Malaysia's Capital Market Masterplan, 2001-2010: A Case Study
This paper, prepared for the Capital Market Authority of Rwanda, examines the process Malaysia’s government undertook to reform and develop its capital markets in the wake of the Asian financial crisis during the period 2001-2010. The paper is largely based on historical context and is intended to glean lessons from the process itself. The paper gives special attention to how the Malaysian government perceived the challenges it faced at that time, and the policies formulated to address them, but does not attempt to assess the efficacy of those policies. Further, the paper does not attempt to analyze recent political and financial developments in Malaysia.