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Post-crisis monetary and exchange rate policies in Indonesia, Malaysia and Thailand

Fane, George


This paper surveys the post-crisis monetary and exchange rate policies of Indonesia, Thailand and Malaysia. Malaysia has pegged the ringgit while Indonesia and Thailand have adopted heavily managed exchange rates. Under their IMF programs, Thailand and Indonesia set base money targets, but Thailand has moved, and Indonesia is now moving, to inflation targeting, using interest rates as the short-term instrument. Malaysia also sets interest rates. The ability of the three central banks to set...[Show more]

CollectionsANU Research Publications
Date published: 2005
Type: Journal article
Source: Bulletin of Indonesian Economic Studies
DOI: 10.1080/00074910500117024


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