The challenges encountered after the financial crises of 1997–98 and 2008–09 have revealed some valuable lessons with regard to monetary policy. In a small open economy, such as that of Indonesia, the multiple challenges facing monetary policy as a result of capital flow dynamics, amid...

As the Indonesian economy is becoming progressively more integrated with the global economy, the impact of global economic shocks on the domestic economy is becoming more pronounced. Capital inflows, which trigger excessive liquidity and exacerbate the risk of a sudden reversal, pose a serious...

Central Bank Policy: Theory and Practiceanalyses various policies, theories and practices adopted by central banks, as well as the institutional arrangements underlying the principles of good governance in policy-making. It is the first book to comprehensively discuss the latest theories and...