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The Asian Financial Crisis of 1997 a Decade On: Two Perspectives

Published online by Cambridge University Press:  07 May 2025

Chris Giles
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It is January 15 1998. Standing grim-faced and with arms folded, Michel Camdessus, the International Monetary Fund managing director, peers down as President Suharto of Indonesia signs his acceptance of the latest list of 50 IMF demands. Mr Suharto has no choice, even though many of the intended reforms are politically unpalatable. Such has been the outflow of money from Indonesia over the past six months that the economy would implode if a second international bail-out were refused.

Type
Research Article
Information
Asia-Pacific Journal , Volume 5 , Issue 8 , August 2007 , e1
Creative Commons
Creative Common License - CCCreative Common License - BYCreative Common License - NCCreative Common License - ND
This is an Open Access article, distributed under the terms of the Creative Commons Attribution-NonCommercial-No Derivatives licence (http://creativecommons.org/licenses/by-nc-nd/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is unaltered and is properly cited. The written permission of Cambridge University Press must be obtained for commercial re-use or in order to create a derivative work.
Copyright
Copyright © The Authors 2007