Bank Indonesia and The Recent Crisis
Bibliographic Data
| ID | 8415908 |
|---|---|
| Authors | J Soedradjad Djiwandono (Indonesia International Institute for Life Sciences, corresponding author) |
| Year | 2000 |
| Volume | 36 |
| Issue | 1 |
| Pages | 47-72 |
| Publication date | 2000-04-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Bulletin of Indonesian Economic Studies (JOURNAL) |
| Journal identifiers | ISSN: 0007-4918 • E-ISSN: 1472-7234 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/00074910012331337783 |
| OpenAlex | W2067641913 |
| Language | EN |
| Citations received | 9 |
| References cited | 6 |
This paper is a personal note describing the crisis as it unfolded while the writer was a key player in Indonesia's macroeconomic management. The crisis is seen as multi-faceted. It originated externally from a shock in the currency market that triggered a downward spiral from currency depreciation to fully-fledged crisis. The currency shock that hit the rupiah in July 1997 exposed in sequence the flaws embedded in the banking sector, the economic system, the social and the political system, flaws that had been obscured by long years of good economic performance. Through a complicated process of contagion and feedback effects—market disturbances, policy responses and market reactions—Indonesia deteriorated from a relatively well managed economy to the “worst case” among the Asian crisis economies. The paper discusses this process, the IMF's role, the bank closure issue, the currency board controversy and the author's dismissal as Governor of Bank Indonesia
Business · Currency · Currency board · Currency crisis · Depreciation (economics) · Dismissal · Economics · Financial system · Governor · Market economy · Monetary economics · Political science · Shock (circulatory) · Asian Studies and History
Transaction Costs and Crony Capitalism in East Asia
Indonesia's Banking Crisis
Towards improved monetary policy in Indonesia
Indonesia's two deep economic crises
Survey of recent developments
Monetary Policy and the Exchange Rate During the Crisis
Indonesia's economic performance in comparative perspective and a new policy framework for 2049
Capital Mobility and Coalitional Politics
International Monetary Fund programmes and the glass cliff effect
| Unique citing works | 9 |
|---|---|
| Citations per year | 0,35 |
| Citation span | 2000 - 2024 (25) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 6 |