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Financial Reform and Monetary Control in Indonesia


V. Sundararajan


International Monetary Fund (IMF)

Lazaros Molho


affiliation not provided to SSRN
January 20, 1988

IMF Working Paper No. 88/4

Abstract:     
This paper analyzes the evolution and effectiveness of Indonesia`s monetary control system following the financial reforms implemented since 1983. These reforms entailed the abolition of interest rate and credit ceilings, a change in the central bank`s funding role, the introduction of new instruments of indirect monetary control, and measures to develop money markets. The new monetary control system was conducive to a more integrated and more competitive financial system and helped achieve the external balance objective. However, the pace of liberalization of money market rates was constrained by the choice of policy mix to deal with economic shocks.

Number of Pages in PDF File: 36

JEL Classification: 311

working papers series


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Date posted: February 15, 2006  

Suggested Citation

Sundararajan, V. and Molho, Lazaros, Financial Reform and Monetary Control in Indonesia (January 20, 1988). IMF Working Paper, Vol. , pp. 1-36, 1988. Available at SSRN: http://ssrn.com/abstract=884526

Contact Information

V. Sundararajan (Contact Author)
International Monetary Fund (IMF) ( email )
700 19th Street NW
Washington, DC 20431
United States
Lazaros Molho
affiliation not provided to SSRN
No Address Available
Feedback to SSRN (Beta)


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