On 1 September 1998, the Malaysian Government has introduced currency and capital controls in response to the financial crisis that swept Asia. Control caused a huge controversy in the world of international finance. Some noted management to isolate the Malaysian economy from volatile international financial system. Others criticized the administration for catching investors and allowing the government to protect the interests of "friend." This discussion also raised the fundamental question of the future of the international financial architecture: What is the proper balance between the financial market and the discretion of the Government in the management of the global economy "Hide
by Ravi Abdelal, Laura Alfaro Source: Harvard Business School 31 pages. Publication date: April 15, 2002. Prod. #: 702040-PDF-ENG
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