Bank Indonesia and the Crisis: An Insider's View
Soedradjad Djiwandono
Jan 2005 · Local history and memoirs Book 13 · Institute of Southeast Asian Studies
Ebook
289
Pages
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About this ebook
This important book is set to be a key document for those interested in Indonesia's recent economic and political history. There have been many unanswered questions about exactly how the regional currency crisis snowballed into a full-scale banking crisis in Indonesia, coupled with a total loss of credibility within a short time. This record by the official in the midst of the banking crisis, the ex governor of Bank Indonesia, gives a fuller and intriguing picture of the events, including the actions of President Soeharto, as well as a balanced account of the much criticised interventions by the International Monetary Fund. The author also analyses the lessons for monetary policy to avoid future such crisis. This is essential reading for economists and Indonesia watchers.
About the author
Soedradjad Djiwandono was a Visiting Senior Research Fellow at the Institute of Southeast Asian Studies, Singapore. He contributed the section on reforming the laws and legal institutions of Indonesia.
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