The 10th anniversary of Soeharto's resignation was coloured by disappointment with the slowness of reform, and with the government's reluctance to confront blatant religious intolerance. Nevertheless, economic growth is strong and investment spending buoyant. Inflation has risen well above...

Indonesia's depreciation vastly exceeded that of all other countries hit by the Asian crisis. Indonesia also experienced far higher inflation. This paper argues that there is a close medium to long-term relationship between money growth and inflation in Indonesia, and that this has not been...

Francois Ruf and P.S. Siswoputantro (eds), Cocoa Cycles: The Economics of Cocoa Supply, Woodhead Publishing, Ltd, Cambridge UK, 1995, pp. xi + 384. Rainer Rohdewohld, Public Administration in Indonesia, MONTECH (Monash University), Melbourne, 1995, pp. 179 + x, npg. Colin Brown (ed.), Indonesia:...

The dramatic fall of the rupiah has been driven largely by panic, rather than by careful analysis of Indonesia's economic fundamentals The catalyst for the panic appears to have been a sudden reassessment of the exchange rate risk faced by unhedged domestic firms and foreign investors This...