Publication: The Fed's Tapering Talk: A Short Statement's Long Impact on Indonesia
No Thumbnail Available
Open/View Files
Date
2016-06
Authors
Published Version
Published Version
Journal Title
Journal ISSN
Volume Title
Publisher
Harvard University
The Harvard community has made this article openly available. Please share how this access benefits you.
Citation
Basri, Muhamad Chatib. "The Fed's tapering talk: A short statement's long impact on Indonesia." Ash Center Occasional Papers Series, Harvard University, Cambridge, MA, 2016.
Research Data
Abstract
In this paper, Dr. Muhamad Chatib Basri, who was Indonesia’s Minister of Finance during the Taper Tantrum (TT) period, analyzes the response to the TT of the five hardest-hit countries, dubbed the “Fragile Five” (Brazil, India, Indonesia, South Africa, and Turkey), and describes how Indonesia was able to mitigate the negative effects of the TT so quickly and effectively. Dr. Basri’s account provides many insights in the realm of macroeconomic management amidst external shocks that should be quite useful to emerging markets as the Fed now contemplates raising interest rates, which could have the same impact as the TT. Dr. Basri wrote this paper while a Senior Fellow at the Ash Center for Democratic Governance and Innovation and is now in the Department of Economics at the University of Indonesia.
Description
Other Available Sources
Keywords
Terms of Use
This article is made available under the terms and conditions applicable to Other Posted Material (LAA), as set forth at Terms of Service