Memantau Risiko Makro Finansial di dalam Perekonomian Indonesia

Surveillance on the Macro-financial Risks of Indonesia's Economy

Alfan Mansur

MPRA Paper from University Library of Munich, Germany

Abstract: This paper adopts model of MCM Spidergram: Macro Financial Environment Tool (Ms Muffet) developed by the IMF as an analytical tool for assessment of risks and macro-financial conditions which affect Indonesian financial system stability. This model comprises 68 indicators merged into 6 composite indices reflecting 4 risks and 2 macro-financial conditions. The results show that this model perform well in signaling building up risks of instability in the Indonesian financial system during period of 2015 – 2016. Therefore, this model can be a valuable tool complementary to existing tools used to gauge Indonesian financial system stability. In addition, this model is also be able to cover a number of drawbacks arising in the previous models to measure financial system stability.

Keywords: Financial system stability; Ms Muffet; risks; macro-�financial conditions (search for similar items in EconPapers)
JEL-codes: E20 F30 F41 G10 G30 (search for similar items in EconPapers)
Date: 2017-11-28, Revised 2018-05-23
New Economics Papers: this item is included in nep-mac and nep-sea
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Published in Kajian Ekonomi dan Keuangan 2.2(2018): pp. 120-148

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