Indonesia Current Account Assessment

The analysis presented in this report suggests that Indonesia’s recent current account deficit results from the interaction of short, medium and long run factors that can be grouped into four blocks: external shocks, domestic policies, international integration, and stage of development and demograp...

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Bibliographic Details
Main Authors:	Nedeljkovic, Milan, Varela, Gonzalo, Savini Zangrandi, Michele
Format:	Report
Language:	English en_US
Published:	World Bank Group, Washington, DC 2015
Subjects:	GLOBAL LIQUIDITY PUBLIC EXTERNAL DEBT MONETARY POLICY NATIONAL SAVING UNCERTAINTIES IMPORT GROWTH EXPORT MARKETS FOREIGN CAPITAL ECONOMIC GROWTH DEPOSITS EXPOSURES CONSENSUS FORECAST GLOBAL MARKETS DEPRECIATION FOREIGN LIABILITIES TRANSPORTATION COSTS TRADE BARRIERS FLEXIBLE EXCHANGE RATES EXTERNAL BALANCES LABOR FORCE ASSET EXPORTERS FISCAL POLICY FOREIGN EXCHANGE RISK GRADUAL DEPRECIATIONS DOMESTIC INTEREST RATES CAPITAL STOCK CURRENT ACCOUNT POSITION DUMMY VARIABLE MARKET ACCESS CURRENT ACCOUNT SURPLUSES IMPORT CONTENT DOMESTIC CONSUMPTION IMBALANCE EFFECTIVE EXCHANGE RATE LABOR MARKET PRIVATE SAVING INTERNATIONAL COMPETITIVENESS OIL PRICES DOMESTIC GOODS OIL COMMODITY CURRENCY EXPORT GROWTH DOMESTIC CURRENCY EXCHANGE RATE MOVEMENTS CURRENT ACCOUNT INCOME GROWTH CAPITAL FORMATION ADJUSTMENT COSTS IMPORT DEMAND SURPLUS EXCHANGE RATES FOREIGN ASSETS EXTERNAL BALANCE EXPLANATORY VARIABLES DOMESTIC DEBT IMPORTS DEPENDENCY RATIOS COMMODITY PRICE BOOM EMERGING MARKET ECONOMY CAPITAL STOCKS DEBT SERVICE RATE MOVEMENTS COMMODITY PRICE EXPORT REVENUES CURRENT ACCOUNT DEFICITS BANKING SECTOR MARKET ECONOMY EXTERNAL PRESSURE CONSUMPTION CYCLICAL SHOCKS TRADE BALANCES EXTERNAL DEMAND TOTAL EXPORTS INTERNATIONAL RESERVES INTERNATIONAL TRADE TRADE MOVEMENTS COMPETITIVENESS FOREIGN DIRECT INVESTMENT CURRENT ACCOUNT BALANCE WORLD ECONOMY FOREIGN INVESTMENT DEMAND EXCHANGE RATE MISALIGNMENTS MISALIGNMENTS AGGREGATE DEMAND ECONOMY OIL EXPORTS DOMESTIC SAVINGS BASKET OF CURRENCIES ASSETS REAL EXCHANGE RATE EXPORT COMMODITIES TRADE SURPLUS DYNAMICS OF INVESTMENT EXPORTER PUBLIC DEBT CAPITAL GOODS CURRENCIES BILL GOVERNMENT BONDS BANK LOAN DOMESTIC ECONOMY NATURAL RESOURCE DOMESTIC CREDIT EQUILIBRIUM LEVELS SUPPLY STOCK PRICE UNCERTAINTY ACCOUNT DEFICIT RAPID GROWTH REAL EFFECTIVE EXCHANGE RATE FOOD PRICES REMITTANCES PUBLIC SPENDING COMMODITY PRICES OPEN ECONOMIES CAPITAL ACCOUNT INTERNATIONAL MARKETS CURRENT ACCOUNT BALANCES ECONOMIES TOTAL EXPORT GROWTH RATES DEFICIT RISKS DEPOSIT BUFFERS OIL PRICE TRADE SHOCK CURRENT ACCOUNT IMBALANCES CAPITAL ACCUMULATION OIL COMMODITIES DOMESTIC SAVING FISCAL DEFICITS CENTRAL RATE MACROECONOMIC MANAGEMENT CURRENCY CRISES ASSET PRICES IMPORT INVESTMENT RATE BALANCE OF PAYMENTS AGGREGATE INVESTMENT LIQUIDITY WELFARE EQUILIBRIUM TRADE OPENNESS SLOWDOWN EXCHANGE MARKET INTERNATIONAL INTEREST IMPORT COMPRESSION GOVERNMENT BOND CURRENT ACCOUNTS INFLATION MACROECONOMIC STABILITY PRIVATE SAVINGS OPTIMAL CAPITAL STOCK INTERNATIONAL INTEREST RATES TRADE BALANCE REAL DEPRECIATION GLOBAL ECONOMY COMMODITY PRICE CHANGES POSITIVE SPILLOVERS TRADE INTEGRATION EXPORT EARNINGS ADVANCED ECONOMIES ECONOMIC IMBALANCE REAL EFFECTIVE EXCHANGE RATES INTEREST RATES SPECULATIVE PRESSURE TOTAL EXTERNAL DEBT REAL EXCHANGE RATE CHANGE PRIVATE INVESTMENT DEFICITS DEPRECIATIONS DEPENDENCY RATIO DIRECT INVESTMENT TRADE POLICIES FOREIGN CURRENCY PUBLIC INVESTMENT FOREIGN EXCHANGE RESERVES SURPLUSES OIL COMMODITY PRICES GOVERNMENT DEFICITS TRADE IMPACT INVESTMENT INFLOWS BUFFER CURRENT ACCOUNT DYNAMICS EXPORT GROWTH RATES EXPORT COMPETITIVENESS FINANCIAL CRISIS DEPENDENT VARIABLE IMBALANCES TRADE DEFICIT INVESTMENT LEVELS CAPITAL FLOWS CURRENT ACCOUNT DEFICIT PRICES OF INPUTS FOREIGN EXCHANGE EXCHANGE RATE REGIME DOMESTIC DEMAND EXPOSURE MACROECONOMIC EFFECTS PRIVATE SECTOR INVESTMENT CURRENCY DEPRECIATION INVESTMENT RATES OIL IMPORTER FINANCIAL MARKET REAL DEPRECIATIONS ACCOUNT DEFICITS RISK EFFECTIVE EXCHANGE RATES INVESTMENT CLIMATE FINANCIAL MARKETS GLOBAL INTEGRATION EXCHANGE RATE FLEXIBILITY CURRENT ACCOUNT IMBALANCE RATE OF GROWTH EXTERNAL SHOCKS EXTERNAL DEBT RISK MANAGEMENT EXTERNAL FINANCING EXCHANGE RATE PRICE INDEX TRADING PARTNERS WEIGHTS TRADE REGIME EXTERNAL BORROWING EXTERNAL SHOCK
Online Access:	http://hdl.handle.net/10986/22340

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http://hdl.handle.net/10986/22340

Indonesia Current Account Assessment

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