scholarly journals RISK OF INDONESIAN BANKS: APPLYING HISTORICAL EXPECTED SHORTFALL METHOD

2015 ◽  
Vol 17 (3) ◽  
Author(s):  
Tuti Eka Asmarani
Keyword(s):  
Risk Assessment ◽  
Balance Sheet ◽  
Market Risk ◽  
Expected Shortfall ◽  
The State ◽  
Small Enterprise ◽  
Excess Loss ◽  
Basel Committee ◽  
Market Risks ◽  
The Government

Asian and European Crises were witnesses of banks' vulnerable due to market risks. Basel Committee requires an internal risk assessment applying VaR. However, a replacement of VaR with expected Shortfall is suggested recently due to an excess loss produced by banks which are beyond VaR estimation. This paper studied the risk of Indonesian banks applying a historical expected shortfall. We used JIBOR (overnight) from 2009 – 2012 as a proxy of market risk. The assessment of a historical expected shortfall of the net position of 27 banks accounts for October 2012 showed that state owned banks placed among the five highest value of each component (net position) in the balance sheet, namely placement to Bank Indonesia, interbank placement, spot and derivatives claims, securities, and loans. It means that the state owned banks had the highest risk and the most aggressive among Indonesian banks. It might be due to carrying some of governments program, such as small enterprise loans. However, customers should not be worried since the government owns the banks. Keywords: Historical Expected Shortfall, Indonesian Banks, Banks' risk, Risk assessmentJEL Classification: G210

scholarly journals RISK OF INDONESIAN BANKS: AN APPLICATION OF HISTORICAL EXPECTED SHORTFALL METHOD

2015 ◽  
Vol 17 (3) ◽  
pp. 299-314
Author(s):  
Nevi Danila ◽  
Bunyamin Bunyamin ◽  
Siti Munfaqiroh
Keyword(s):  
Risk Assessment ◽  
At Risk ◽  
Value At Risk ◽  
Balance Sheet ◽  
Market Risk ◽  
Expected Shortfall ◽  
Jel Classification ◽  
Small Enterprise ◽  
Basel Committee ◽  
Market Risks

Asian and European crises were witnesses of banks’ vulnerable due to market risks. The Basel Committee requires an internal risk assessment applying Value at Risk (VaR). However, a replacement of VaR with Expected Shortfall (ES) has been suggested recently due to an excessive losses produced by banks which are beyond VaR estimations. This paper studied the risk of Indonesian banks applying a historical expected shortfall. We used JIBOR (overnight) from 2009 – 2012 as a proxy of market risk. The assessment of a historical expected shortfall of the net position of 27 banks accounts for October 2012 showed that state owned banks placed among the five highest value of each component (net position) in the balance sheet, namely placement to Bank Indonesia, interbank placement, spot and derivatives claims, securities, and loans. It means that the state owned banks had the highest risk and were the most aggressive among Indonesian banks. It might be due to carrying some of the government’s program, such as small enterprise loans. Keywords: expected shortfall, value at risk, banks, risk. JEL Classification: D81, G210

scholarly journals THE PERSISTENCY AND THE SUSTAINABILITY OF THE INDONESIA'S CURRENT ACCOUNT DEFICIT

2015 ◽  
Vol 17 (3) ◽  
pp. 315-338
Author(s):  
Tuti Eka Asmarani
Keyword(s):  
Risk Assessment ◽  
At Risk ◽  
Value At Risk ◽  
Current Account Deficit ◽  
Balance Sheet ◽  
Expected Shortfall ◽  
Jel Classification ◽  
Small Enterprise ◽  
Basel Committee ◽  
Market Risks

