The Indonesian Journal of Business Administration
Vol 2, No 2 (2013)

Stress-Testing The Indonesia Economic Sectors by Shock on ITS Macroeconomic Variable ( An Analysis of Firm-Wide Probability of Default)

Munich, Adrian (Unknown)
Surya, Budhi Arta (Unknown)



Article Info

Publish Date
26 Apr 2013

Abstract

Indonesia has kept its two years of living dangerously in 1997-99. During 1997-99’s crisis, Indonesia had the most exceedingly awful impact contrasted with the other countries that encountered the Asian crisis.  The recovering cost, in both cash-worth cost and inarticulate expense, was greatly towering. This accompanying figure was depicting Indonesian real sectors and external sectors from 1994-2004. Several Indonesia’s real sectors and external indicators, since 1997-99’s crisis until present, never fully-recovers to its previous low-rate condition. Economic downturn was authenticated by a decreasing wealth, parallels with the shrinkage of money power, for both buying and paying power. As we know, Indonesian 1997-99’s economic crisis has made the rupiah, Indonesian currency, take its free fall against US Dollar. Thirty years of uninterrupted economic condition of a good country with its predictable economic growth rate in South East Asia, was shocked by its own foreign exchange rate.

Copyrights © 2013






Journal Info

Abbrev

IJBA

Publisher

Subject

Decision Sciences, Operations Research & Management

Description

The Indonesia Journal of Business Administration(IJBA) is a business journal that bridges the gap between business research and practice, evaluating and reporting on new research to help readers identify and understand significant trends in their fields. The IJBA seeks to publish papers relating ...