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Must the People Continue to Scream?

Tuesday, May 20, 2003

arsip tempo : 173519249343.

. tempo : 173519249343.

Mirza Adityaswara*
* Banking Analyst

 

A friend of mine asked me: what was the cause of the economic crisis in 1997-1998? I answered that the cause was the exchange rate crisis that resulted from the spreading of the economic crisis in Thailand. The sophisticated term is contagion effect.

The next question: why did Indonesia catch the contagion effect? The answer: because Indonesia, at that time, was considered by foreign exchange sp


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