Asian and European crises were witnesses of banks’ vulnerable due to market risks. The Basel Committee requires an internal risk assessment applying Value at Risk (VaR). However, a replacement of VaR with Expected Shortfall (ES) has been suggested recently due to an excessive losses produced by banks which are beyond VaR estimations. This paper studied the risk of Indonesian banks applying a historical expected shortfall. We used JIBOR (overnight) from 2009 – 2012 as a proxy of market risk. The assessment of a historical expected shortfall of the net position of 27 banks accounts for October 2012 showed that state owned banks placed among the five highest value of each component (net position) in the balance sheet, namely placement to Bank Indonesia, interbank placement, spot and derivatives claims, securities, and loans. It means that the state owned banks had the highest risk and were the most aggressive among Indonesian banks. It might be due to carrying some of the government’s program, such as small enterprise loans.  Keywords: expected shortfall, value at risk, banks, risk. JEL Classification: D81, G210

scholarly journals SISTEM INFORMASI MANAGEMEN DAN AKUNTANSI BARANG MILIK NEGARA DALAM PENERAPAN AKUNTANSI BERBASIS AKRUAL

2019 ◽  
Vol 6 (2) ◽  
pp. 97
Author(s):  
Isti'anah Isti'anah
Keyword(s):  
Asset Management ◽  
Balance Sheet ◽  
Global Scale ◽  
The State ◽  
Management Policy ◽  
Accounting System ◽  
Use Of Resources ◽  
State Finance ◽  
The Government ◽  
Asset Management System

<p class="Style3">One of mandate from Law No. 17/2003, which is one package of the State Finance Regulation, is the implementation of accrual accounting is believed to contain a better policy planning and a more informative approach to asset management. The reform of accounting practices in the government sector has strongly influenced property asset management. On a global scale, implementation of accrual basis as a way to bring the government believed to be more accountable and transparent in the use of resources and government policies in order to execute and perform the duties of State. Indonesia has implemented an asset management system of the State, namely Information Systems and Management of State Assets (SIMAK-BMN) which is part of the Agency Accounting System (SAI). SIMAK-BMN process acquisition of transaction, changes and removal of BMN to support Financial Accounting System (SAK) to Consolidated Balance Sheet. In addition, this system produces various reports, books, and cards that provide managerial information in the management of BMN. Administration activities and reporting of State Property by SIMAK-BMN is a standard in determining of value asset state which proper, correct and reliable. SIMAK - BMN besides supporting the implementation of the accountability, also provide various informations to the management public goods. One such issue is the relationship between accounting reform and asset management reform. This issue is a bundle of accounting issues: (1) how far should asset valuation on the balance sheet be pushed for real properties the government owns, (2) how does shifting to accrual-based accounting standards affect property accounting and management, and (3) how much importance should asset management policy attach to accounting rules?</p>

scholarly journals Dynamic Hazards In Critical Infrastructure Of State

2015 ◽  
Vol 7 (1) ◽  
pp. 143-158 ◽  
Author(s):  
Teresa Ostrowska ◽  
Tadeusz Krupa ◽  
Michał Wiśniewski
Keyword(s):  
Risk Assessment ◽  
Research And Development ◽  
Crisis Management ◽  
Management System ◽  
Critical Infrastructure ◽  
Development Project ◽  
The State ◽  
Administrative Structure ◽  
The Government ◽  
Government Security

Abstract The authors are interested in some aspects of a development project entitled “The methodology of risk assessment for the purposes of crisis management system RP (ID 193751)”. The project funded by the National Research and Development Centre under the Competition 3/2012 (security and defense). As part of the project the following items were reviewed and analyzed: materials related to the Government Security Centre, already completed and available products of the project ID 193751, and literature relating to, among other things, crisis management, critical infrastructure, business continuity, security, and threats. The basic emphasis of the article is focused on the resource-critical infrastructure interpretation of the state, whereby the state is perceived as a complex administrative structure in which, on the basis of external and internal interactions of resources, the risk of threats measurement is done.

scholarly journals Georgia

2020 ◽  
Vol 20 (223) ◽  
Author(s):  
Keyword(s):  
Public Sector ◽  
Local Governments ◽  
Central Government ◽  
Balance Sheet ◽  
The State ◽  
Net Worth ◽  
State Owned Enterprise ◽  
National Bank ◽  
The Government

Georgia’s public sector balance sheet (PSBS) is in relatively healthy shape, with assets exceeding liabilities, and is comparatively lean. Looking across all entities that the government controls, including the central government, local governments, the State-Owned Enterprise (SOE) sector and the National Bank of Georgia (NBG), total assets are worth 149 percent of GDP, made up of cash, loans, infrastructure, land and productive SOE assets. Liabilities are worth 81 percent of GDP, primarily comprising loans and debt of the government and SOEs. This leaves positive net worth of 68 percent of GDP, putting it in the top third of countries in the IMF’s database.

