Financial fragility and instability in Indonesia
著者
書誌事項
Financial fragility and instability in Indonesia
(RoutledgeCurzon contemporary Southeast Asia series, 13)
Routledge, 2007
- : hbk
- : pbk
大学図書館所蔵 全15件
  青森
  岩手
  宮城
  秋田
  山形
  福島
  茨城
  栃木
  群馬
  埼玉
  千葉
  東京
  神奈川
  新潟
  富山
  石川
  福井
  山梨
  長野
  岐阜
  静岡
  愛知
  三重
  滋賀
  京都
  大阪
  兵庫
  奈良
  和歌山
  鳥取
  島根
  岡山
  広島
  山口
  徳島
  香川
  愛媛
  高知
  福岡
  佐賀
  長崎
  熊本
  大分
  宮崎
  鹿児島
  沖縄
  韓国
  中国
  タイ
  イギリス
  ドイツ
  スイス
  フランス
  ベルギー
  オランダ
  スウェーデン
  ノルウェー
  アメリカ
注記
Includes bibliographical references and index
内容説明・目次
内容説明
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.
目次
Introduction 1. Indonesia's External Debt Problem in the 1990s 2. Minsky's Financial Instability Hypothesis - Interpretation and Critical Adjustments for the Asian Context 3. Methods and Databases for Empirical Studies 4. The Financial Positions of the Indonesian Corporate Sector in the 1990s 5. The Analysis of Offshore Syndicated Debt for Indonesian Borrowers during the Finance Boom in the 1990s 6. Case Study 1 - The Salim Group's Financial Activities in the 1990s 7. Case Study 2 - The Lippo Group's Financial Activities in the 1990s 8. Case Study 3 - The Sinar Mas Group's Financial Activities in the 1990s 9. Case Study 4 - The Gajah Tunggal Group's Financial Activities in the 1990s 10. The Collapse of Cash Flow Chains 11. Conclusions
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