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_sort |
on imf debt and capital control: evidence from malaysia, thailand, indonesia, the philippines and south korea |
| publisher |
Emerald |
| publishDate |
2020 |
| url |
http://eprints.sunway.edu.my/1414/ http://doi.org/10.1108/JFRC-08-2019-0108 |
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1680323435263164416 |
| score |
13.160551 |