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Malaysias debt to GDP ratio recorded 103% in 1986, highest in the history. The offshore debt in the same year also recorded 40% to GDP.

Malaysias debt to GDP ratio recorded 103% in 1986, highest in the history. The offshore debt in the same year also recorded 40% to GDP. What happen in 1986? Why the debt is so high? What are the debt instruments used? Discuss

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