Many governments in developing countries have attempted to promote public investment by adopting market segmentation and enforced saving policies and providing cheap investment funds to public firms. The author presents a dual market model to describe these policy effects and scrutinizes the...

The authors aim at exploring quantitatively the trend of the exchange rate in conjunction with external transactions in Indonesia before and after the Asian currency crisis (ACC) started in July 1997 in Thailand. After reviewing the chronology of ACC and trends of recent variables in Indonesia,...