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In the Midst of Global Financial Slowdown: the Indonesian Experience

Author

Listed:
  • Siregar, Reza
  • Wiranto, Willeam

Abstract

The objective of our study is to review and debate selected factors frequently underlined as the foundations to the strength and the resilient of economic growth in Indonesia in recent years. We first examine closely the compositions of the country’s exports to particularly highlight the role of primary commodities and diverse export destinations in cushioning the country’s balance of payment position. Next, our study assesses the country’s management of macroeconomic policies, especially the monetary and fiscal policies, and debates the overall effectiveness and limitations of these policy measures. Lastly, this paper explores the repentant stage of the country’s infrastructure, arguably a vital factor for the country’s ability to attract the much-needed domestic and foreign direct investment.

Suggested Citation

  • Siregar, Reza & Wiranto, Willeam, 2009. "In the Midst of Global Financial Slowdown: the Indonesian Experience," MPRA Paper 19657, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:19657
    as

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    File URL: https://mpra.ub.uni-muenchen.de/19657/1/MPRA_paper_19657.pdf
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    References listed on IDEAS

    as
    1. Christopher Martin & Costas Milas, 2010. "The Sub-Prime Crisis and UK Monetary Policy," International Journal of Central Banking, International Journal of Central Banking, vol. 6(3), pages 119-144, September.
    2. Siregar, Reza Yamora & Goo, Siwei, 2010. "Effectiveness and commitment to inflation targeting policy: Evidence from Indonesia and Thailand," Journal of Asian Economics, Elsevier, vol. 21(2), pages 113-128, April.
    3. John B. Taylor, 2009. "The Financial Crisis and the Policy Responses: An Empirical Analysis of What Went Wrong," NBER Working Papers 14631, National Bureau of Economic Research, Inc.
    4. Muhammad Chatib Basri & Reza Yamora Siregar, 2009. "Navigating Policy Responses at the National Level in the Midst of the Global Financial Crisis: The Experience of Indonesia," Asian Economic Papers, MIT Press, vol. 8(3), pages 1-35, Fall.
    5. repec:rim:rimwps:31-08 is not listed on IDEAS
    6. Budy Resosudarmo & Arief Yusuf, 2009. "Survey of recent developments," Bulletin of Indonesian Economic Studies, Taylor & Francis Journals, vol. 45(3), pages 287-315.
    7. Reza Siregar, 2001. "Survey Of Recent Developments," Bulletin of Indonesian Economic Studies, Taylor & Francis Journals, vol. 37(3), pages 277-303.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Global Financial Crisis; Indonesia; Balance of Payment; Macroeconomic Policies; and Infrastructure.;
    All these keywords.

    JEL classification:

    • F01 - International Economics - - General - - - Global Outlook
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General

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