https://www.socictopen.socict.org/files/original/b8e87a681c89a175a187c891f66a4c45.pdf 9d09a83adf9f8cd796d7a223525f1ac7 Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Coronavirus Description An account of the resource Dominio científico: Coronavirus Text A resource consisting primarily of words for reading. Examples include books, letters, dissertations, poems, newspapers, articles, archives of mailing lists. Note that facsimiles or images of texts are still of the genre Text. Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource ESTIMATING A JOINT PROBABILITY OF DEFAULT INDEX FOR INDONESIAN BANKS: A COPULA APPROACH Creator An entity primarily responsible for making the resource Zaafri Ananto Husodo, Sigit Sulistyo Wibowo, Muhammad Budi Prasetyo, Usman Arief, Maulana Harris Muhajir Description An account of the resource We develop a joint default probability index to signal potential systemic risks in the highly concentrated Indonesian banking industry. To build the index, we estimate bank-level tail risks using monthly bank financial reports. We use the copula approach to derive the joint multivariate dependencies at the bank level, as reflected in the monthly financial reports. Our results, which are based on a sample of 104 banks from December 2003 to April 2020, show joint multivariate dependencies at the bank level suggesting that the standard univariate normal distribution is unsuitable for capturing tail risks of individual banks. Our index accurately captures the global financial crisis of 2007-2008 indicating that it is a valid joint default probability index. Further, our index also signaled a higher degree of joint default before the COVID-19 outbreak in 2020, suggesting that it is a good indicator of potential systemic risk in the economy. Date A point or period of time associated with an event in the lifecycle of the resource 2020 Subject The topic of the resource systemic risk, financial system, Pair copula construction, copula Identifier An unambiguous reference to the resource within a given context 10.21098/bemp.v23i3.1358 Source A related resource from which the described resource is derived Bulletin Ekonomi Moneter dan Perbankan Publisher An entity responsible for making the resource available Bank Indonesia Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant Finance