Soedradjad Djiwandono, Governor of Bank Indonesia during the critical early months of the Asian crisis, had already written extensively on the period (including in this journal), but this book brings a more comprehensive version of his story to a wider audience. His focus is on central bank issues--the exchange rate, interest rates, capital flows and the insolvency of the banking system--but as these are the defining issues of the crisis, the book provides a rare and valuable contribution to the still-incomplete history of this painful period. This review puts his account in context and offers some commentary on the issues.
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