Indonesia: Selected Issues

July 30, 2009

Preview Citation

Format: Chicago

Indonesia: Selected Issues, (USA: International Monetary Fund, 2009) accessed November 26, 2024

Summary

Indonesia’s external borrowing spreads increased by more than 1000 bps from mid-2007 to late 2008, before subsiding in recent months. The large increase in spreads prompted questions about whether the spreads adequately reflect the improvements in fundamentals made over the past few years. This Selected Issues paper examines the determinants of Indonesia’s spreads, and finds that fundamentals can explain both the level of and the increase in spreads. It uses a cross-country panel regression model of emerging market sovereign spreads to yield valuable insights into the pattern of Indonesia’s sovereign spreads.

Subject: Budget planning and preparation, Expenditure, Fiscal policy, Fiscal stance, International trade, Public debt, Public financial management (PFM), Terms of trade

Keywords: Budget planning and preparation, CR, Economic risk rating, EMBI, Fiscal policy, Global, Indonesia, Inflation, Interest rate, ISCR, Macroeconomic performance, Policy framework, Spreads well, Terms of trade

Publication Details

Pages:

31
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/231
Stock No:

1IDNEA2009002
ISBN:

9781451818451
ISSN:

1934-7685

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