JAYASURIYA, SISIRA; CHEN-YU LEU, SHAWN - In: Asian Development Review 29 (2012) 2, pp. 136-180
Indonesia has operated a liberal capital account permitting relatively free flow of international non-FDI flows since the early 1970s. In this paper, we review the Indonesian experience and the effectiveness of capital restrictions during 1990–2010 using a SVAR model of the Indonesian economy....