Assessing Corporate Vulnerabilities in Indonesia : A Bottom-Up Default Analysis /

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 probabiliti...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Chan-Lau, Jorge
مؤلفون آخرون: Miao, Weimin, Miyajima, Ken, Shin, Jongsoon
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2017.
سلاسل:IMF Working Papers; Working Paper ; No. 2017/097
الوصول للمادة أونلاين:Full text available on IMF
LEADER 01954cas a2200277 a 4500
001 AALejournalIMF017586
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781475595130 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Chan-Lau, Jorge. 
245 1 0 |a Assessing Corporate Vulnerabilities in Indonesia :   |b A Bottom-Up Default Analysis /  |c Jorge Chan-Lau, Weimin Miao, Ken Miyajima, Jongsoon Shin. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2017. 
300 |a 1 online resource (22 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |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. 
538 |a Mode of access: Internet 
700 1 |a Miao, Weimin. 
700 1 |a Miyajima, Ken. 
700 1 |a Shin, Jongsoon. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2017/097 
856 4 0 |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