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J. Soedradjad Djiwandono
J. Soedradjad Djiwandono (EYD: Sudrajad Jiwandono, also written Sudrajad Djiwandono, Soedradjat Djiwandono and Sudrajat Djiwandono; born 7 August 1938) is an Indonesian economist who was Governor of Bank Indonesia, the nation's central bank, from 1993 until his sudden dismissal in 1998. Djiwandono received his bachelor's degree in economics from Gadjah Mada University in 1963 and went on to receive a Ph.D. from Boston University in 1980. Prior to accepting the position as Governor of Bank Indonesia in 1993, Djiwandono had expressed his concern about the high number of bad debts in the banking sector to President Suharto. Career Soedradjad Djiwandono held a wide range of economic positions, both outside of and within government, before becoming Governor of Bank Indonesia in 1993. His main positions included the following: * Professor at the S. Rajaratnam School of International Studies, a Graduate School of Nanyang Technological University, Singapore * Researcher, Institute of E ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yogyakarta
Yogyakarta (; jv, ꦔꦪꦺꦴꦒꦾꦏꦂꦠ ; pey, Jogjakarta) is the capital city of Special Region of Yogyakarta in Indonesia, in the south-central part of the island of Java. As the only Indonesian royal city still ruled by a monarchy, Yogyakarta is regarded as an important centre for classical Javanese fine arts and culture such as ballet, ''batik'' textiles, drama, literature, music, poetry, silversmithing, visual arts, and '' wayang'' puppetry. Renowned as a centre of Indonesian education, Yogyakarta is home to a large student population and dozens of schools and universities, including Gadjah Mada University, the country's largest institute of higher education and one of its most prestigious. Yogyakarta is the capital of the Yogyakarta Sultanate and served as the Indonesian capital from 1946 to 1948 during the Indonesian National Revolution, with Gedung Agung as the president's office. One of the districts in southeastern Yogyakarta, Kotagede, was the capital of t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Floating Exchange Rate
In macroeconomics and economic policy, a floating exchange rate (also known as a fluctuating or flexible exchange rate) is a type of exchange rate regime in which a currency's value is allowed to fluctuate in response to foreign exchange market events. A currency that uses a floating exchange rate is known as a ''floating currency'', in contrast to a ''fixed currency'', the value of which is instead specified in terms of material goods, another currency, or a set of currencies (the idea of the last being to reduce currency fluctuations). In the modern world, most of the world's currencies are floating, and include the most widely traded currencies: the United States dollar, the euro, the Swiss franc, the Indian rupee, the pound sterling, the Japanese yen, and the Australian dollar. However, even with floating currencies, central banks often participate in markets to attempt to influence the value of floating exchange rates. The Canadian dollar most closely resembles a pure f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sumitro Djojohadikusumo
Sumitro Djojohadikusumo ( EVO: Soemitro Djojohadikoesoemo; 29 May 1917 – 9 March 2001) was an Indonesian politician and one of the country's most influential economists. He held notable roles under both presidents Sukarno and Suharto intermittently between 1950 and 1978. During his career in government, he served as Minister of Industry and Trade, Minister of Finance, and the Minister of Research in five different cabinets. He was also the Dean of the Faculty of Economics at the University of Indonesia. Born into a Javanese family, Sumitro studied economics at the Netherlands School of Economics. Returning to Indonesia following the conclusion of the Second World War, he was assigned to the country's diplomatic mission in the United States, where he sought to raise funds and garner international attention in the struggle against Dutch colonialism. After the handover of sovereignty in the 1949 Dutch–Indonesian Round Table Conference, in which he took part, he joined the So ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Catholic Church
The Catholic Church, also known as the Roman Catholic Church, is the largest Christian church, with 1.3 billion baptized Catholics worldwide . It is among the world's oldest and largest international institutions, and has played a prominent role in the history and development of Western civilization.O'Collins, p. v (preface). The church consists of 24 ''sui iuris'' churches, including the Latin Church and 23 Eastern Catholic Churches, which comprise almost 3,500 dioceses and eparchies located around the world. The pope, who is the bishop of Rome, is the chief pastor of the church. The bishopric of Rome, known as the Holy See, is the central governing authority of the church. The administrative body of the Holy See, the Roman Curia, has its principal offices in Vatican City, a small enclave of the Italian city of Rome, of which the pope is head of state. The core beliefs of Catholicism are found in the Nicene Creed. The Catholic Church teaches that it is the on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Jakarta Post
''The Jakarta Post'' is a daily English-language newspaper in Indonesia. The paper is owned by PT Niskala Media Tenggara and based in the nation's capital, Jakarta. ''The Jakarta Post'' started as a collaboration between four Indonesian media at the urging of Information Minister Ali Murtopo and politician Jusuf Wanandi. After the first issue was printed on 25 April 1983, it spent several years with minimal advertisements and increasing circulation. After a change in chief editors in 1991, it began to take a more vocal pro-democracy point of view. The paper was one of the few Indonesian English-language dailies to survive the 1997 Asian financial crisis and currently has a circulation of about 40,000. ''The Jakarta Post'' also features an online edition and a weekend magazine supplement called J+. The newspaper is targeted at foreigners and educated Indonesians, although the middle-class Indonesian readership has increased. Noted for being a training ground for local and int ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Syahril Sabirin
