Chapter

Impacts of the Indonesian Economic Crisis

Edited by James Levinsohn, Steven Berry and Jed Friedman

in Managing Currency Crises in Emerging Markets

Published by University of Chicago Press

Published in print February 2003 | ISBN: 9780226155401
Published online February 2013 | e-ISBN: 9780226155425 | DOI: http://dx.doi.org/10.7208/chicago/9780226155425.003.0013
Impacts of the Indonesian Economic Crisis

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This chapter evaluates the impact of the 1997 economic crisis on the poor people in Indonesia. The analysis reveals that price increases have affected the cost of living of poor households disproportionally; the effects differ in urban and rural households. This chapter argues that that the notion that the very poor are so poor as to be insulated from international shocks is simply wrong because it was the poor in the Indonesian case that appear to be the most vulnerable.

Keywords: economic crisis; poor people; Indonesia; cost of living; urban households; rural households

Chapter.  15552 words.  Illustrated.

Subjects: International Economics

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