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Iwan Jaya Azis, 1953-
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Krugman used the Bernanke-Gertler model to explain the Asian Crisis. This model implies that macroeconomic shocks am decrease credit creation by reducing firms' creditworthiness or by eroding hank capital. Foreign banks in Indonesia should he less likely to restrict credit following macaroeconomic shocks than domestic banks because they employed better risk management practices, they were less vulnerable to disintermediation, and their customers were largely hedged. Thus foreign banks were used as the control group. Wt1 ...
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2004
EFIN-52-3-Des2004-279
Artikel Jurnal Universitas Indonesia Library