IMF Ammunition is not Enough Protection
The key question is: would the additional ammunition from the IMF be enough to keep Indonesia’s financial market safe when the tapering shock arrives?
IT is now the turn of the International Monetary Fund (IMF) to move in preparation against the shock that would hit the global market. IMF is stocking up on additional ammunition for its member countries in anticipation of The Federal Reserve’s policy. Most likely, The Fed will start its tapering, i.e. reducing United States dollar injections into the market, before the year end.
That ammunition comes in the form o...