Interest Rate Lift-Off, Indonesia's Response
Audience:Restricted to Princeton University
This event isspnsored by The Julis-Rabinowitz Center for Public Policy and Finance.
The Taper tantrum in 2013 hit many emerging markets, including Indonesia. The Indonesian economy, especially the financial sector was under pressure. Indonesia then was classified as a one of the “Fragile five” together with India, Turkey, Brazil, and South Africa. But then, with series of macroeconomic stabilization measures, together with India, Indonesia was able to manage the situation and escaped the fate of the so-called ‘Fragile five.’”
Dr. Muhamad Chatib Basri, former Minister of Finance of Indonesia, will focus on the lessons learnt from this episode and its relevance given the possibility of the normalization of the monetary policy in the U.S.
Dr. Basri is an Ash Center Senior Fellow at the Harvard Kennedy School. He is also the former Chairman of the Investment Coordinating Board of the Republic of Indonesia. Dr. Basri teaches at the Department of Economics, University of Indonesia. He was a member of the Asia Pacific Regional Advisory Group of the International Monetary Fund (IMF). He was a member of the High Level Trade Experts Group co-chaired by Jagdish Bhagwati and Peter Sutherland.
Lunch will be served. Registration required.