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Indonesia Joint Recapitalization of 1999

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Abstract

The Indonesian government implemented a joint recapitalization program in 1999 to aid some of its private banks struggling with the effects of the Asian Economic Crisis. Nine banks were eligible, and seven ultimately participated. The program was voluntary; in order to participate, bank managers had to pass a test proving that they were competent enough to run their bank and create a three-year plan for the bank's operations subject to independent assessment. All of the bank participants were able to return to the 4% minimum capital adequacy ratio by the end of the program.

Suggested Citation

  • Smith, Ariel, 2021. "Indonesia Joint Recapitalization of 1999," Journal of Financial Crises, Yale Program on Financial Stability (YPFS), vol. 3(3), pages 169-193, April.
    • Handle: RePEc:ysm:ypfsfc:331111
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    File URL: https://elischolar.library.yale.edu/cgi/viewcontent.cgi?article=1221&context=journal-of-financial-crises
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    References listed on IDEAS

    as
    1. Ross McLeod, 1999. "Crisis-Driven Changes to the Banking Laws and Regulations," Bulletin of Indonesian Economic Studies, Taylor & Francis Journals, vol. 35(2), pages 147-154.
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    More about this item

    Keywords

    Asian Economic Crisis; Capital injection; Indonesia; liquidity nonperforming loans;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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