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The Indonesian Quarterly - Indonesia and the Global Financial Crisis

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This article analyzes Indonesia's economic resilience and policy responses in the face of the 2008 Global Financial Crisis. Through a comprehensive macroeconomic review, the study evaluates how national economic fundamentals—strengthened following the 1998 crisis—effectively mitigated the contagion effects from international financial markets. The discussion focuses on the synergy between Bank Indonesia’s monetary policies and the government’s fiscal stimulus in maintaining domestic purchasing power and banking sector stability. Furthermore, the research highlights the pivotal role of export market diversification and household consumption as primary growth engines that kept Indonesia on a positive trajectory amidst a global recession. The analysis demonstrates that while the trade sector experienced contractions, proactive measures successfully minimized systemic risks, offering valuable lessons on the importance of prudent financial governance and inter-institutional coordination in navigating future global economic uncertainties.

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Availability

KP.XL 0166

050 HAR T

My Library (JURNAL UMUM 2)

Available

Detail Information

Series Title

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Call Number

050 HAR T

Publisher

Jakarta : Centre for Strategic and International Studies (CSIS)., 2009

Collation

41 hlm; 23 cm

Language

English

ISBN/ISSN

0304-2170

Classification

050

Content Type

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Media Type

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Carrier Type

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Edition

Vol. 37 No. 4

Subject(s)

Gender
Economic
journal
Global Financial
Economic reform
Liberalization

Specific Detail Info

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Statement of Responsibility

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