Search

Indonesia's banking sector was devastated by the crisis that began in October 1997. Of the largest banks--the seven original state banks and the ten largest formerly private banks--none managed to [...]

This paper describes and analyses Indonesia's frustrating experience with chronic inflation, and demonstrates that the cause of continuing moderately high inflation is excessive growth of base money. It examines the central bank's current target growth rates for narrow and broad money and bank lending, and argues instead in favour of a single target rate for base money as the key to bringing inflation under control.

The article discusses various reports published within the issue, including one by Anies Baswedan on the political affairs in Indonesia, and another by Louis Wells regarding the power generation industry.

Introduces the topics featured in the August 2004 issue of "Bulletin of Indonesian Economic Studies." Focus on Indonesia in comparative perspective; Discussion of economic growth, poverty and inequality in the country; Inclusion of topics such as monetary and exchange rate policy, approaches to foreign trade and investment and agricultural development.