Show simple item record

dc.contributor.authorKUSUMA, DIMAS
dc.date.accessioned2016-09-29T12:12:13Z
dc.date.available2016-09-29T12:12:13Z
dc.date.issued2016-01-01
dc.identifier.isbn9781466694859
dc.identifier.urihttp://repository.umy.ac.id/handle/123456789/3683
dc.description.abstractThere seems to be no single country that can escape from currency crises. This paper aims to answer: (i) How to determine exchange market pressure (EMP)? and (ii) To what extent the contribution of selected indicators to the prediction of currency crises?. The study adopts indicators developed by Kaminski, et.al (1999) by using signal extraction method as the early warning system (EWS) mechanism. By employing four selected variables, International reserve, real exchange rates, credit growth, and domestic inflation, the findings suggest the periods of crises fluctuated over the observations under various thresholds. The EMP touched the Kaminsky’s line only during the Asian and global financial crises. Meanwhile, the Garcia’s, Park’s and Lestano’s line was passed through frequently over the observations, and it implies that the financial system was cyclically under shocks. In conclusion, the currency crises frequently appear attacking Indonesia’s financial system so that need to be mitigated by net open position (NOP) as macroprudential instrument.en_US
dc.language.isoen_USen_US
dc.publisherIGI GLOBAL USAen_US
dc.subjectCURRENCY CRISES, MACROPRUDENTIAL, INDONESIAen_US
dc.titleBUILDING A SURVEILLANCE FRAMEWORK FOR CURRENCY CRISES IN INDONESIA MACROPRUDENTIAL APPROACHen_US
dc.typeBook chapteren_US


Files in this item

Thumbnail

This item appears in the following Collection(s)

  • JURNAL
    Berisi tulisan dosen dalam yang telah dimuat dalam jurnal nasional maupun internasional yang tidak diterbitkan oleh UMY. Diharapkan menambahkan link dari jurnal yang asli dalam diskripsinya.maupun internasional

Show simple item record