Bank	Indonesia	and	the	Crisis:	An	Insider's	View

Bank Indonesia and the Crisis: An Insider's View

by J. Soedradjad Djiwandono

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.

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Preliminary pages
Prologue: The Crisis and Me
1. Introduction
2. Origin of the Crisis and Early Responses
3. Stabilization and Reform Programmes
4. Poor Programme Implementation
5. Stronger Programme with Weak Commitment
6. Bank Indonesia and the Crisis
7. Lessons from the Crisis
8. Epilogue
About the Author

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Product Details

  • Number of Pages : 282
  • Publisher : Institute of Southeast Asian Studies
  • Weight : 500g
  • Product Code : 9789812303080
  • Dimension : 152 x 229 mm

About Author

J. Soedradjad Djiwandono

J. Soedradjad Djiwandono is Emeritus Professor of Economics, the University of Indonesia, and Visiting Professor at the Institute of Defence and Strategic Studies (IDSS), Nanyang Technological University (NTU), Singapore. He has also held cabinet posts in the Soeharto government, notably a five-year term as the Junior Minister of Trade and another five-year term as Governor of Bank Indonesia, Indonesia’s central bank.