An Assessment of Malaysian Monetary Policy during the Global Financial Crisis of 2008-09

Working Paper No. 12/35

Nopic
Malaysia was hit hard by the global financial crisis of 2008-09. Anticipating the downturn that would follow the episode of extreme financial turbulence, Bank Negara Malaysia (BNM) let the exchange rate depreciate as capital flowed out, and preemptively cut the policy rate by 150 basis points. Against this backdrop, this paper tries to quantify... READ MORE...

Publication date: January 2012
ISBN 9781463933203
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Publication date: January 2012

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Publication date: January 2012

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