This paper is organised in six main parts. Following the introduction, the Indonesian legal framework in dealing with problem banks is presented in Part 2. Part 3 outlines the evelopment of the ban...
This paper (book chapter) compares the approach and framework for problem bank identifi cation, intervention and resolution in the SEACEN countries. Furthermore, it draws key lessons
learned and r...
In episodes of significant banking distress or perceived systemic risk to the financial system,
policymakers have often opted for issuing blanket guarantees on bank liabilities to stop or
avoid w...
This paper presents a new database on the timing of systemic banking crises and policy responses to resolve them. The database covers the universe of systemic banking crises for the period 1970-200...
How the hell did we get here?
Step 1 – Hot housing market Since 1998,the h ttest assets ar und were high-yielding sub-prime mortgages because of the the housing market. Every financial instituti ...
The subprime mortgage financial crisis, which has yet to be resolved, is the sharp rise in foreclosures in the subprime mortgage market that began in the United States in 2006 and became a global f...
In this paper the authors examine why that traditional solution was not used and propose changes to Britain’s deposit insurance system, to its bank insolvency regime, and in arrangements to allow c...
This study looks at the first two years of the banking crisis that erupted in Indonesia in late 1997. It finds that the banking sector was weak at the outset, and that governance problems intensifi...
This paper studies why currency and monetary shock hit Indonesia's economy and banking sector so severely and the measures that were taken to deal with the banking crisis, the lessons learned, and ...
Crisis in 1997/1998 lead the Indonesian financial sector into chaos and required bailout from the Government to maintain the stability of banking system. This paper reviews the evolution of banking...
This study investigates whether the sharp decline in credit from banking sector in
Indonesia has been a result from a ‘credit crunch’ or due to weak credit demand
accompanying the recession. Usin...
Krisis nilai tukar yang terjadi sejak pertengahan tahun 1997 telah mengakibatkan krisis perbankan
yang parah di Indonesia. Kondisi ini mendorong dilakukannya restrukturisasi perbankan di Indonesia...
This study’s objective is threefold. First, to investigate the impact of the current economic crisis on the Indonesian financial sector. Second, to relate how the previous financial policies had co...
Keynote Address at a Conference on
Economic Issues Facing the New Government sponsored by Faculty of Economics, University of Indonesia
and U.S. Agency for Economic Development and Partnership fo...
Most of Indonesia’s banking system collapsed during the 1997–98
financial and economic crisis. We estimate that the net cost to taxpayers of the government’s blanket guarantee of banks’ liabilitie...
This paper reviews the major financial measures and economic adjustment strategies adopted by some Asian countries after the Asian Financial Crisis (AFC), analyzes the status of institutional and
...
Presented at the conference Ten Years after the East Asian Crisis: Lessons and Future Economic Prospects, Waseda University, Tokyo. This paper is originally presented at the conference The Tenth An...