"Consider the chart, which shows the policy interest rate in Indonesia: during the 1998 crisis this rate was hiked to 70 percent, yet this wasn’t sufficient to stop a plunge in the rupiah to a fifth of its former value. And Indonesia wasn’t invading any of its neighbors, although it did have a failing authoritarian regime.", escreve Paul Krugman, comparando a crise indonésia de 1998 com a Rússia atual.
Tuesday, December 16, 2014
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