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

Malaysia’s debt-to-GDP ratio was recorded at 103% in 1986, the highest in its history. The offshore debt in the same year also recorded 40% of GDP. What happen in 1986? Why the debt is so high? What are the debt instruments used? Discuss

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