This paper describes decentralisation in Indonesia according to Law No. 22 and 25, 1999, and discusses its economic and politial implications to the regions. Paper written in Indonesia.

This paper tests the existence of political credit cycles, the positive co-movement between credit and elections. While support for this relationship has been found in some single-country studies, the link between electoral cycles and credit expansion has seen little exploration at the...

Rapid credit growth seems to precede many episodes of banking crises in both advanced and emerging market economies including the recent global financial crisis of 2007-09. All episodes of high credit growth are not followed by crisis, however. We argue that credit growth is more likely to lead...

Purpose: The recurrence of banking crises throughout the 1980s and 1990s, and in the more recent 2008-09 global financial crisis, has led to an expanding empirical literature on crisis explanation and prediction. This paper provides an analytical review of proxies for and important determinants...

The European sovereign-debt crisis began in Greece when the government announced in December, 2009, that its debt reached 121% of GDP (or 300 billion euros) and its 2009 budget deficit was 12.7% of GDP, four times the level allowed by the Maastricht Treaty. The Greek crisis soon spread to other...

This paper provides an overview of the evolution of interregional income disparities among 304 regions from 27 OECD countries between 1995 and 2005. This sample of regions allows to compare interregional income inequality in different economic integration systems: the USA (used as an example of...

The European sovereign-debt crisis began in Greece when the government announced in December 2009 that its debt reached 121% of GDP (or 300 billion euros) and its 2009 budget deficit was 12.7% of GDP - four times the level allowed by the Maastricht Treaty. The Greek crisis soon spread to other...