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Essay Question By using article form google scholar , elaborate how Malaysian Government has successfully overcome...

Essay Question By using article form google scholar , elaborate how Malaysian Government has successfully overcome the Asian Financial Crisis 1997/1998.

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Answer: Malaysian Government has successfully overcome the Asian Financial Crisis 1997/1998 by following Measures.

1. Introduction of strong currency & capital controls.

2. The exchange rate of Ringgit fixed to RM3.8 per dollar from the pre-crisis rate of RM2.50 per dollar.

3. The deputy Prime minister & finance minister was dismissed.

4. Strict controls on private Borrowings.

5. Strict control over the black market of foreign currencies in malaysia

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