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View all search resultsAs voters prepare to head to the polls in mid-February, they should comprehend what constitutes democratic stability and collapse, along with their possible causes, and think about the type of leader the country needs to maintain the former and avoid the latter.
While Indonesia may have avoided any direct fallout from the bank failures in the United States and Europe earlier this year, local financial institutions face the same difficulties stemming from the lack of good governance that was at the root of those collapses.
Many factors, including the highly capable and competent LPS, indicate that the SVB bust will not have a significant impact on either the Indonesian or global financial system, so long as we take our lessons from the event.
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