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Navigating Policy Responses at the National Level in the Midst of the Global Financial Crisis: The Experience of Indonesia

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Author Info

  • Muhammad Chatib Basri

    (University of Indonesia, LPEM-FEUI, Jl. Salemba Raya 4, Jakarta, Indonesia.)

  • Reza Yamora Siregar

    (IMF-Singapore Regional Training Institute, 10 Shenton Way, MAS Building #14-03, Singapore 079117, Republic of Singapore.)

Abstract

While the global financial crisis (GFC) deepens with no clear signs of abatement, it is almost impossible to assess its full impacts on any economies, including that of Indonesia. Nonetheless, it is important to take stock of the impacts of the GFC on Indonesia and to assess the implementation and the progress of ongoing policy responses. In particular, our study scrutinizes policy responses from two key fronts, namely fiscal and monetary policies, and highlights challenges and potential shortcomings. (c) 2009 The Earth Institute at Columbia University and the Massachusetts Institute of Technology.

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Bibliographic Info

Article provided by MIT Press in its journal Asian Economic Papers.

Volume (Year): 8 (2009)
Issue (Month): 3 (October)
Pages: 1-35

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Handle: RePEc:tpr:asiaec:v:8:y:2009:i:3:p:1-35

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Web page: http://mitpress.mit.edu/journals/

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Web: http://www.mitpressjournals.org/loi/asep

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Cited by:
  1. Siregar, Reza & Wiranto, Willeam, 2009. "In the Midst of Global Financial Slowdown: the Indonesian Experience," MPRA Paper 19657, University Library of Munich, Germany.
  2. Hal Hill, 2012. "The Best of Times and the Worst of Times: Indonesia and Economic Crises," Departmental Working Papers 2012-03, The Australian National University, Arndt-Corden Department of Economics.
  3. Basri, Muhammad Chatib, 2013. "A Tale of Two Crises: Indonesia’s Political Economy," Working Papers 57, JICA Research Institute.

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