Beyond crony capitalism : from banking crisis to financial crisis in Indonesia
Asian Journal of Social Science
Counters the common understanding of Indonesia's economic crisis as bound up in crony capitalism by arguing for a more complex view of "sources of vulnerability" & "precipitating" causes. These two aspects overlapped in the pivotal months between Aug 1997 & Mar 1998. Indonesia's banking sector, insufficiently capitalized & regulated while excessively guaranteed, was a chief area of vulnerability. The situation was also aggravated by the International Monetary Fund (IMF) & the Suharto government's weak macroeconomic administration.
Copyirght © 2002 Koninkliike Brill NV, Leiden
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Sharma, S. D. (2002). Beyond crony capitalism: From banking crisis to financial crisis in Indonesia. Asian Journal of Social Science, 30(2), 384-419.