When the Asian financial crisis struck, Malaysia faced a devaluation of the ringgit and a mass exodus of capital, even when it raised interest rates at home. Additionally, it made use of monetary instruments, such as sterilisation and its reversal, to smooth out the effects of capital movements. Table of contents 1. How did Malaysia […]
According to NERP, fiscal and monetary policies need to be eased, government spending needs to be increased, and corporate debt should be restructured as well as special vehicles should be established to purchase and recapitalize non-performing loans. Table of contents 1. How did Malaysia Overcome Financial Crisis 2008? 2. How did Malaysia overcome the financial […]
economies because of its robust global demand for electronics and accommodating macroeconomic policy. Due to the surpluses in the external current account, international reserves were built up. Table of contents 1. How can the financial crisis be recovered? 2. What international organization helps the Asian countries recover from the Asian crisis of 1997? 3. What […]
Attempts by the Malaysian government to expand its fiscal policy date back to November 2008. Fiscal policy with an expansionary goal increases aggregate demand, spurs the economy to grow, reduces the unemployment rate and closes the recession gap. Table of contents 1. How did Malaysia Overcome Financial Crisis 1997? 2. How did Malaysia Overcome Financial […]
In 674 CE, Arabs first arrived on the Sumatran coast and introduced Islam. Muslims from Tamil India introduced Islam to Malaysia in the 12th century. Following his marriage to a Pasai princess, current-day Indonesia, he converted to Islam. Table of contents 1. When did Malaysia convert to Islam? 2. Was Malaysia a Hindu country? 3. […]