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Banking collapse and restructuring in Indonesia, 1997-2001

Fane, George; McLeod, Ross


Most of Indonesia’s banking system collapsed during the 1997–98 financial and economic crisis. We estimate that the net cost to taxpayers of the government’s blanket guarantee of banks’ liabilities, issued in February 1998, is about 40 per cent of annual GDP. Large banks fared worse in the crisis than small ones and state banks fared worse than private ones. Despite this, and despite the fact that bank capital turned out to have been inadequate, the government reduced the capital requirements...[Show more]

CollectionsANU Research Publications
Type: Working/Technical Paper
Source: The Cato Journal


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