THE CASE FOR AN INDONESIAN CURRENCY BOARD
In February 1998, after consulting one of the authors of this article, President Suharto and his Economic and Monetary Resilience Council advocated the establishment of a fixed-rate currency board system in which the Indonesian rupiah would be backed by and convertible into U.S. dollars as a reserve currency. But the proposal, after being criticized by both the IMF and the U.S. government, was dropped. 1999 Morgan Stanley.
Year of publication: |
1999
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Authors: | Culp, Christopher L. ; Hanke, Steve H. ; Miller, Merton H. |
Published in: |
Journal of Applied Corporate Finance. - Morgan Stanley, ISSN 1078-1196. - Vol. 11.1999, 4, p. 57-65
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Publisher: |
Morgan Stanley |
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