Balance Sheet Approach for Fiscal Sustainability in Indonesia

This paper models fiscal sustainability in Indonesia using the measure of liabilities-to-asset ratio (LAR), a simple measure of a country's balanced-sheet. It uses the approach of conditional Value-at-Risk (VaR), assuming normal or t distributions, to define the risky level. The conditional st...

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Bibliographic Details
Main Authors: Jaka Sriyana, Abdul Hakim
Format: Article
Language:English
Published: EconJournals 2017-01-01
Series:International Journal of Economics and Financial Issues
Online Access:http://mail.econjournals.com/index.php/ijefi/article/view/3289

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