The Wimbledon Effect in Indonesia’s Banking Industry

A. Tony Prasetiantono*
*) Head of the Center for Economic & Public Policy ­Studies, Gadjah Mada University, and Chief Economist of Bank Negara Indonesia.

EVER heard of the term the Wimbledon Effect? It was coined by Mitsuhiro Kagami (2000) to describe the rejection of Japanese society of the privatization or partial sale of shares of the giant state telecommunications company Nippon Telegraph and Telephone (NTT).

Kagami adopted it from the ph

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