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The Case For An Indonesian Currency Board

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Author Info
Christopher L. Culp
Steve H. Hanke
Merton H. Miller

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Abstract

In February 1998, after consulting one of the authors of this article, President Suharto and his Economic and Monetary Resilience Council advocated the establishment of a fixed-rate currency board system in which the Indonesian rupiah would be backed by and convertible into U.S. dollars as a reserve currency. But the proposal, after being criticized by both the IMF and the U.S. government, was dropped. 1999 Morgan Stanley.

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File URL: http://www.blackwell-synergy.com/doi/abs/10.1111/j.1745-6622.1999.tb00514.x
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Publisher Info
Article provided by Morgan Stanley in its journal Journal of Applied Corporate Finance.

Volume (Year): 11 (1999)
Issue (Month): 4 ()
Pages: 57-65
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Handle: RePEc:bla:jacrfn:v:11:y:1999:i:4:p:57-65

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  1. Toprak, Metin, 2001. "Yükselen Piyasalarda Finansal Kriz
    [Financial Crises in Emerging Markets]    ," MPRA Paper 9092, University Library of Munich, Germany, revised 2001. [Downloadable!]
  2. Steve Hanke, 2002. "On dollarization and currency boards: error and deception," Journal of Policy Reform, Taylor and Francis Journals, vol. 5(4), pages 203-222, December. [Downloadable!] (restricted)
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