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 … in the costs of resolution. By end-1999, the critical elements to reconstruct the banking system were in place, and the …

; monetary and exchange rate developments; the use of monetary instruments; and commercial banking sector developments and bank …

After several years of transition, major weaknesses in the banking and enterprise sectors remain the root cause of low …, has been a key impediment to financial sector development. The banking system has been crippled with low levels of …

effective banking supervision, systemically important payment systems, the IMF code of good practices on transparency in …