By SUNNY BOY OF COAL

The title above is a canopy of diselenggarakanya seminar by the Faculty of Economics, majoring in Economics at Udayana University in cooperation with Bank Indonesia, Denpasar, Bali on December 22, 2008. As for the speaker or the speaker of the seminar was Prof.. Dr. Miranda S. Goeltoem-BI Senior Deputy Governor and Untoro-BI Researcher PPSK.

Basically the reason for the financial crisis caused by Miranda Goeltoem:

1. The existence of speculative behavior of economic agents who violate the principles of "prudent" and underestimate the risk or securities as collateral in people who do not have the money.
2. Money in developed countries not only managed by monetary authorities but by the private sector so that the subprime mortage crisis eventually occurs.

But on the other hand, Untoro analyzing the financial crisis that occurred (through his research entitled Effect "Surprise" From Macro Economic News Movement Against Rupiah Exchange Rate) is caused because of the limited data that affect the American macroeconomic volatility in the rupiah so that there are market participants anticipation of magnitude macroeconomic data published, by which time the implementation of macroeconomic data announcements Americans experience the difference in time to the time the foreign exchange market operations Jakarta. Furthermore, Miranda Goeltoem also answered questions from participants about how one of the implications for Indonesia's economy in 2009. Impact on the economy in Indonesia "is not strong enough", the reason is based on: the level of CAR (banking indicators 2008) on top of 16.9 percent and Non-Performing Loans or Bad Debts rate range of 3.0 percent and if dikomparasikan with Turkey and Iceland who have borrowed funds to the International Monatary Fund, or IMF, Indonesia was not doing the loan. On the other hand, Bank Indonesia is currently facing a risk aversion-people prefer to hold money because it reduces the risk of these things happen as a result of economic uncertainty, he added again.

Parallel with this, according to Miranda effort to do the monetary domain are: (1). maintain Statutory Minimum or reserve, (2). CAR levels while maintaining the fiscal domain is currently doing business in the form: Men-switch programs, capital-intensive to labor-intensive, such as PNPM and Bank Indonesia Liquidity Assistance. Miranda Suetition Goeltoem also provide moral or moral exhortation for banks in Bali also businessmen to work together to restructure should not behave in default or does not meet obligations to the bank for business, because if the intensity is high then this will give effect to the national economy.

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