The effects of the Asian financial crisis, caused by Thailand.

Financial Crisis:— As of 2014, Malaysia does not have a significant role in global gold trading, unlike it's counterparts the United Kingdom and the United States.[17] However gold serves an important source of economic security during troubling times, from where the idea of first minting gold bullion first arose.[17] During the 1997 Asian financial crisis for instance, which had profound and devastating consequences across East Asia, policy makers in the country, as well as investors, showed great interest in gold investment opportunities.[17] The crisis was so bad that once it began to spread, resilient economies such as South Korea even began to see it's economy falter. This ended the "Miracle on the Han River" and threatened to destabilise, at the time, the worlds 11th largest economy, which it did, with the country forced to get a $58 billion bailout package from the IMF.[18] This was reinforced when the second more serious western financial crisis hit the country in 2008, where citizens also exhibited similar interest.[17] As a result the Malaysia's coin was officially created in 2000.[17] The price of the gold coins are not done through stock price, but rather from the cental bank.[17] The Kuala Lumpur Composite Index (KLCI) represents the stock market prices of the country, whereas the prices for the Kijang Emas are collected by the Central Bank of Malaysia.[17] Together gold prices and stock returns are computed using continuous compounded return.[17] In other words, prices are found on a per day basis, and, covering for holidays, gold prices are set for the previous working day of trading.[17] As of 2014, Malaysia does not have a significant role in global gold trading, unlike it's counterparts the United Kingdom and the United States.However gold serves an important source of economic security during troubling times, from where the idea of first minting gold bullion first arose.During the 1997 Asian financial crisis for instance, which had profound and devastating consequences across East Asia, policy makers in the country, as well as investors, showed great interest in gold investment opportunities.The crisis was so bad that once it began to spread, resilient economies such as South Korea even began to see it's economy falter. This ended theand threatened to destabilise, at the time, the worlds 11th largest economy, which it did, with the country forced to get a $58 billion bailout package from the IMF.This was reinforced when the second more serious western financial crisis hit the country in 2008, where citizens also exhibited similar interest.As a result the Malaysia's coin was officially created in 2000.The price of the gold coins are not done through stock price, but rather from the cental bank.The Kuala Lumpur Composite Index (KLCI) represents the stock market prices of the country, whereas the prices for the Kijang Emas are collected by the Central Bank of Malaysia.Together gold prices and stock returns are computed using continuous compounded return.In other words, prices are found on a per day basis, and, covering for holidays, gold prices are set for the previous working day of trading.