The East Asian Crisis : An Analysis of Remedies Applied to Malaysia and Indonesia

The East Asian Crisis : An Analysis of Remedies Applied to Malaysia and Indonesia

Development in Malaysia and Indonesia was similar until 1997, when the financial crisis hit many countries in the region. But after Malaysia introduced controls on capital outflows and a fixed exchange rate regime („unorthodox‟ policies), with Indonesia following the advice of the IMF („orthodox‟ po...

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Main Author: Marion Pircher
Format: Article
Language:English
Published: Universitas Sebelas Maret 2012-04-01
Series:Jurnal Akuntansi dan Bisnis
Online Access:https://jab.fe.uns.ac.id/index.php/jab/article/view/50
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spelling doaj-ee0f15167aa04accb483ad9893d7ce7a2020-11-25T02:58:15ZengUniversitas Sebelas MaretJurnal Akuntansi dan Bisnis1412-08522580-54442012-04-016210.20961/jab.v6i2.5049The East Asian Crisis : An Analysis of Remedies Applied to Malaysia and IndonesiaMarion Pircher0PhD Student University of ViennaDevelopment in Malaysia and Indonesia was similar until 1997, when the financial crisis hit many countries in the region. But after Malaysia introduced controls on capital outflows and a fixed exchange rate regime („unorthodox‟ policies), with Indonesia following the advice of the IMF („orthodox‟ policies) the countries experienced different development paths. In this paper the remedies employed by the two countries were compared. A „difference-in-difference‟ technique and a ratio analysis were used. The comparison shows that Malaysia recovered faster with lower costs for the economy, while Indonesia began its recovery only in 2002 with a huge burden for the future.https://jab.fe.uns.ac.id/index.php/jab/article/view/50
collection DOAJ
language English
format Article
sources DOAJ
author Marion Pircher
spellingShingle Marion Pircher
The East Asian Crisis : An Analysis of Remedies Applied to Malaysia and Indonesia
Jurnal Akuntansi dan Bisnis
author_facet Marion Pircher
author_sort Marion Pircher
title The East Asian Crisis : An Analysis of Remedies Applied to Malaysia and Indonesia
title_short The East Asian Crisis : An Analysis of Remedies Applied to Malaysia and Indonesia
title_full The East Asian Crisis : An Analysis of Remedies Applied to Malaysia and Indonesia
title_fullStr The East Asian Crisis : An Analysis of Remedies Applied to Malaysia and Indonesia
title_full_unstemmed The East Asian Crisis : An Analysis of Remedies Applied to Malaysia and Indonesia
title_sort east asian crisis : an analysis of remedies applied to malaysia and indonesia
publisher Universitas Sebelas Maret
series Jurnal Akuntansi dan Bisnis
issn 1412-0852
2580-5444
publishDate 2012-04-01
description Development in Malaysia and Indonesia was similar until 1997, when the financial crisis hit many countries in the region. But after Malaysia introduced controls on capital outflows and a fixed exchange rate regime („unorthodox‟ policies), with Indonesia following the advice of the IMF („orthodox‟ policies) the countries experienced different development paths. In this paper the remedies employed by the two countries were compared. A „difference-in-difference‟ technique and a ratio analysis were used. The comparison shows that Malaysia recovered faster with lower costs for the economy, while Indonesia began its recovery only in 2002 with a huge burden for the future.
url https://jab.fe.uns.ac.id/index.php/jab/article/view/50
work_keys_str_mv AT marionpircher theeastasiancrisisananalysisofremediesappliedtomalaysiaandindonesia
AT marionpircher eastasiancrisisananalysisofremediesappliedtomalaysiaandindonesia
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