The national balance sheet

2003 ◽  
Vol 184 ◽  
pp. 43-44 ◽  
Author(s):  
Martin Weale
Keyword(s):  
Balance Sheet ◽  
The State ◽  
The Government

Discussion around the time of the budget focuses on the state of the Government's finances, both in terms of the balance of income and expenditure, and also on their implications for the government balance sheet. Despite the wide-ranging nature of some of the budget commentary, the issue of the national balance sheet received no discussion there and attracts little attention generally.

Some aspects of the idea of unity V. Solovyov and the present

2000 ◽  
pp. 20-25
Author(s):  
O. O. Romanovsky
Keyword(s):  
Nineteenth Century ◽  
National Policy ◽  
The State ◽  
Place Of Residence ◽  
The Government ◽  
The University ◽  
Temporary Closure

In the second half of the nineteenth century, the nature of the national policy of Russia is significantly changing. After the events of 1863 in Poland (the Second Polish uprising), the government of Alexander II gradually abandoned the dominant idea of ​​anathematizing, whose essence is expressed in the domination of the principle of serving the state, the greatness of the empire. The tsar-reformer deliberately changes the policy of etatamism into the policy of state ethnocentrism. The manifestation of such a change is a ban on teaching in Polish (1869) and the temporary closure of the University of Warsaw. At the end of the 60s, the state's policy towards a five million Russian Jewry was radically revised. The process of abolition of restrictions on travel, education, place of residence initiated by Nicholas I, was provided reverse.

Russia in 2000-2004: Heading towards State Capitalism?

2004 ◽  
pp. 42-65 ◽  
Author(s):  
A. Radygin
Keyword(s):  
The State ◽  
Private Business ◽  
Private Companies ◽  
State Capitalism ◽  
The Government

The paper deals with one of the characteristic trends of the 2000s, that is, the government's property expansion. It is accompanied by attempts to consolidate economic structures controlled by the state and state-owned stock packages and unitary enterprises under the aegis of holdings. Besides the government practices selective severe enforcement actions against a number of the largest private companies, strengthens its control over companies with mixed capital and establishes certain informal procedures of relationships between private business and the state. The author examines the YUKOS case and the business community's actual capacity to protect its interests. One can argue that in all likelihood the trend to the 'state capitalism' in its specific Russian variant has become clearer over 2003-2004.

Transiting into Singaporean identity: Immigration and naturalisation policy

2015 ◽  
Vol 13 (1) ◽  
pp. 33-48 ◽  
Author(s):  
Mathews Mathew ◽  
Debbie Soon
Keyword(s):  
Manpower Planning ◽  
The State ◽  
Comparative Perspective ◽  
Policy Discourse ◽  
Optimal Composition ◽  
Skilled Labour ◽  
Planning Policy ◽  
The Government ◽  
The Ideal

Debates in Singapore about immigration and naturalisation policy have escalated substantially since 2008 when the government allowed an unprecedentedly large number of immigrants into the country. This essay will discuss immigration and naturalisation policy in Singapore and the tensions that have been evoked, and how these policies are a key tool in regulating the optimal composition and size of the population for the state’s imperatives. It will demonstrate that although the state has, as part of its broader economic and manpower planning policy to import labour for economic objectives, it seeks to retain only skilled labour with an exclusive form of citizenship.  Even as the Singapore state has made its form of citizenship even more exclusive by reducing the benefits that non-citizens receive, its programmes for naturalising those who make the cut to become citizens which include the recently created Singapore Citizenship Journey (SCJ) is by no means burdensome from a comparative perspective. This paper examines policy discourse and the key symbols and narratives provided at naturalisation events and demonstrates how these are used to evoke the sense of the ideal citizen among new Singaporeans. 

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