Dampak Depresiasi Rupiah Terhadap Bisnis Perbankan
The Indonesian economy has been hardly hit by the slide in the rupiah which began in the third week of July, 1997. The government has already taken a number of counteractive policy measures, such as shifting from a managed to a free floating exchange rate, tightening liquidity, and even asking the I...
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| Format: | Article NonPeerReviewed |
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[Yogyakarta] : Universitas Gadjah Mada
1998
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| Online Access: | https://repository.ugm.ac.id/25148/ http://i-lib.ugm.ac.id/jurnal/download.php?dataId=8134 |
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| Institution: | Universitas Gadjah Mada |
| Summary: | The Indonesian economy has been hardly hit by the slide in the rupiah which began in the third week of July, 1997. The government has already taken a number of counteractive policy measures, such as shifting from a managed to a free floating exchange rate, tightening liquidity, and even asking the IMF for assistance. But all these moves have yet to halt the ever plummeting rupiah.
Banking in Indonesia has been hit both directly and indirectly by this drop in the rupiah, and the policies to tighten liquidity. The falling rupiah scores a direct hit on the banking sector, and government policy an indirect impact. This article discusses to what extent government policy can cushion the banking sector from the impact of the sliding rupiah.
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