Soft authoritarianism coming for Bank Indonesia’s independence

Peter Conti-Brown, a historian of the Federal Reserve at the Wharton School, recently issued a clear warning: the politicization of monetary institutions poses a serious threat to modern democracies. Such unease is emerging in today’s Indonesia. In a Financial Times interview, Conti-Brown stressed that central banks lose credibility when they are staffed by figures acting […] The post Soft authoritarianism coming for Bank Indonesia’s independence appeared first on Asia Times .