Building a Modern Financial System: The Indonesian Experience

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.