Commentary: Indonesia: A Currency Board Is No Magic BulletKerry Capell
Is the answer to Indonesia's economic woes a currency board? That's what embattled President Suharto suggests. By permanently linking the exchange rate of the rupiah to the U.S. dollar, currency volatility could be cut, Indonesian corporations could begin to repay loans, and politics would be removed from monetary policy--a big reason Indonesia is in the mess it's in.
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