The Analysis of Risk Profile and Financial Vulnerability of Households in Indonesia
Keywords:
Balance sheet analysis, financial margin, coping strategy
Abstract
This paper identifies the vulnerability of household in Indonesia using both Balance Sheet and Financial Margin Approaches with coping strategy analysis in response to financial pressure. The result concluded that the household sector is solvent and sound with high interconnectivity with the non-financial corporation, particularly with banks. The heatmap coping strategies are in the moderate zone. However, it cumulatively tends to change to a high and extreme zone which potentially creates imbalances in the financial system in Indonesia.
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References
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Armas, JCA. (2016). Balance Sheet Analysis: A New Approach to Financial Stability Surveillance. Bangko Sentral ng Pilipinas.
Bank Indonesia. (2016). Kajian Stabilitas Keuangan – Mitigasi Risiko Sistemik untuk Menjaga Stabilitas Sistem Keuangan dan Mendorong Intermediasi di Tengah Tantangan Global dan Domestik. KSK Maret 2016.
Bilston, Tom., Johnson, Robert & Read, Matthew. (2015). Stress Testing the Australian Household Using the HILDA Survey.Research Discussion Paper. Reserve Bank of Australia.
Craig, Sean. (2015). Risk and Spillovers: Use of National Balance Sheet Data. Material for Meeting of the IMF Government Finance Statistics Advisory Committee. Washington DC.
Haim, Yair., Levy, Roee. (2007). Using the Balance Sheet Approach in Financial Stability Surveillance: Analyzing the Israeli Economy’s Resilience to Exchange Rate Risk. Financial Stability Area. Bank of Israel.
Hoogeveen, Johannes., Tesliuc, Emil., & Vakis, Renos. (2004). A Guide to the Analysis of Risk, Vulnerability and Vulnerable Groups. Worldbank & University of Stanford.
IMF. (2015). Balance Sheet Analysis in Fund Surveillance. Policy Paper International Monetary Fund (IMF). Juni 2015.
IMF. (2015). Balance Sheet Analysis in Fund Surveillance – Reference Note. Policy Paper International Monetary Fund (IMF). Juli 2015.
Johanson, Martin W., and Persson, Mattias. (2006). Swedish Households’ Indebtedness And Ability To Pay – A Household Level Study. Penning – OCH valutapolitik 3/2006. Sveriges Riks bank.
Nicolas, Albacete.,and Fessler, Pirmin. (2009). Stress Testing Austrian Households. Oesterreichische National Bank.
Pratama, Alvin.,and Hidayat, Taufik. (2015). Indonesia Households’ Financial Vulnerability. Paper submitted to Bank Indonesia.
PEP-CBMS Network Coordinating Team. (2011). Definition and Types of Shocks and Coping Strategies to be Monitored. Material for Technical Workshop on Monitoring Household Coping Strategies During Complex Crises March 2011. Poverty Environment Partnership (PEP) – United Nations Development Program (UNDP) & Community Based Monitoring System International Network (CBMS).
Ryan, Paul.,and Stone, Tahlee. (2009). Household Wealth in Australia: Evidence from the 2014 HILDA Survey. Reserve Bank of Australia.
Santoso, Wimboh., and Sukada, Made. (2009). Risk Profile of Households and The Impact on Financial Stability.BIS Papers No 46.
WHO/EHA. (1999). Emergency Health Training Programme for Africa - Coping Mechanism. Draft 1-1999.
Yuventus, Effendi. (2015). The Indonesia Households’ Stress Testing: A Micro Simulation Approach. Fiscal Policy Agency. Ministry of Finance Indonesia.
Vatne, BH. (2006). How Large Are The Financial Margin Of Norwegian Households? An Analysis Of Micro Data For The Period 1987 – 2004.Economic Bulletin 4/06 (Vol.77) 173-180. Central Bank of Norway.
Vatne, BH. (2007). Financial Margin in Norwegian Household – An Analysis of Micro Data for the Period 1987 – 2003. EIFC Bulletin No 25. Central Bank of Norway.
Published
2018-04-30
How to Cite
Abubakar, A., Astuti, R., & Oktapiani, R. (2018). The Analysis of Risk Profile and Financial Vulnerability of Households in Indonesia. Buletin Ekonomi Moneter Dan Perbankan, 20(4), 443-474. https://doi.org/10.21098/bemp.v20i4.906
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Buletin Ekonomi Moneter dan Perbankan / Bulletin of Monetary Economics and Banking is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
