01682cas a2200241 a 4500 AALejournalIMF010163 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451930023 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Financial Reform and Monetary Control in Indonesia. Washington, D.C. : International Monetary Fund, 1988. 1 online resource (36 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 analyzes the evolution and effectiveness of Indonesia's monetary control system following the financial reforms implemented since 1983. These reforms entailed the abolition of interest rate and credit ceilings, a change in the central bank's funding role, the introduction of new instruments of indirect monetary control, and measures to develop money markets. The new monetary control system was conducive to a more integrated and more competitive financial system and helped achieve the external balance objective. However, the pace of liberalization of money market rates was constrained by the choice of policy mix to deal with economic shocks. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1988/004 Full text available on IMF http://elibrary.imf.org/view/journals/001/1988/004/001.1988.issue-004-en.xml IMF e-Library