Indonesian Economic Development: Miracle or Mirage?
This paper focuses on a few major developments that took place during the three decades from the late 1960s to the Asian financial crisis. The study finds, in retrospect, that many of the Indonesian economy's weaknesses--now so glaringly apparent--were there all the time. The paper concludes th...
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sg-smu-ink.soe_research-18482018-06-01T04:00:42Z Indonesian Economic Development: Miracle or Mirage? Dowling, John Malcolm Yap, Chin Fang This paper focuses on a few major developments that took place during the three decades from the late 1960s to the Asian financial crisis. The study finds, in retrospect, that many of the Indonesian economy's weaknesses--now so glaringly apparent--were there all the time. The paper concludes that the Indonesian banking crisis was primarily domestic in nature, more so than the crises in Korea and Thailand. The extent of the failure was much more widespread and probably resulted from a chain of bank runs and bank closings, reinforced by uncertainty and lack of faith in the government's commitment to the IMF program and IMF fumbling. 2004-05-01T07:00:00Z text application/pdf https://ink.library.smu.edu.sg/soe_research/849 info:doi/10.1016/j.asieco.2008.09.012 https://ink.library.smu.edu.sg/context/soe_research/article/1848/viewcontent/13528.pdf http://creativecommons.org/licenses/by-nc-nd/4.0/ Research Collection School Of Economics eng Institutional Knowledge at Singapore Management University Indonesia; Reforms; Crisis; Corruption; Macroeconomics Asian Studies Growth and Development |
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Indonesia; Reforms; Crisis; Corruption; Macroeconomics Asian Studies Growth and Development Dowling, John Malcolm Yap, Chin Fang Indonesian Economic Development: Miracle or Mirage? |
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This paper focuses on a few major developments that took place during the three decades from the late 1960s to the Asian financial crisis. The study finds, in retrospect, that many of the Indonesian economy's weaknesses--now so glaringly apparent--were there all the time. The paper concludes that the Indonesian banking crisis was primarily domestic in nature, more so than the crises in Korea and Thailand. The extent of the failure was much more widespread and probably resulted from a chain of bank runs and bank closings, reinforced by uncertainty and lack of faith in the government's commitment to the IMF program and IMF fumbling. |
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text |
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Dowling, John Malcolm Yap, Chin Fang |
author_facet |
Dowling, John Malcolm Yap, Chin Fang |
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Dowling, John Malcolm |
title |
Indonesian Economic Development: Miracle or Mirage? |
title_short |
Indonesian Economic Development: Miracle or Mirage? |
title_full |
Indonesian Economic Development: Miracle or Mirage? |
title_fullStr |
Indonesian Economic Development: Miracle or Mirage? |
title_full_unstemmed |
Indonesian Economic Development: Miracle or Mirage? |
title_sort |
indonesian economic development: miracle or mirage? |
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Institutional Knowledge at Singapore Management University |
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2004 |
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https://ink.library.smu.edu.sg/soe_research/849 https://ink.library.smu.edu.sg/context/soe_research/article/1848/viewcontent/13528.pdf |
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