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Impacts of the Indonesian Economic Crisis

Impacts of the Indonesian Economic Crisis

Price Changes and the Poor

Chapter:
(p.393) 12 Impacts of the Indonesian Economic Crisis
Source:
Managing Currency Crises in Emerging Markets
Author(s):
James Levinsohn, Steven Berry, Jed Friedman
Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226155425.003.0013

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

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