Indonesia : Anatomy of a Banking Crisis Two Years of Living Dangerously 1997–99 / Arto Kovanen, Olivier Frecaut, Barbara Baldwin, Charles Enoch.

Format:

Book

Government document

Author/Creator:

Kovanen, Arto.

Contributor:

Baldwin, Barbara.

Enoch, Charles.

Frécaut, Olivier.

Series:

IMF Working Papers; Working Paper ; No. 2001/052

IMF Working Papers

Language:

English

Physical Description:

1 online resource (139 pages)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2001.

Language Note:

English

Summary:

This study looks at the first two years of the banking crisis that erupted in Indonesia in late 1997. It finds that the banking sector was weak at the outset, and that governance problems intensified the crisis and seriously delayed its resolution. Although a strategy was put in place over the initial months, protracted delays in implementation led to an explosion in the costs of resolution. By end-1999, the critical elements to reconstruct the banking system were in place, and the political transition seemed completed; but, in a continuing unsettled environment, the new authorities still faced daunting challenges. This study looks at the first two years of the banking crisis that erupted in Indonesia in late 1997. It finds that the banking sector was weak at the outset, and that governance problems intensified the crisis and seriously delayed its resolution. Although a strategy was put in place over the initial months, protracted delays in implementation led to an explosion in the costs of resolution. By end-1999, the critical elements to reconstruct the banking system were in place, and the political transition seemed completed; but, in a continuing unsettled environment, the new authorities still faced daunting challenges. This study looks at the first two years of the banking crisis that erupted in Indonesia in late 1997. It finds that the banking sector was weak at the outset, and that governance problems intensified the crisis and seriously delayed its resolution. Although a strategy was put in place over the initial months, protracted delays in implementation led to an explosion in the costs of resolution. By end-1999, the critical elements to reconstruct the banking system were in place, and the political transition seemed completed; but, in a continuing unsettled environment, the new authorities still faced daunting challenges.

Notes:

Bibliographic Level Mode of Issuance: Monograph

Description based on print version record.

ISBN:

9786613793812

9781462343973

146234397X

9781452791647

1452791643

9781281961624

1281961620

9781451894219

145189421X