Why are There Differences in the Resilience of Malaysia and Taiwan to Financial Crisis?

The article compares the development of the financial system and reform in Malaysia and Taiwan in relation to their capability to weather the 1997 financial crisis. It is argued that their differing performances during the crisis should be explained in terms of their ability to supplement the reform...

Full description

Saved in:
Bibliographic Details
Published in:European journal of development research 2002-06, Vol.14 (1), p.77-100
Main Authors: Fay, Chin Kok, Nordhaug, Kristen
Format: Article
Language:English
Subjects:
Banking
Capacity
Comparative analysis
Comparative economics
Development
Development and Social Change
Development Economics
Development Policy
Development Studies
Differences
Economic Crises
Economic crisis
Economic systems
Finance
Financial crisis
Financial reforms
Financial systems
Malaysia
Reforms
Regulation
Resilience
Social Sciences
Taiwan
Citations: Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:The article compares the development of the financial system and reform in Malaysia and Taiwan in relation to their capability to weather the 1997 financial crisis. It is argued that their differing performances during the crisis should be explained in terms of their ability to supplement the reform of financial system with prudent regulation. These policy differences are explained in terms of institutionalised commitment to the promotion of economic transformation and economic security in the two countries.
ISSN:0957-8811
1743-9728
DOI:10.1080/714000412