With Soeharto's demise, Indonesia gained democracy but lost effective government. A return to sustained, rapid economic growth will require an overhaul of Indonesia's bureaucracy and judiciary which, along with the legislatures, the military and the state-owned enterprises, had been co-opted by...

Most of Indonesia's banking system collapsed during the 1997-98 financial and economic crisis. We estimate that the net cost to taxpayers of the government's blanket guarantee of banks' liabilities, issued in February 1998, is about 40 per cent of annual GDP. Large banks fared worse in the...

Abstract: Despite repeated commitments by successive governments in Indonesia to divestment of state-owned enterprises, little has occurred. There has been considerable experimentation with a different kind of privatisation, however, involving reforms that opened up markets previously dominated...

Indonesia’s depreciation vastly exceeded that of all other countries hit by the Asian crisis. It 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 greatly...

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:...