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picture1_Monetary Policy & Xr In Post Gfc 2011


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File: Monetary Policy & Xr In Post Gfc 2011
Monetary and Exchange Rate Policies in Indonesia: 1 Challenges and a Post-Crisis Framework Juda Agung and Solikin M. Juhro - Bank Indonesia 1. Introduction A crisis always brings new lessons ...

icon picture PDF Filetype PDF | Posted on 14 Oct 2022 | 2 years ago

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...Monetary and exchange rate policies in indonesia challenges a post crisis framework juda agung solikin m juhro bank introduction always brings new lessons similar to previous crises the global financial economic provided number of salient for authorities most valuable lesson was that maintaining price stability alone is insufficient maintain macroeconomic during recent turmoil originated sector occurred time when economy managed achieve its best performance growth an episode known as era great moderation necessary but it clear may have encouraged accumulation risk such excessive credit asset bubbles paradox credibility blinder stable conditions reflected by long period low interest rates created moral hazard among market participants against risks investors felt already guaranteed credible central therefore they tended seek higher yields assets aftermath uneven recovery has massive capital flows which posed arduous emerging countries prepared book chapter iseas deluge driven two speed ...
								

							

						
	
												
				
					
					
					
			
					
				
				
		
	

	
		





	

	
				

						

						
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										Category:  Uncategorized / Uncategorized 
										
Posted on: 14 Oct 2022 | 2 years ago
										
										
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Filetype: PDF
										
File size: 0.31 MB
										
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												Wan learn