Forgotten Fortunes Editorial · Article Discussion
Read the original research: The 1997–1998 Indonesian Banking Collapse and the Creation of IBRA
Story overview: After the 1997 rupiah collapse and November 1997 bank closures triggered systemic runs across Indonesia’s banking sector, Presidential Decree No. 27 of January 26, 1998 established a blanket guarantee and the Indonesian Bank Restructuring Agency (IBRA), which managed a 643.8 trillion rupiah sovereign bond recapitalization and nearly 400 trillion ru
Discussion question: Which financial decisions increased or reduced the risks in this case?
Have a different interpretation? Share the evidence and explain why.
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