Economic Crisis in Indonesia: A Deep Dive into 1997-1998 Analysis
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Homework Assignment
AI Summary
This homework assignment analyzes the 1997-1998 Indonesian economic crisis, examining the country's economic state before, during, and after the crisis. It explores the exchange rate systems, detailing the devaluation of the rupiah and the shift to an external anchor. The paper investigates the role of short-term interest rates, short-term debt build-up, and the decline in foreign exchange reserves. The assignment also assesses the impact on Indonesia's GDP, the banking crisis, inflation rates, and the role of corporate debt. Additionally, it clarifies whether Indonesia received an international bailout program. The analysis references IMF data and publications, offering a comprehensive overview of the crisis's causes and consequences.
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