Asia's financial crisis in July 1997 affects currency, capital market and real market throughout Asian countries. Countries in Southeast region (ASEAN), including Indonesia, Malaysia, Philippine, Singapore, and Thailand are some of the countries where the crisis hit the most. In these countries,...

Asia’s financial crisis in July 1997 affects currency, capital market, and real market throughout Asian countries. Countries in southeast region (ASEAN), including Indonesia, Malaysia, Philippines, Singapore, and Thailand, are some of the countries where the crisis hit the most. In these...

We study the macrofinancial linkage of stock market and financial system stability in Indonesia. Three stock market-based measures are proposed and are tested to search for possible empirical link from observed stock prices (stock market mispricing), combination of observed price and fundamental...