Title Indonesia : anatomy of a banking crisis : two years of living dangerously, 1997-99 / Charles Enoch [and others]

Published [Washington, D.C.] : International Monetary Fund, Monetary and Exchange Affairs Dept., ©2001

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Description 1 online resource (139 pages) : illustrations Series IMF working paper ; WP/01/52 IMF working paper ; WP/01/52. 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 Bibliography Includes bibliographical references (pages 137-139) Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL Print version record Subject Banks and banking -- Indonesia Banks and banking -- State supervision -- Indonesia Financial crises -- Indonesia Bank management -- Indonesia Lenders of last resort -- Indonesia Bank management. Banks and banking. Banks and banking -- State supervision. Financial crises. Lenders of last resort. Indonesia. Form Electronic book Author Enoch, Charles International Monetary Fund. Monetary and Exchange Affairs Department. ISBN 1451847254 9781451847253

Other Titles Anatomy of a banking crisis

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