Indonesia’s Economic Crisis : Contagion and Fundamentals
(2002) In Developing Economies 40(2). p.135-151- Abstract
- The severe and unanticipated economic downturn in Indonesia mirrored the regional economic fallout following the 1997 financial crisis. Although it is likely that the crisis in neighboring countries had an adverse impact on Indonesia, the issue has so far received little attention. This paper examines whether contagion from the economic crisis in Thailand triggered the crisis in Indonesia. Evidence of such a contagion is revealed, and the contagion was possibly exacerbated by increasing imbalances in the Indonesian economy. The paper also examines the channels through which the economic difficulties of Thailand might have been transmitted to Indonesia. Investors’behavior, rather than real links, is identified as one important channel for... (More)
- The severe and unanticipated economic downturn in Indonesia mirrored the regional economic fallout following the 1997 financial crisis. Although it is likely that the crisis in neighboring countries had an adverse impact on Indonesia, the issue has so far received little attention. This paper examines whether contagion from the economic crisis in Thailand triggered the crisis in Indonesia. Evidence of such a contagion is revealed, and the contagion was possibly exacerbated by increasing imbalances in the Indonesian economy. The paper also examines the channels through which the economic difficulties of Thailand might have been transmitted to Indonesia. Investors’behavior, rather than real links, is identified as one important channel for the contagion. (Less)
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/49b6d0fa-eff8-4ce1-a205-06df994a0f51
- author
- Iriana, Reiny and Sjöholm, Fredrik LU
- publishing date
- 2002
- type
- Contribution to journal
- publication status
- published
- subject
- in
- Developing Economies
- volume
- 40
- issue
- 2
- pages
- 17 pages
- publisher
- Wiley-Blackwell
- external identifiers
-
- scopus:0036592571
- ISSN
- 0012-1533
- DOI
- 10.1111/j.1746-1049.2002.tb01004.x
- language
- English
- LU publication?
- no
- id
- 49b6d0fa-eff8-4ce1-a205-06df994a0f51
- date added to LUP
- 2017-10-10 17:43:49
- date last changed
- 2022-03-09 06:36:00
@article{49b6d0fa-eff8-4ce1-a205-06df994a0f51,
abstract = {{The severe and unanticipated economic downturn in Indonesia mirrored the regional economic fallout following the 1997 financial crisis. Although it is likely that the crisis in neighboring countries had an adverse impact on Indonesia, the issue has so far received little attention. This paper examines whether contagion from the economic crisis in Thailand triggered the crisis in Indonesia. Evidence of such a contagion is revealed, and the contagion was possibly exacerbated by increasing imbalances in the Indonesian economy. The paper also examines the channels through which the economic difficulties of Thailand might have been transmitted to Indonesia. Investors’behavior, rather than real links, is identified as one important channel for the contagion.}},
author = {{Iriana, Reiny and Sjöholm, Fredrik}},
issn = {{0012-1533}},
language = {{eng}},
number = {{2}},
pages = {{135--151}},
publisher = {{Wiley-Blackwell}},
series = {{Developing Economies}},
title = {{Indonesia’s Economic Crisis : Contagion and Fundamentals}},
url = {{http://dx.doi.org/10.1111/j.1746-1049.2002.tb01004.x}},
doi = {{10.1111/j.1746-1049.2002.tb01004.x}},
volume = {{40}},
year = {{2002}},
}