The Economy/ Contents

Malaysia’s innovative response to the financial crisis

H. Osman Rani, M. Anuar Adnan and Mohamed Aslam

Currency

In 1997, the actions of currency speculators triggered a series of inter-related events in Asia that very quickly changed the prevailing scenario from one of rapid expansion to one of immense economic and social hardship. Malaysia’s response, which departed from the prescribed measures of the International Monetary Fund (IMF), ultimately proved successful in minimizing the effects of the crisis.

  • Information in the full article includes
  • Setting the scene
  • The currency crisis hits
  • The impact of the crisis