Indonesia's Financial Liberalization: An Empirical Analysis of 1981-88 Panel Data

Using 1981-99 panel data on Indonesian manufacturing establishments and a survey of 2000 top business in Indonesia, Indonesia's Financial Liberalization analyses the consequences of financial liberalization on investment and allocation of credit, noting differential effects depending on size of...

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1. Verfasser: S. Goeltom, Miranda (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Singapore ISEAS Publishing [1995]
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Zusammenfassung:Using 1981-99 panel data on Indonesian manufacturing establishments and a survey of 2000 top business in Indonesia, Indonesia's Financial Liberalization analyses the consequences of financial liberalization on investment and allocation of credit, noting differential effects depending on size of firms, organizational form, and other categorizations. Using rigorous econometric tools, the conclusion derived is that although financial liberalization has increased borrowing costs, particularly for smaller firms, it has widened access to finance. The move from administrative-based to market-based allocation of credit has increased credit flow to firms that are more efficient, and these firms consequently have a higher concentration of investment
Beschreibung:Description based on online resource; title from PDF title page (publisher's Web site, viewed 22. Jun 2018)
Beschreibung:1 online resource
ISBN:9789814379151
DOI:10.1355/9789814379151

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