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|c 5.00 USD
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|z 9781475595130
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Chan-Lau, Jorge.
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|a Assessing Corporate Vulnerabilities in Indonesia :
|b A Bottom-Up Default Analysis /
|c Jorge Chan-Lau, Weimin Miao, Ken Miyajima, Jongsoon Shin.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2017.
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|a 1 online resource (22 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a Under adverse macroeconomic conditions, the potential realization of corporate sector vulnerabilities could pose major risks to the economy. This paper assesses corporate vulnerabilities in Indonesia by using a Bottom-Up Default Analysis (BuDA) approach, which allows projecting corporate probabilities of default (PDs) under different macroeconomic scenarios. In particular, a protracted recession and the ensuing currency depreciation could erode buffers on corporate balance sheets, pushing up the probabilities of default (PDs) in the corporate sector to the high levels observed during the Global Financial Crisis. While this is a low-probability scenario, the results suggest the need to closely monitor vulnerabilities and strengthen contingency plans.
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|a Mode of access: Internet
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|a Miao, Weimin.
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|a Miyajima, Ken.
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|a Shin, Jongsoon.
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|a IMF Working Papers; Working Paper ;
|v No. 2017/097
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2017/097/001.2017.issue-097-en.xml
|z IMF e-Library
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