CURRENCY DEPRECIATION AND CORPORATE NET WORTH OF LISTED COMPANIES IN INDONESIA

This paper is concerned with the impact of currency depreciation during the period of crisis on the corporate net worth of listed companies in Indonesia. The findings can shed light on the corporate “balance sheet effect” of currency crisis. This paper finds that firms with a higher debt-equity ratio have a lower value in market capitalization growth, sales and asset during crisis and in postperiod of crisis. Meanwhile, firms with majority foreign ownership (F) have higher sales during crisis and in one year after crisis than domestic companies (L). Furthermore, firms in tradable sector (T) have higher sales and less debt-equity ratio during crisis and one year after crisis than those in Non-tradable sector (N). This research uses data from Indonesian Stock Exchange’s (IDX) database and ECFFN covering the period of 1994-2004. This empirical research using panel data analysis includes 238 listed companies with at least 5 consecutive years

If The Banks Are Doing So Well, Why Can’t I Get A Loan? Regulatory Constraints to Financial Inclusion in Indonesia

Indonesia’s financial sector has two paradoxes: 1) Indonesia has been a global leader in microfinance for the past 25 years, but access to microfinance services is declining; and 2) Indonesia’s commercial banks are liquid, solvent, and profitable, and the Indonesian economy has been doing well over the past decade, but small and medium enterprises are facing a credit crunch. Although Indonesia is underbanked, most commercial banks have been unresponsive to unmet effective demand. The behavior of banks has been in their own short-term best interests, primarily because of the unintended consequences of Indonesia’s financial sector reregulation after the East Asian crisis and contradictory monetary policies, which have produced a prudentially sound but inefficient, narrow, and homogenized banking oligopoly. Indonesia should not respond to financial exclusion by artificially pumping out and administratively allocating more credit. Instead, it should promulgate smart regulation so that banks maintain their sound risk management without pursuing non-competitive and non-inclusive business practices

Gagasan "Regulasi" dalam Upaya Mewujudkan Embedded Economy

Segala usaha di bidang ekonomi yang dilakukan untuk mencapaikesejahteraan dan kesetaraan dalam kehidupan umat manusia tampaknya berakhirdengan dehumanisasi. Alih-alih mencapai tujuan ekonomi yakni pengelolaansumber-sumber daya alam demi mencapai kehidupan manusia yang lebih baik,sistem ekonomi malah gagal mencapai tujuannya. Krisis demi krisis menghantamdan menghancurkan sistem ekonomi. Belajar dari kegagalan yang terjadi sepanjangsejarah ekonomi, beberapa ilmuwan mencoba untuk membangun kembali sistemekonomi yang menempatkan ekonomi sebagai bagian dari kehidupan manusia.Teori Régulasi adalah upaya untuk mengembalikan ekonomi kembali kepadaakarnya yakni kehidupan sosial. Any effort in economy to accomplish welfare and equality in human life seems toend in dehumanization. Instead of reaching the economic goal that is to cultivate all resources andbring a better life for all, economic system fails to do what it purposes. Crises after crises ruin theconstruction of economic system. Learning from the failures that were happening in the history ofeconomy, few scientists tried to build a new economic system that puts economy as part of humanlife. The Regulation Theory is an effort to bring back economy to its root that is human social life. &nbsp

Menemukan Konsensus Kebangsaan Baru: Negara, Pasar, dan Cita-cita Keadilan

Dalam buku ini Faisal Basri mengajak pembaca untuk berdialog tentang cita-cita bangsa Indonesia dan konsekuensi yang perlu ditanggung berkaitan dengan penyusunan langkah tata kelola pembangunan. Bertolak dari indikator-indikator ekonomi, Faisal kemudian masuk ke dalam dialog yang lebih mendalam terkait pencarian jalan keluar dari kemelut yang selama ini melilit pemerintah Indonesia. Berbagai aspek pembenahan perekonomian dan pemerintahan Indonesia kemudian dibahas lebih lanjut oleh para penanggapnya: Thee Kian Wee, Handi Risza, A. Prasetyantoko, Indrasari Tjandraningsih, dan Budi Hikmat. Semuanya menunjukkan sejumlah harapan yang patut dibanggakan tapi juga catatan yang patut diwaspadai. Bermula dari Nurcholish Madjid Memorial Lecture VI (2012), di buku ini Faisal mengingatkan perlunya bangsa Indonesia mendesain ulang skenario pertumbuhan ekonominya. Buku ini penting dibaca oleh siapa pun yang terlibat dalam kegiatan ekonomi agar tidak kehilangan jiwa sosial dan tidak mati rasa ketika berhadapan dengan ketimpangan sosial yang akut

Arsitektur Baru Ekonomi Global

xxiv; 179 hal.; 22 c

Bencana finansial : stabilitas sebagai barang publik/ Prasetyantoko

xxvi, 310 hal.; 21 cm

Kaum Profesional Menentang Rezim Otoriter

21 cm; 200 ha