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What sort of financial sector should Indonesia have?

Grenville, Stephen


At the time of the 1997 Asian crisis, Indonesia's financial sector had serious weaknesses. This made it vulnerable to the key element of the crisis: massive reversal of foreign capital flows. Despite huge expenditures on restructuring, many of these weaknesses remain and the current strategy does not seem likely to overcome them. The alternative strategy explored here advocates the creation of 'savings banks', holding government bonds as their principal asset. With these safe assets, deposits...[Show more]

CollectionsANU Research Publications
Date published: 2004
Type: Journal article
Source: Bulletin of Indonesian Economic Studies
DOI: 10.1080/0007491042000231502


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