There is still plenty of potential to 21 22  Feldstein (1998). Will financial markets accept something short of root-and-branch reform of Indonesian governance? Who can tell? But we know that they worked happily enough with these problems for thirty years.
Extended term repo operations Term repo is our workhorse liquidity facility, and we came into the pandemic with a well-developed playbook for this program. Let me explain in a bit more detail. In times of relative market stability, our regular term repo operations are aimed at managing our balance sheet.