The primary objective of the capital controls was to close the off-shore ringgit market in Singapore, thereby helping reduce the short-term volatility in the exchange rates. However, another objective taken into consideration was the need to regain monetary independence so that the government could refocus on its monetary policy based on domestic conditions. By delinking monetary policy from exchange rate movements, it is asserted that the new measures...
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INFORMACIÓN
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1999/01/01
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Documento de trabajo
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98271
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1
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1
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2015/07/28
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Disclosed
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Malaysia - Capital controls and exit strategy
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capital control