Bisnis, JAKARTA — During Indonesia’s monetary crisis from late 1997 to early 1998, Steve Hanke, a professor of applied economics at Johns Hopkins University, USA, emerged as one of the most frequently mentioned foreign figures, second only to Michel Camdessus, the then-Managing Director of the International Monetary Fund (IMF).
Historia Bisnis: Steve Hanke, CBS, and Suharto’s Weakening Grip Before the IMF
Steve Hanke had advised Soeharto to adopt CBS to stabilize the rupiah amid the monetary crisis. However, the plan was ultimately thwarted by IMF intervention.
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