Detail Financial Liberalization, Financial Crisis and Balance Sheet Effect in Indonesia's Economy (This Paper was Presented in Indonesian Student's Scientific Meeting, ISSM 2005, Paris, 31 September-1 Oktober) Bibliografi Author: Prasetyantoko, A. Ico Tri Topik: Financial Liberalization; Balance Sheet Effect in Indonesia's Economy Bahasa: (EN )     Penerbit: Department of Economics Ecole Normale Supérieure – Lettres et Sciences Humaines     Tempat Terbit: Lyon    Tahun Terbit: 2007     Jenis: Papers/Makalah - pada seminar internasional Fulltext: Paper 2 - Paper ISSM.pdf (109.25KB; 5 download) Abstract This paper aims to describe two pivotal points of Asian crisis within the liberalized financial system taking on the context of Indonesia’s economy. First, since 1980s Indonesia’s economy experiences progressive deregulation and liberalization, especially in financial sector that pushed corporate sector access foreign loans easily. Liberalized financial system gives an important positive impact in growth since the lack of capital can be covered. But unfortunately, liberalized financial system in Indonesia leads to the fragility. Financial crisis in 1997 destroyed either good performing economic growth. Secondly, this paper proposes to understand the linkage of macro and micro variables of crisis, especially by exploring the balance sheet effects perspective. Balance sheet effects allow understanding how bad debt denominated in foreign currencies in corporate sector can amplify the exchange rate crisis. Meanwhile in the same time, great depreciation of local currency make worse the leverage of corporate sector and than banking sector. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Lihat Sejarah Pengadaan  Konversi Metadata   Kembali

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