JAKARTA - The government continues to look for strategies to anticipate the threat of economic crisis arising from the global economic recession . One of them by focusing on the financial and banking sector .
This was stated by Vice President ( VP ) Boediono in ’ East Asia Policy Dialogue ’ made by the Faculty of Economics and Business ( FEB ) Universitas Gadjah Mada ( UGM) in Yogyakarta in cooperation with the econmic Research Institute of ASEAN and East Asia foa ( ERIA ) .
He said, the government’s economic policy should not take policy zig zag . However , should remain consistent from the experience of dealing with the economic crisis in 1997 and 2008.
Not only that , the political support is needed. ” Compared to 20 years ago , the risk for survivors of the crisis could come at any time , ” said Boediono , as reported by the official website Okezone of UGM , Friday ( 04/18/2014 ) .
The instability of the global economy , he added , could affect the Indonesian economy because the financial system is connected globally . Moreover, the velocity of money in the global financial system exceeds the gross domestic product .
" It takes a country ‘s ability to cope with the crisis . Crisis is like a small explosion , could trigger a snowball rolling faster , " he said .
Boediono government described the experience in dealing with the crisis in 1997 and 2008 . Condition at that time could be a reference to the risk of a crisis in the future .
" There must be a policy which we always hold and proven . If this is used , I ‘m sure 50 percent of the country has been able to handle the crisis , " said Boediono .
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He added that the most important policies taken by the government is still obey the rules that have been created especially for the fiscal and monetary . ” It’s best to follow the proper test . Do not mess with ( policy ) fiscal , ” he said .