Currently repatriation occurred in U.S. dollars. Repatriation be increased, due to Send Election diamonds pearls prince U.S., and steps to hold elected President Barrack diamonds pearls prince. Some economists see no rate investor expectations that the U.S. President will be elected to give change for the U.S. economy, so the desire to make a stronger internal consolidation.
Deserve it, although the crisis countries, currency diamonds pearls prince remains stronger, because the demand for the exchange rate increases. Accounting stronger in the middle of the value of assets, the price of oil and commodities.
For the country, which is a drop in U.S. short-term funds, to shake the balance of capital (capital account). As a result, the currency of domestic diamonds pearls prince down, including Indonesia.
Related to that, Bank Indonesia is trying hard to maintain the rupiah exchange rate set by the BI policy rate at high level. Beginning November 2008, the BI to maintain interest rates at 9.50% position, but can not hold rupiah depreciation against the U.S. dollar. Rupiah weakened position in the $ Rp11.000/US, at the time.
To stabilize the money market in the country, due to high demand for U.S. dollars, foreign exchange reserves diamonds pearls prince from U.S. $ 50.58 billion during the period of one month, from U.S. $ 57.11 billion in early October 2008.
A. Tony diamonds pearls prince, head economist of PT BNI Tbk., Said since the bomb home ownership loans stuck in the country explode years ago, the actual repatriation has begun, but not so frequently because U.S. investors are still waiting for good news, from government policies and good market.
However, it is in crisis, the International Monetary Fund in the report mentioned the loan losses in the U.S., and the decline in the value of the assets guarantee the current crisis will reach around U.S. $ 1.4 trillion. To maintain growth in the credit sector, although in a low position, the global banking capital needs around U.S. $ 675 billion, for several years.
Conditions that cause no diamonds pearls prince other choice for the U.S., in addition to conducting internal consolidation and interesting all the funds that invest in other countries, diamonds pearls prince because there are potential risks, especially short-term investments. No matter whether the investment is in good condition or losers.
Stephen S. Roach, diamonds pearls prince Chairman of Morgan Stanley Asia, in Jakarta, this weekend, said the government will assess the repatriation survive while investors await a new government policy. After that, the U.S. dollar will fall again, as investors re-deploy capital to the world. He estimates at the beginning of 2009, the U.S. dollar will weaken again.
Bambang Prijambodo, Director of Macro Planning Kemeng VAT / Head of Bappenas, assess the condition is very reasonable. U.S. economic chaos improve investor desire for soon the country berkonsolidasi, in order to measure how big the impact of the financial crisis, namely a Citigroup, Well Fargo, JPMorgan Chase, Goldman Sachs, First Commerce and dozens of other international companies.
Anticipating
The question is, when diamonds pearls prince to the U.S. dollar will continue. According to, Bambang, - who previously predicted oil prices will go down in the quarter II/2008 on the government and all pessimistic economists - say repatriation will not be long. He predicted not until three months, post-elected U.S. President, the U.S. dollar will diamonds pearls prince again find a market.
However, the repatriation must hold the anticipated, because the declining local currency, commodity prices in the country down. In the argument of a normal, if the price of products in the country down, demand for exports will rise. However, with economic growth of the country's largest export destination collapse recession, especially the declining growth of the real sector, certainly difficult to expect to increase exports.
Some of the solution offered in economics. Director diamonds pearls prince said diamonds pearls prince U.S. dollars cause developing countries to issue about what steps to stabilize the capital account deficit continues.
Before the crisis, in June 2008, the government issued a global bond worth U.S. $ 2.1 billion in June 2008, bidding time to reach U.S. $ 6 billion. Currently, it is very difficult to expect liquidity with the same amount.
"There is no other choice, developing countries must return to traditional banks, such as the World Bank, multilateral cooperation and bilateral, but because the amount is very limited, budget deficits must diamonds pearls prince, such as revising the 2008 Budget deficit target of 1.7% to 1 %, "He explained.
diamonds pearls prince liquidity as a result of competition, most of the countries in the world to ensure 100% savings (blanket Guarantee). U.S. deposit insurance to increase from U.S. $ 100,000 to U.S. $ 250,000. This policy is directly followed by most developing countries.
"I think all developing countries must implement this blanket Guarantee, if not, the funds will be blurred to the neighboring countries. Government must sprightly diamonds pearls prince, by doing 100% Guarantee, "said Toni A Prasetiantono.
Unlike the suggestion Mirza Adityaswara, a former Credit Suisse analysts that per 2 last November, became the official analyst of PT Bank Mandiri Tbk. He said that developing countries can stabilize the balance of payment transactions from the trade of goods and services (current account), by reducing imports.
In Indonesia, Muliaman D. Hadad, Deputy Governor of Bank Indonesia recognizes diamonds pearls prince U.S. dollars, plus stock index diamonds pearls prince the pressure on interest rates is still big, so there is no liquidity. If there are, he explained, is very limited, the company diamonds pearls prince difficult to save themselves if only rely on the normal policy.
From the banking liquidity demand seems more urgent, Arwin Rasyid, CEO of CIMB Niaga said the current banking diamonds pearls prince funding constraints due to the U.S. dollar liquidity that is increasingly tight, because the bank experienced a situation where the loan diamonds U.S. dollars more than the funds available dollars.
