TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
The proponents of the decision of the Bank Century bailout are happy with the explanation that “the benefit of the intervention is the crisis that did not happen until now”. In other words, had there been no intervention or confirmed response to the indicated crisis, the risk would’ve been that the crisis may have happened today at an unexpected scale. The above argument raises concerns from the proponents and opponents of the policy. It is controversial simply because there are risk and uncertainty in both action/inaction to the crisis – which is largely underestimated by both camps. Therefore, one should understand how decision making among high levels of uncertainty, especially when the ghosts of the 1998 financial crisis dominated the perception of the responsible authority during 2008 and 2009. Boediono and Sri Mulyani Indrawati, have maintained that the decision to ba...
