Currency devaluation and a company's financial structure : a case study.

Abstract

Currency devaluation is considered an exogenous policy change engineered by the authorities. Indonesia is the only country in this region to have experienced so many devaluations over a short period of time. It uses devaluation as an economic tool to stabilize the economy. The effects of utilizing such a tool are felt across the entire economy, both in the macroeconomics as well as the microeconomics of the nation.