The Meltdown of the Indonesian Economy in 1997-1998: Causes and Responses

• 발행기관: 서울대학교 경제연구소
• 저자명: Anwar Nasution
• 간행물 정보: 『Seoul Journal of Economics』Seoul Journal of Economics Volume 11 No.4, 447~482쪽, 전체 35쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 1998.12.31

영문 초록

Indonesia was hit hardest by the recent economic crisis. Overinvestment in non-traded sector and manufacturing industries that required high level of protection was the root cause of the crisis. The weak financial system of Indonesia also exacerbated the crisis. The crisis was aggravated further by the political uncertainty that evolved around the departure of Suharto. The lack of government determination to adopt sound macroeconomic management did not help, either. This paper reviews the banking and currency crisis still unfolding in Indonesia from various angles. For this purpose, it first reviews the recent macroeconomic developments prior to the crisis. Then the paper discusses the banking crisis in detail. An analysis of the policy responses to the crisis is another integral part of the paper.

목차

Abstract

Ⅰ. Introduction

Ⅱ. Macroeconomic Policy

Ⅲ. The Banking Crisis

Ⅳ. The Policy Responses

Ⅴ. Conclusions

References