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ZUBAIR HASAN∗. This paper argues that the 1997-98 financial crisis did not hit Malaysia because the economic fundamentals of the country were weak. It was the result of massive unpredictable flight of short-term portfolio investment from the region including Malaysia.
One of the most significant events in the history of the Malaysian economy was the Asian financial crisis, which caused Malaysia's GDP to shrink from US$100.8 billion in 1996 to US$72.2 billion in 1998.
19 maj 2020 · Bermula 1 September 1998, Malaysia telah melaksanakan kawalan modal dengan mengehadkan pembelian aset-aset kewangan di Malaysia. Simpanan Ringgit yang berada diluar negara pula dibekukan untuk mengelak spekulasi berpanjangan. Pada 2 September, nilai matawang Ringgit telah ditambat kepada RM3.80 untuk setiap dolar Amerika.
The Malaysian economy contracted by nearly 7 percent in 1998, recovered to 8 percent growth in 2000, slipped again to under 1 percent in 2001 and has since stabilized at between 4 and 5 percent growth in 2002-04.
Pada 7 September 1998, perdana menteri melantik Tan Sri Ali Abul Hassan sebagai gabenor dan Dr Zeti sebagai timbalannya. Tan Sri Ali Abul Hassan memegang jawatan tersebut sehingga 30 April 2000 dan telah menerajui Bank Negara Malaysia dalam tempoh selepas krisis kewangan.
Salah satu peristiwa paling penting dalam sejarah ekonomi Malaysia adalah Krisis Kewangan Asia, yang menyebabkan KDNK Malaysia mengecil dari US $ 100.8 bilion pada tahun 1996 kepada AS $ 72.2 bilion pada tahun 1998.
Knowledge of Malaysia’s economic history is essential for understanding the country’s present day social, demographic and economic achievements and challenges. The twentieth century was an amazingly eventful and transformative period.
