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Indonesia's new deposit guarantee law

McLeod, Ross


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]

CollectionsANU Research Publications
Date published: 2006
Type: Journal article
Source: Bulletin of Indonesian Economic Studies
DOI: 10.1080/00074910600632377


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