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Managing Currency Crises in Emerging Markets$
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Michael P. Dooley and Jeffrey A. Frankel

Print publication date: 2003

Print ISBN-13: 9780226155401

Published to Chicago Scholarship Online: February 2013

DOI: 10.7208/chicago/9780226155425.001.0001

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PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use.date: 26 June 2022

Impacts of the Indonesian Economic Crisis

Impacts of the Indonesian Economic Crisis

Price Changes and the Poor

(p.393) 12 Impacts of the Indonesian Economic Crisis
Managing Currency Crises in Emerging Markets
James Levinsohn, Steven Berry, Jed Friedman
University of Chicago Press

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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