GLOBAL FINANCIAL CRISIS: THE BUBBLE EFFECT IN INDONESIA

Crisis Transmission: Global Financial Crisis

The aim of this paper is to explore, empirically, the channels of crisis transmission with regard to the Global financial crisis. EMP-based crisis proxy is used for eight countries, which include Argentina, Brazil, Canada, Indonesia, Japan, Korea, Mexico and Russia. The period considered for estimation was Q1 2001 Q2 2010. Based on the Vector AutoRegression (VAR) and Ordinary Least Squares (OLS...

Country Report of the Asean Assessment on the Social Impact of the Global Financial Crisis: Indonesia

Effect of Global Financial Crisis on International Trade in Developed and Developing Countries

The recent global crisis, as a big crash ( Baldwin and Simon , 2009), has reduced foreign demand growth affecting total countries’ exports. Given the importance of foreign trade to nations and the reality that recent crisis has affected international trade we study the effects of the global financial crisis on trade relations between countries by using Ma and Cheng (2003) approach and by appl...

Workplace Democracy and the Global Financial Crisis

The global financial crisis provides an opportunity for Australia to undertake reforms which will create a more democratic workplace. This will require a new social settlement between government, employers and unions which not only restores and extends collective bargaining rights but also strengthens workers’ legal rights to participate in decision making at the enterprise level. In the global...

Bank Liquidity and the Global Financial Crisis

We investigate the stochastic dynamics of bank liquidity parameters such as liquid assets and nett cash outflow in relation to the global financial crisis. These parameters enable us to determine the liquidity coverage ratio that is one of themetrics used in ratio analysis to measure bank liquidity. In this regard, numerical results show that bank behavior related to liquidity was highly procyc...