01890cas a2200277 a 4500 AALejournalIMF004035 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451863116 1018-5941 BD-DhAAL BD-DhAAL Tamirisa, Natalia. Malaysian Capital Controls : Macroeconomics and Institutions / Natalia Tamirisa, Simon Johnson, Kalpana Kochhar, Todd Mitton. Washington, D.C. : International Monetary Fund, 2006. 1 online resource (51 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students We analyze the capital controls imposed in Malaysia in September 1998. In macroeconomic terms, these controls neither yielded major benefits nor were costly. At the same time, the stock market interpreted the capital controls (and associated events) as favoring firms with stronger political connections, and some connected firms reportedly received advantages immediately following the crisis. Analysis of financial accounts indicates that connected firms outperformed unconnected firms before the 1997-98 crisis but not afterward. After the crisis, connected firms were either not supported as much as the market had expected or the benefits they received were not manifest in their published accounts. Mode of access: Internet Johnson, Simon. Kochhar, Kalpana. Mitton, Todd. IMF Working Papers; Working Paper ; No. 2006/051 Full text available on IMF http://elibrary.imf.org/view/journals/001/2006/051/001.2006.issue-051-en.xml IMF e-Library