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Unconventional Views on Indonesian Financial Crisis: Minsky and Regulation Theory (in Oeconomicus, Volume IX, 2007-2008)
Bibliografi
Author:
Prasetyantoko, A. Ico Tri
Bahasa:
(EN )
ISBN:
(ISSN) 1546-2803
Penerbit:
University of Missouri
Tempat Terbit:
Kansas
Tahun Terbit:
2008
Jenis:
Article - diterbitkan di jurnal ilmiah internasional
Fulltext:
Prasetyantoko6.pdf
(304.53KB;
11 download
)
Abstract
This paper responds to the 1997 financial crisis in Indonesia by unconventional views. I consider Minsky on Financial Instability Hypothesis and Regulation theory on the evolution of capitalist system for understanding the intricacy of problem behind the financial collapse in Indonesia. I basically argue that economic crisis has a structural root embedded in the evolution of the capitalist system itself and that the evolution of the firm capital structure and corporate behaviour evolve during this structural development. Meanwhile, several conventional explanations are still inconclusive about the root of crisis, the linkage between Minsky on micro behaviour and Regulation theory on structural evolution, in my argument, can explain clearly this great phenomenon.
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