Indonesia's new deposit guarantee law
The blanket guarantee introduced in 1998 in response to the emerging banking and economic crisis resulted in $50?billion of losses to the general public. The government has now introduced a law that allows the phasing out of this blanket guarantee, but also allows its reinstatement in the event of a threatened collapse of the banking system. Rather than eliminating the possibility of any repetition of the previous banking disaster, the new law effectively mandates an almost identical approach...[Show more]
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|Source:||Bulletin of Indonesian Economic Studies|
|01_McLeod_Indonesia's_new_deposit_2006.pdf||204.16 kB||Adobe PDF||Request a copy|
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