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ence on imported input, including its economic structural weaknesses two and the dawn of the 1990 s. The two weaknesses, may cause serious balance of payments problem, if foreign company decided to invest elsewhere, or if there is a unexpected currency appreciation. A kind of circumstance is to realize the middle 1990 swhen agreement between the United States and Japan, being forced through a dollar peg its currency appreciation of Malaysia. Malaysia as foreign direct investment of more attractive option, due to the impact of trade terms, balance of payments problems of finally realize, leaving a dangerous position countries. The activities of the base, in Malaysia's central bank under the background of the commitment of the government's commitment to keep, keep open capital account and the members of the virtual PEG of higher interest rates to attract bank funds series dollars, a very dangerous policies three large-scale and easily reversible short-term capital inflows. 1997 Asian financial crisis ringgit Malaysia and foreign exchange, in his book the international monetary and financial, the lame what Ramsaran wrote: the appropriateness of exchange rate system by a of the economic system structure characteristics and policy objectives of the decision. Exchange rate link domestic economic international economic, therefore, it plays a vital role in determining its in 1957 left have no choice but when independent of the internal or external shocks. Foreign investors in Malaysia and high level of the influence of the final heat exchanger categories, eat the regime, it will take. Fixed exchange rate is best in one country, one of the development of the international economy, one of the main reasons: the stable exchange rate, in home import/export enterprises and foreign investor's mind to build up confidence. A predictable rate to export-oriented development strategy is critical to the success of. In order to maintain the fixed exchange rate, money must be pegged to the dollar, yen and the euro "hard currency".

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The three YingHuoBi floating exchange rate system of each operation, target the money is in essence a floating and. In this case, a PEG policy behavior, just convey monetary discipline. In Malaysia, the central bank regulators keep as a virtual pegged to the dollar, from 1974 until 1997, policy, benefit from economic and produce adverse effect on other occasions speech. Malaysia policymakers of its monetary price, the necessary sacrifice minimum control, to participate in an increasingly globalised economy.

继美国和日本在其中一个控制美元贬值，相对日元商定的1985年“广场协议，马来西亚的经济受益于一个有利的贸易条件上升。由于生产和出口成为马来西亚相比，日本和其他“第一梯队”新兴工业化国家在中东/东南亚地区，日本和台湾的公司投入巨资在马来西亚的生产设施的数量相对便宜。外国直接投资在1986年至6.2b致辞上升325米致辞，1990年，给予马来西亚的中央bank.24巨大的外汇储备，这使得政府关闭其经常帐赤字，显示出坚实的宏观经济基本面，并在其新的计划，以吸引向前发展马来西亚股市（KLSE）外商投资，虽然美日干预汇市奖励马来西亚与美元挂钩致辞政策，随后在1995年4月相同的国家之间的协议强调了其固有的风险。在此之际，妥协是扭转在美国和日本的央行监管部门同意开始控制了美元相对于日元的升值。在马来西亚的自然结果是升值的议员同时，使得外国直接投资少attractive.25这促成了一个不断深化的经常帐赤字，曾在马来西亚的股市和银行业投资的外国人的严重关切，并加速中国和印度的外国直接投资。马来西亚的经济已成为国际投资者的信心的人质。泰铢的崩溃，最后的毁灭性的打击处理。华登国贝罗提供了详细的危机“开始的帐户：太多泰铢僧多粥少，有贬值的巨大压力。 The smell of panic attracted currency speculators. . . . Thai central bank first attempt to defend the baht, dumping its dollar reserves on the market, but on July 2,, lost its us $3.9 billion reserve at least $900 million, it had to admit defeat. Speculators found similar YangHua behavior of water between foreign investors in Manila, Kuala Lumpur, Jakarta, exposure to real estate, expor本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。