Occasional Paper
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.
Feature
This past semester, the Rajawali Foundation Institute for Asia engaged in conversations and research on topics ranging from Indonesia’s election to US-Taiwan relations with the goal of continuing to develop policy solutions to the region’s most pressing concerns.
Feature
Democracy and development were on the ballot during Indonesia’s national elections earlier this month according to experts at a Rajawali Foundation Institute for Asia event on what Prabowo Subianto’s victory now portends for the future of the country.
Video
On February 23, the Rajawali Foundation Institute for Asia hosted a Global Elections Webinar Series event to reflect on the implications of Prabowo’s landslide victory for the state of democracy and prospects for national development in Indonesia.
Feature
This past semester, the Rajawali Foundation Institute for Asia engaged in conversations and research on topics ranging from Indonesia’s election to US-Taiwan relations with the goal of continuing to develop policy solutions to the region’s most pressing concerns.
Feature
Democracy and development were on the ballot during Indonesia’s national elections earlier this month according to experts at a Rajawali Foundation Institute for Asia event on what Prabowo Subianto’s victory now portends for the future of the country.
Video
On February 23, the Rajawali Foundation Institute for Asia hosted a Global Elections Webinar Series event to reflect on the implications of Prabowo’s landslide victory for the state of democracy and prospects for national development in Indonesia.
