@article{oai:nagoya.repo.nii.ac.jp:00004743, author = {中川, 利香 and Nakagawa, Rika}, journal = {国際開発研究フォーラム, Forum of International Development Studies}, month = {Aug}, note = {The purpose of this paper is twofold: to determine the financial factors that affected private investment in Malaysia in the 1990s and to draw policy implications. In the 1990s, Malaysia experienced economic boom and crash. Large amounts of foreign capital came into Malaysia and became an engine for economic growth. The onset of the Asian Currency Crisis in 1997, however, affected the Malaysian economy. The Malaysian currency sharply depreciated. The crisis also affected equity prices. Although the Malaysian government implemented policies to stop further currency and equity price depreciation, they did not work well. Malaysia went into a severe economic recession. Private investment, one of the factors promoting strong economic growth, was most severely affected by the financial shock. This paper reveals that, before the crisis, bank loans were the main factor stimulating private investment. In addition, loans were the main factor through which the financial shock damaged private investment. To achieve a stable economy, the policymakers in developing countries should know the impact of loans on an economy.}, pages = {179--195}, title = {1990年代マレーシアにおける銀行貸出の経済的インパクトと政策的なインプリケーション}, volume = {24}, year = {2003} }