Hasil Pencarian  ::  Simpan CSV :: Kembali

""This volume presents the first thorough sociologically-informed legal analysis of the financial crisis which unfolded in 2008. It combines a multitude of theoretically informed analyses of the causes, dynamics and reactions to the crisis and contextualises these within the general structural transformations characterising contemporary society. It furthermore explores the constitutional implications of the crisis and suggests concrete changes to the constitutional set-up of contemporary society. Although the question of individual responsibility is of crucial importance, the central idea animating the volume is that the crisis cannot be reduced to a mere failure of risk perception and management for which individual and collective actors within and outside of financial organisations are responsible. The 2008 crisis should rather be understood as a symptom of far deeper structural transformations. For example contemporary society is characterised by massive accelerations in the speed with which societal processes are reproduced as well as radical expansions in the level of globalisation. These transformations have, however, been asymmetrical in nature insofar as the economic system has outpaced its legal and political counterparts. The future capability of legal and political systems to influence economic reproduction processes is therefore conditioned by equally radical transformations of their respective operational forms and self-understanding. Potentially the 2008 crisis, therefore, has far-reaching constitutional implications"--Provided by publisher.ContentsConstitutional moment? The logics of 'hitting the bottom' /​ Gunther TeubnerTowards a general theory of function system crises /​ Rudolf StichwehFinancial market crisis : a case of network failure? /​ Karl-Heinz LadeurDeath by complexity : the financial crisis and the crisis of law in world society /​ Moritz RennerPolitical epidemiology and the financial crisis /​ Urs StäheliReturn of crisis /​ Hauke BrunkhorstCulture form of crisis /​ Dirk BaeckerWhat is a crisis? /​ Jean ClamEroding boundaries : on financial crisis and an evolutionary concept of regulatory reform /​ Marc AmstutzFailure of regulatory institutions : a conceptual framework /​ Alberto FebbrajoStruggles for law : global social rights as an alternative t financial market capitalism /​ Kolja MöllerEthics of the financial crisis /​ Aldo MascareñoFuture of the state /​ Chris ThornhillLaw and order within and beyond national configurations /​ Poul F. Kjaer."

"A country always wants a constant and high quality growth in economy so that its people will prosper. Economic growth requires improvement in productivity which could be accomplished by using the output approach. This approach is done by increasing Gross Domestic Product through the increase of capital inflow to be invested. Primarily, the source of investment comes from the national savings. However, if insufficient, capital can be collected from foreign investors in the from of foreign direct investment (FDI), Recently, the 2008-2009 global economic crisis faced by almost all countries throughout the world has brought a negative impact on the global FDI trend. Looking at recovery signals of this crisis, Indonesia should take advantage of this momentum by eliminating its weaknesses and limiting external impediments which could negatively impact the process of attracting FDI. This article aims to analyze steps that need to be taken by the Indonesian government in order to increase the FDI inflows to Indonesia after the 2008-2009 global financial crisis. "

"Integrasi keuangan di Asia Tenggara telah mengalami perubahan dari waktu ke waktu. Penelitian ini berfokus pada tiga periode waktu, yaitu pada sebelum, saat, dan setelah Krisis Keuangan Global tahun 2008. Hasil penelitian ini menemukan bahwa negara ASEAN-5 memiliki kecenderungan kearah integrasi keuangan. Walaupun kami belum melihat adanya hubungan jangka panjang dari kelima negara tersebut, namun kami menemukan adanya peningkatan signifikan dari volatility spillover diantara mereka. Hal ini khususnya benar terjadi sepanjang periode pemulihan dari Krisis Keuangan Global.

---

The financial integration in South East Asia has varied over time. This paper focuses on three periods: before, during, and after the global financial crisis in 2008. This paper finds that ASEAN-5 countries have indeed taken a step towards financial integration. While we do not observe any (cointegrating) long-run relationships between the ASEAN-5 countries, we find that there has been a significant increase in the volatility spillovers between them. This is particularly true in the recovery period following the global financial crisis. "

"Tujuan dari laporan ini adalah untuk menganalisis efektivitas Aturan Reformasi Keuangan Dodd-Frank dalam menanggapi krisis keuangan yang terjadi pada 2007-2008. Studi kasus ini juga membahas bagaimana krisis keuangan pada tahun itu terjadi dan apa saja kelemahan dan kekuatan aturan tersebut untuk menghindari situasi serupa yang terjadi di masa depan. Selanjutnya, penelitian tentang bagaimana JP Morgan sebagai salah satu lembaga keuangan terbesar menangani dan selamat dari krisis keuangan akan ditulis dan dibahas secara menyeluruh dalam kasus studi ini.The aim of this report is to analyse the effectiveness of the Dodd-Frank Act in response to the financial crisis that happened in 2007-2008. This study case also discusses how the financial crisis happened and what are the weaknesses and strengths of the Act in order to avoid similar situations happened in the future. Furthermore, research on how JP Morgan as one of the biggest financial institutions handled and survived the financial crisis will be thoroughly be written and discussed in this study case."

