Monetary Policy and the Exchange Rate During the Crisis

Stephen Grenville

Bulletin of Indonesian Economic Studies, 2000, vol. 36, issue 2, 43-60

Abstract: This paper examines monetary policy during the Indonesian crisis, looking in particular at what should have been the proper focus of policy. Both the exchange rate and money base have been suggested as appropriate policy objectives, but it is argued here that neither provides adequate policy guidance during a crisis.

Date: 2000
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DOI: 10.1080/00074910012331338883

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Bulletin of Indonesian Economic Studies is currently edited by Firman Witoelar Kartaadipoetra, Arianto Patunru, Robert Sparrow, Sarah Xue Dong and Sean Muir

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