Financial fragility and instability in Indonesia / Yasuyuki Matsumoto.
نوع المادة :![نص](/opac-tmpl/lib/famfamfam/BK.png)
- text
- unmediated
- volume
- 0415399041
- 9780415399043
- 9780415590464 (pbk)
- 0415590469 (pbk)
- HB3815 M38 2010
نوع المادة | المكتبة الحالية | رقم الطلب | رقم النسخة | حالة | تاريخ الإستحقاق | الباركود | |
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UAE Federation Library | مكتبة اتحاد الإمارات General Collection | المجموعات العامة | HB3815 M38 2010 (إستعراض الرف(يفتح أدناه)) | C.1 | Library Use Only | داخل المكتبة فقط | 30010000018069 |
Browsing UAE Federation Library | مكتبة اتحاد الإمارات shelves, Shelving location: General Collection | المجموعات العامة إغلاق مستعرض الرف(يخفي مستعرض الرف)
HB3808.55 .F37 2011 الرهون العقارية و الأزمة المالية العالمية / | HB3808.55 .S59 2012 الأزمة الإقتصادية العالمية : أسبابها و تداعياتها على الإقتصاد العالمي : المرحلة الأولي (2008-2011) / | HB3808.55 .S59 2012 الأزمة الإقتصادية العالمية : أسبابها و تداعياتها على الإقتصاد العالمي : المرحلة الأولي (2008-2011) / | HB3815 M38 2010 Financial fragility and instability in Indonesia / | HB3816.5 P647 2001 The political economy of the East Asian crisis and its aftermath : tigers in distress / | HB3816.5 P647 2001 The political economy of the East Asian crisis and its aftermath : tigers in distress / | HB3816.5 P65 2000 Politics and markets in the wake of the Asian crisis / |
Includes bibliographical references (pages [234]-247) and index.
Indonesia's external debt problem in the 1990s -- Minsky's financial instability hypothesis : interpretation and critical adjustments for the Asian context -- Methods and databases for empirical studies -- The financial positions of the Indonesian corporate sector in the 1990s -- The analysis of offshore syndicated debt for Indonesian borrowers during the finance boom in the 1990s -- Case study 1 : the Salim Group's financial activities in the 1990s -- Case study 2 : the Lippo Group's financial activities in the 1990s -- Case study 3 : the Sinar Mas Group's financial activities in the 1990s -- Case study 4 : the Gajah Tunggal Group's financial activities in the 1990s -- The collapse of cash-flow chains -- Conclusions.
This highly relevant study provides an incisive analysis of a critical phase in recent East Asian financial history, exploring the underlying causes of the financial crisis that struck Indonesia during the second half of 1997. Matsumoto's extensive commercial experience in Indonesian finance during these critical years, allows him to skilfully argue that the roots of the crisis lay in the period of capital liberalization undertaken during the boom years from 1994 to 1997 which encouraged the development of fragile and unstable financial structures, involving increased corporate leverage, reliance on external debt, and the introduction of riskier and more complicated financial instruments and transactions. In-depth fieldwork data and four detailed case studies illuminate the microeconomic foundations of the crisis, showing how Indonesian capitalists sought to liquidate their Indonesian assets without losing control of their corporate empires, by taking advantage of increased access to foreign loans and complex financial re-engineering, actions which ultimately precipitated instability and crisis throughout the entire financial system. Finally, it reflects upon the policy implications of this episode, putting forward the case for comprehensive capital controls for open and developing economies until they establish appropriate financial institutions to monitor and manage the level of indebtedness and the volatility of capitalists' behaviour.