At the same time, however, the social disparities widened, and large segments of the population were living under precarious conditions. Many took umbrage at these developments, including a certain Ms Elizabeth Magie, a stenographer and inventor who lived near Washington, DC.
Dealing with the global financial crisis is paramount. Many of our working assumptions are constantly being challenged by this new reality, which requires creative and sound policy on our part and, more importantly, courage to implement bold, often unprecedented, measures. In this respect, we at Bank Indonesia believe that sharia financial institutions show great promise as one of cornerstone of future sustainable economic activity.