"ABSTRAK

Penelitian ini bertujuan untuk meneliti pengaruh krisis keuangan global 2008 terhadap tingkat disiplin pasar di ASEAN-6, yang terdiri dari Indonesia, Malaysia, Singapura, Thailand, Filipina dan Vietnam. Selain itu, peneliti juga melakukan penelitian tambahan khusus untuk Indonesia. Variabel yang digunakan untuk menjelaskan struktur modal adalah pertumbuhan deposit bank, sementara tingkat risiko bank dijelaskan oleh ROA, rasio kredit terhadap aset dan rasio modal terhadap aset. Penelitian ini menggunakan sampel yang meliputi sekitar 125 bank di ASEAN-6 dan Indonesia pada periode 2004-2013. Dengan menggunakan first-difference GMM, secara umum peneliti menemukan fakta bahwa krisis keuangan global 2008 memperlemah tingkat disiplin pasar di ASEAN-6 dan Indonesia.

---

ABSTRACT

This research aims to examine the impact of the 2008 global financial crisis on market discipline in ASEAN-6, consist of Indonesia, Malaysia, Singapore, Philippine, Thailand and Vietnam. Moreover, the author also did additional research with data from Indonesia. The determinants that represent market discipline is banks’ deposit growth while the banks’ risks are represented by ROA, loans to total assets ratio and equity to total asset ratio. This research uses sample from around 125 banks in ASEAN-6 and Indonesia within the period of 2004-2013. By using first difference GMM, generally, the author found a fact that on average market discipline weakens after the 2008 global financial crisis in ASEAN-6 and Indonesia.

"

"ABSTRAKEfek dari krisis ekonomi semakin lama semakin meluas. Krisis Asia 1997-1998 dan Krisis Global 2008 adalah contoh nyata penyebaran krisis ekonomi. Melalui metode komparasi, tinjauan literatur ini melihat bagaimana perkembangan kanal penyebaran krisis saat Asia 1997- 1998 dan Krisis Global 2008. Terlihat adanya perbedaan signifikansi kanal antara Krisis Asia dan Krisis Global. Signifikansi kanal fundamental dan makroekonomi dipertanyakan oleh para akademisi karena sulit ditemukan bukti empiris bahwa krisis dapat menyebar melalui kanal tersebut. Pada kanal hubungan finansial, tren menunjukkan bahwa kanal hubungan finansial semakin dipercayai sebagai kanal yang sangat signifikan dalam penyebaran krisis, terbukti dari perkembangan tulisan ilmiah yang lebih banyak membahas tentang kanal tersebut. Untuk kanal hubungan perdagangan, signifikansinya dirasakan menurun dari Krisis Asia ke Krisis Global walaupun masih tetap penting untuk sebagian negara berkembang yang menggantungkan perekonomiannya kepada pasar luar negeri. Sedangkan kanal perilaku investor semakin disoroti oleh para akademisi mengingat hubungannya yang dekat dengan kanal hubungan finansial sehingga potensi penyebaran krisisnya juga semakin besar.

---

ABSTRACTThe financial crisis effects so many countries in the world. Asian Financial Crisis 1997- 1998 and Global Financial Crisis 2008 are the living examples of the contagion effect. By using contrasting method this literature review sees the evolution of the contagion channels from Asian Financial Crisis 1997-1998 to Global Financial Crisis 2008. There are some differences in the significance of the contagion channels between the Asian Financial Crisis and the Global Financial Crisis. The significancy of macroeconomic fundamentals channels are questioned by scholars because there is no empirical evidance that crisis can spread through that channels. Financial relationships channels are increasingly believed to be a more significance channels, proven by more academic research towards that channels. For trade relations channels, the significance are perceived to be declining although it is still important for some developing countries who have economic dependency towards foreign market. Investor behavior channels are increasingly highlighted by scholars considering its close relations with the financial relations channels."