Syahril Sabirin (born 14 October 1943) is an Indonesian economist who served as Governor of Bank Indonesia, Indonesia's central bank, from 1998 to 2003. In 2009, he was sentenced to two years in jail for his role in the Bank Bali scandal. Education Syahril studied at Gadjah Mada University in Yogyakarta, graduating with an economics degree from the Faculty of Economics in 1968. In 1972, he earned a scholarship from USAID to study at Williams College and graduated with Master of Arts in Development Economics in 1973. Under the USAID scholarship, he then continued to study at Vanderbilt University, earning a PhD in economics in 1979. Career Syahril joined Bank Indonesia in 1969. He later served a three-year term as Senior Financial Economist at the World Bank, Washington DC. In late 1997, Indonesian President Suharto summoned him back to Bank Indonesia, at which time the country was suffering from the Asian financial crisis. In February 1998, at the height of the economic and fina ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Time (magazine)
''Time'' (stylized in all caps) is an American news magazine based in New York City. For nearly a century, it was published Weekly newspaper, weekly, but starting in March 2020 it transitioned to every other week. It was first published in New York City on March 3, 1923, and for many years it was run by its influential co-founder, Henry Luce. A European edition (''Time Europe'', formerly known as ''Time Atlantic'') is published in London and also covers the Middle East, Africa, and, since 2003, Latin America. An Asian edition (''Time Asia'') is based in Hong Kong. The South Pacific edition, which covers Australia, New Zealand, and the Pacific Islands, is based in Sydney. Since 2018, ''Time'' has been published by Time USA, LLC, owned by Marc Benioff, who acquired it from Meredith Corporation. History ''Time'' has been based in New York City since its first issue published on March 3, 1923, by Briton Hadden and Henry Luce. It was the first weekly news magazine in the United St ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Dollar
The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bill Clinton
William Jefferson Clinton ( né Blythe III; born August 19, 1946) is an American politician who served as the 42nd president of the United States from 1993 to 2001. He previously served as governor of Arkansas from 1979 to 1981 and again from 1983 to 1992, and as attorney general of Arkansas from 1977 to 1979. A member of the Democratic Party, Clinton became known as a New Democrat, as many of his policies reflected a centrist "Third Way" political philosophy. He is the husband of Hillary Clinton, who was a senator from New York from 2001 to 2009, secretary of state from 2009 to 2013 and the Democratic nominee for president in the 2016 presidential election. Clinton was born and raised in Arkansas and attended Georgetown University. He received a Rhodes Scholarship to study at University College, Oxford and later graduated from Yale Law School. He met Hillary Rodham at Yale; they married in 1975. After graduating from law school, Clinton returned to Arkansas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Monetary Fund
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1944, started on 27 December 1945, at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international monetary system. It now plays a central role in the management of balance of payments difficulties and international financial crises. Countries contribute funds to a pool through a quota system from which countries experiencing balance of payments problems can borrow money. , the fund had XDR 477 billion (a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Indian Express
''The Indian Express'' is an English-language Indian daily newspaper founded in 1932. It is published in Mumbai by the Indian Express Group. In 1999, eight years after the group's founder Ramnath Goenka's death in 1991, the group was split between the family members. The southern editions took the name ''The New Indian Express'', while the northern editions, based in Mumbai, retained the original ''Indian Express'' name with ''"The"'' prefixed to the title. History In 1932, the ''Indian Express'' was started by an Ayurvedic doctor, P. Varadarajulu Naidu, at Chennai, being published by his "Tamil Nadu" press. Soon under financial difficulties, he sold the newspaper to Swaminathan Sadanand, the founder of ''The Free Press Journal'', a national news agency. In 1933, the ''Indian Express'' opened its second office in Madurai, launching the Tamil edition, '' Dinamani''. Sadanand introduced several innovations and reduced the price of the newspaper. Faced with financial difficultie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fixed Exchange Rate
A fixed exchange rate, often called a pegged exchange rate, is a type of exchange rate regime in which a currency's value is fixed or pegged by a monetary authority against the value of another currency, a basket of other currencies, or another measure of value, such as gold. There are benefits and risks to using a fixed exchange rate system. A fixed exchange rate is typically used to stabilize the exchange rate of a currency by directly fixing its value in a predetermined ratio to a different, more stable, or more internationally prevalent currency (or currencies) to which the currency is pegged. In doing so, the exchange rate between the currency and its peg does not change based on market conditions, unlike in a floating (flexible) exchange regime. This makes trade and investments between the two currency areas easier and more predictable and is especially useful for small economies that borrow primarily in foreign currency and in which external trade forms a large part of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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