1st Edition

The Political Economy of Financial Development in Malaysia From the Asian Crisis to 1MDB

By Lena Rethel Copyright 2021
134 Pages 6 B/W Illustrations
by Routledge

134 Pages 6 B/W Illustrations
by Routledge

134 Pages 6 B/W Illustrations
by Routledge

Current inquiries into the political economy of financial policymaking in Malaysia tend to focus on the high-level drama of crisis politics or simply point to the limited impact of post-crisis financial reforms, given that politico-business relations have remained close. In so doing, pundits ignore a number of intriguing questions: what is the relationship between financial development and... Read more
1. Introduction  2. The Politics of Financial Development  3. The Evolution of Malaysian Capitalism and Financial Policymaking  4. Financial Modernisation and Banking Reform  5. Financial Deepening and the Development of the Capital Market  6. Concluding Remarks

Biography

Lena Rethel is Associate Professor of International Political Economy at the University of Warwick.

"This book provides a timely and insightful look at financial development in Malaysia, emphasising how the interplay of political dynamics and financial policymaking and reform ultimately reinforces crony capitalism even while aiming for an inclusive and efficient financial system."Helen E S Nesadurai, Professor, Monash University Malaysia