Building a Modern Financial System

Building a Modern Financial System provides a unique "inside" account of all aspects of the Indonesian financial system over the past three decades, indicating policies adopted, their effects, and the pressures that influenced policy choices. Indonesia provides an interesting example of financial modernization: it was considered a "hopeless case" in the mid 1960s, after which it maintained a balanced fiscal policy and largely unrestrained foreign capital movements up until the recent upheavals of the mid 1990s.

This book provides a unique inside account of all aspects of the Indonesian financial system over the past three decades indicating policies adopted, their effects, and the pressures that influenced policy choices.Indonesia provides an interesting example of financial modernization: it was considered a "hopeless case" in the mid-`1960's; since then it has maintained a balanced fiscal policy and largely unrestrained foreign capital movements, both of which are atypical of the vast majority of developing countries.