77
Malaysia in th Global Economy
23. Ramesh Rasmaran, Introduction to International Money and Finance (New York City:St.
Martin’s Press, 1998).
24. Jomo, Liew, and Kaehler, “Capital Flows Volatility.”
25. Ibid.
26. Walden Bello, “The End of the Asian Miracle.” The Nation, January 12, 1998: 266, no. 2.
27. Stephan Haggard and Sylvia Maxfield, “The Political Economy of Financial
Internationalization in the Developing World,” International Organization, Winter 1996,
50, no. 1.
28. Eswar S. Prasad, Kenneth Rogoff, Shang-Jin Wei, and M. Ayhan Kose, Effects of Financial
Globalization on Developing Countries: Some Empirical Evidence, IMF Occasional Paper
no. 220 (Washington: International Monetary Fund, 2003).
29. Jomo, Liew, and Kaehler, “Capital Flows Volatility.”
30. Chin Kok Fay and Jomo K. S., “Financial Liberalization and System Vulnerability,”in
Malaysian Eclipse: Economic Crisis and Recovery, edited by K. S. Jomo, ed.(London: Zed
Books, 2001).
31. Ibid.
32. Sumangala Damodaran, “Capital Account Convertibility: Theoretical Issues and
PolicyOptions,” in Global Finance: New Thinking on Regulating Speculative Capital
Markets, Walden Bello, Nicola Bullard, and Kamal Malhotra, eds. (New York City:Zed
Books, 2000).
33. Prasad et al., Effects of Financial Globalization on Developing Countries.
34. Joseph Stiglitz, Globalization and its Discontents (New York: Norton Publishers,2003).
35. Bhagwati, In Defense of Globalization.
36. See Dani Roderick and Ethan Kapstein. “Did the Malaysian Capital Controls Work?,”
NBER Working Paper w8142, February 2001; Barry Eichengreen, “Capital Controls: Capital
Idea or Capital Folly,” 1998; Paul Krugman, “A Letter to Malaysia’s Prime Minister.”
Fortune, September, 19, 1998: 38, no. 5; Stiglitz, Globalization; Clive Crook, “Survey of
Global Finance.” The Economist, May 1, 2003: 367, issue 8322; Padma Desai, Financial
Crisis, Contagion, and Containment (Princeton: Princeton University Press, 2003); Bhagwati,
In Defense of Globalization.
37. John B. Goodman and Louis W. Pauly, “The Obsolescence of Capital Controls? Economic
Management in an Age of Global Markets,” World Politics, 1993: 46, no. 1.
38. Paul Krugman. “Dutch Tulips and Emerging Markets.” Foreign Affairs, July/August 1995,
Vol. 74, Issue 4.
39. Kanitta Meesook, Il Huong Lee, Olin Liu, Yougesh Khatri, Natalia Tamirisa, Michael Moore,
and Mark H. Krysl, Malaysia: From Crisis to Recovery, IMF Occasional Paper No. 207
(Washington: International Monetary Fund, 2001).
40. Ibid.