President B.J. Habibie's Economic Policy in the Banking Sector in the Economic Crisis in Indonesia in 1998-1999

Abstract

Indonesia's economic crisis since 1997 made President Soeharto resign from his position and hand it over to his deputy B.J Habibie. President B.J Habibie as President Soeharto's successor had quite a tough task to improve the condition of Indonesia which was currently hit by an economic crisis. In this research, it was studied using historical research methods. The economic crisis that occurred in 1998 will always be recorded as the bleakest in economic history. The impact of the crisis is starting to be felt in real terms by society and the business world. To overcome this, several economic policies by B.J Habibie played an important role in changing Indonesia. Meanwhile, BJ's economic policy strengthens the banking sector. The impact of Indonesian banking policy is that population economic growth, which previously reached -7.7%, can increase to 5%.