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Balance Sheet Vulnerability and Macroeconomic Management in Indonesia

Gadjah Mada International Journal of Business

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Field Value
 
Title Balance Sheet Vulnerability and Macroeconomic Management in Indonesia
 
Creator Goeltom, Miranda Swaray
 
Subject adjustment and reform program; balance sheet vulnerability; economic crises (1997); Indonesia flow of funds; macroeconomic management
 
Description The economic and financial crises hitting Indonesia in 1997 have triggered a significant economic downturn. A critical issue addressed is how common shocks during crisis period have brought about macroeconomic outcome. The paper briefly discusses the problems, response and lessons learnt in the country’s effort to restore the economy to its long-term potential growth path. By examining balance sheet conditions across sectors in the economy, it is shown that even though some progress has been achieved, overall balance sheet conditions are still vulnerable to further shocks that may hit the economy, so that efforts to restore economic growth and stability face substantial challenges. Considering these constraints, Indonesian macroeconomic policy makers focus their efforts on strengthening financial markets, among others, by developing bond markets and implementing banking architecture. However, various constraints will remain unless the government speeds up the necessary reforms, mostly institutional in nature.
 
Publisher Master of Management, Faculty of Economics and Business, Universitas Gadjah Mada
 
Date 2013-06-25
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://journal.ugm.ac.id/gamaijb/article/view/5575
 
Source Gadjah Mada International Journal of Business; Vol 7, No 2 (2005): May-August
2338-7238
1411-1128
 
Language eng
 
Relation http://journal.ugm.ac.id/gamaijb/article/view/5575/4546