Making economic policy in weak, democratic, post-crisis States: An Indonesian case study

Haryo Aswicahyono, Kelly Bird, Hal Hill

    Research output: Contribution to journalArticle

    Abstract

    Economic crises in developing countries differ in their causes, severity and recovery trajectories. The literature on the causes and immediate management of these crises is well developed. However, it is more difficult to develop an a priori framework which facilitates an analytical interpretation of how crises affect economic policy and hence recovery. This is especially so in the commonly occurring "twin crises," in which an economic crisis interacts with regime collapse. Country studies are needed to contribute to the development of such a framework. This paper addresses these issues with reference to Indonesia's deep economic and political crisis of 1997-98.
    Original languageEnglish
    Pages (from-to)354-370
    JournalWorld Development
    Volume37
    Issue number2, Feb 2009
    DOIs
    Publication statusPublished - 2009

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