Detail Indonesia's Ponzi Economy: Does Financial Crisis Give a Lesson? (This Paper is Prepared for the 5th EuroSEAS Conference, September 12-15th, 2007 at the University of Naples L'Orientale, Italy) Bibliografi Author: Prasetyantoko, A. Ico Tri ; Martha, Luhur Fajar Topik: financing policies; financial instability; financial crisis Bahasa: (EN )     Penerbit: [s.n]     Tempat Terbit: Naples    Tahun Terbit: 2007     Jenis: Papers/Makalah - pada seminar internasional Fulltext: Paper 22 - EuroSEAS.pdf (98.42KB; 13 download) Abstract After ten years of Asian crisis, it is still unclear what are really the roots of crisis. This paper seeks to explain the evolution of the capitalism system in Indonesia in order to gain an important indication of the future risk of crises of Indonesia’s economy. This paper uses the micro evidence based on firm-level data in order to understand the behaviour of economic agents due to financial crisis: whether the behaviour changes. Specifically, this paper is concerned with the financing behaviour of the firms in order to extrapolate the capitalism system existing in Indonesia today based on the Minsky’s taxonomy (hedge, speculative or ponzi system of capitalism). Furthermore, this paper should have an implication in policies level by giving an early warning, whether Indonesia is still vulnerable to the crisis in following days. This paper begins by analyzing the financial ratio of listed companies in Indonesia by using the accounting data provided by the Jakarta Stock Exchange (JSX) and Indonesian Capital Market Directory published by ECFIN (Institute for Economic and Finance Research) in various publications. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Lihat Sejarah Pengadaan  Konversi Metadata   Kembali

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