01703cas a2200253 a 4500 AALejournalIMF008108 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451848809 1018-5941 BD-DhAAL BD-DhAAL Pangestu, Mari. The Boom, Bust and Restructuring of Indonesian Banks / Mari Pangestu, Manggi Habir. Washington, D.C. : International Monetary Fund, 2002. 1 online resource (35 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper studies why currency and monetary shock hit Indonesia's economy and banking sector so severely and the measures that were taken to deal with the banking crisis, the lessons learned, and challenges faced in restructuring and strengthening the banking system. The vulnerable state of the banking sector, in combination with exchange rate and interest rate shocks, led to a systemic banking crisis. The priorities for bank restructuring are to complete the separation of nonviable from viable banks, recoup losses, implement new rules and regulations, and develop an incentive-based system for the consolidation of banks. Mode of access: Internet Habir, Manggi. IMF Working Papers; Working Paper ; No. 2002/066 Full text available on IMF http://elibrary.imf.org/view/journals/001/2002/066/001.2002.issue-066-en.xml IMF e-Library