TY  - JOUR
AB  - Purpose This study aims to investigate the effects of capital control and external debts after the 1997 financial crisis.Design/methodology/approach Using system estimation approach, the authors estimate a panel data-based econometric model for data on Malaysia, Thailand, Indonesia, the Philippines and South Korea from 1990 to 2017.Findings The authors find that on average, the crisis-hit South East Asian economies choosing external debt perform better in achieving greater economic growth and rebound better compared to economies imposing capital control.Originality/value This study attempts to answer whether a crisis-hit country should impose capital control or opt for external debt to recuperate from the crisis.
VL  - 29
IS  - 2
SN  - 1358-1988
DO  - 10.1108/JFRC-08-2019-0108
UR  - https://doi.org/10.1108/JFRC-08-2019-0108
AU  - Mohamad Azhar
AU  - Sifat Imtiaz Mohammad
AU  - Mohd Thas Thaker Hassanudin
AU  - Noor Anwar Muhammad
PY  - 2020
Y1  - 2020/01/01
TI  - On IMF debt and capital control: evidence from Malaysia, Thailand, Indonesia, the Philippines and South Korea
T2  - Journal of Financial Regulation and Compliance
PB  - Emerald Publishing Limited
SP  - 143
EP  - 162
Y2  - 2024/04/25
ER  -