Deserve it, although the crisis countries, currency diamonds pearls prince remains stronger, because the demand for the exchange rate increases. Accounting stronger in the middle of the value of assets, the price of oil and commodities.
For the country, which is a drop in U.S. short-term funds, to shake the balance of capital (capital account). As a result, the currency of domestic diamonds pearls prince down, including Indonesia.
Related to that, Bank Indonesia is trying hard to maintain the rupiah exchange rate set by the BI policy rate at high level. Beginning November 2008, the BI to maintain interest rates at 9.50% position, but can not hold rupiah depreciation against the U.S. dollar. Rupiah weakened position in the $ Rp11.000/US, at the time.
To stabilize the money market in the country, due to high demand for U.S. dollars, foreign exchange reserves diamonds pearls prince from U.S. $ 50.58 billion during the period of one month, from U.S. $ 57.11 billion in early October 2008.
A. Tony diamonds pearls prince, head economist of PT BNI Tbk., Said since the bomb home ownership loans stuck in the country explode years ago, the actual repatriation has begun, but not so frequently because U.S. investors are still waiting for good news, from government policies and good market.
However, it is in crisis, the International Monetary Fund in the report mentioned the loan losses in the U.S., and the decline in the value of the assets guarantee the current crisis will reach around U.S. $ 1.4 trillion. To maintain growth in the credit sector, although in a low position, the global banking capital needs around U.S. $ 675 billion, for several years.
Conditions that cause no diamonds pearls prince other choice for the U.S., in addition to conducting internal consolidation and interesting all the funds that invest in other countries, diamonds pearls prince because there are potential risks, especially short-term investments. No matter whether the investment is in good condition or losers.
Stephen S. Roach, diamonds pearls prince Chairman of Morgan Stanley Asia, in Jakarta, this weekend, said the government will assess the repatriation survive while investors await a new government policy. After that, the U.S. dollar will fall again, as investors re-deploy capital to the world. He estimates at the beginning of 2009, the U.S. dollar will weaken again.
Bambang Prijambodo, Director of Macro Planning Kemeng VAT / Head of Bappenas, assess the condition is very reasonable. U.S. economic chaos improve investor desire for soon the country berkonsolidasi, in order to measure how big the impact of the financial crisis, namely a Citigroup, Well Fargo, JPMorgan Chase, Goldman Sachs, First Commerce and dozens of other international companies.
Anticipating
The question is, when diamonds pearls prince to the U.S. dollar will continue. According to, Bambang, - who previously predicted oil prices will go down in the quarter II/2008 on the government and all pessimistic economists - say repatriation will not be long. He predicted not until three months, post-elected U.S. President, the U.S. dollar will diamonds pearls prince again find a market.
However, the repatriation must hold the anticipated, because the declining local currency, commodity prices in the country down. In the argument of a normal, if the price of products in the country down, demand for exports will rise. However, with economic growth of the country's largest export destination collapse recession, especially the declining growth of the real sector, certainly difficult to expect to increase exports.
Some of the solution offered in economics. Director diamonds pearls prince said diamonds pearls prince U.S. dollars cause developing countries to issue about what steps to stabilize the capital account deficit continues.
Before the crisis, in June 2008, the government issued a global bond worth U.S. $ 2.1 billion in June 2008, bidding time to reach U.S. $ 6 billion. Currently, it is very difficult to expect liquidity with the same amount.
"There is no other choice, developing countries must return to traditional banks, such as the World Bank, multilateral cooperation and bilateral, but because the amount is very limited, budget deficits must diamonds pearls prince, such as revising the 2008 Budget deficit target of 1.7% to 1 %, "He explained.
diamonds pearls prince liquidity as a result of competition, most of the countries in the world to ensure 100% savings (blanket Guarantee). U.S. deposit insurance to increase from U.S. $ 100,000 to U.S. $ 250,000. This policy is directly followed by most developing countries.
"I think all developing countries must implement this blanket Guarantee, if not, the funds will be blurred to the neighboring countries. Government must sprightly diamonds pearls prince, by doing 100% Guarantee, "said Toni A Prasetiantono.
Unlike the suggestion Mirza Adityaswara, a former Credit Suisse analysts that per 2 last November, became the official analyst of PT Bank Mandiri Tbk. He said that developing countries can stabilize the balance of payment transactions from the trade of goods and services (current account), by reducing imports.
In Indonesia, Muliaman D. Hadad, Deputy Governor of Bank Indonesia recognizes diamonds pearls prince U.S. dollars, plus stock index diamonds pearls prince the pressure on interest rates is still big, so there is no liquidity. If there are, he explained, is very limited, the company diamonds pearls prince difficult to save themselves if only rely on the normal policy.
From the banking liquidity demand seems more urgent, Arwin Rasyid, CEO of CIMB Niaga said the current banking diamonds pearls prince funding constraints due to the U.S. dollar liquidity that is increasingly tight, because the bank experienced a situation where the loan diamonds U.S. dollars more than the funds available dollars.
No comments:
Post a Comment