Following the acquisition of its sovereignty from the
Netherlands in 1949, Indonesia experienced serious economic and
political problems during the 1950s and 1960s, before entering a
three-decade-long period of rapid economic growth. Hard-hit by the
financial crisis of the late 1990s, Indonesia undertook a wide
range of economic and financial reforms. These reforms served to
prepare it well for the 2007-08 global financial crisis, through
which Indonesia passed relatively unscathed.
Drawing on empirical research, this book presents a
comprehensive empirical study on the key macroeconomic relations
and monetary policy issues in Indonesia. The book analyses
monetary, fiscal and exchange-rate policies, looking at their
interactions and impacts on the economy. It demonstrates how
important macroeconomic management for monetary and financial
stability is to sustained national economic growth and
development.
Data from the 1970s is compared and contrasted with 1950s data
to analyse macroeconomic policies and issues in an historical
context. Statistical and econometric techniques are juxtaposed with
general empirical results to supplement informative discussion of
macroeconomic and monetary developments. This book is a useful
contribution to studies on macroeconomics and international
development, as well as Southeast Asian studies.
General
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