Building a Modern Financial System: The Indonesian Experience (Trade and Development)
Cambridge University Press
Edition: New Ed, 1/14/1999
EAN 9780521650885, ISBN10: 0521650887
Paperback, 408 pages, 22.8 x 15.2 x 2.3 cm
Language: English
Building A Modern Financial System provides penetrating insights into the upheavals in Indonesia, and explains the kinds of policies that can lead to the development of a modern financial system in a large, relatively underdeveloped country. The study covers all facets of the financial system, emphasising the role of the monetary authorities, the transition from government-dominated to a predominantly private banking system, and the rapid expansion of the capital market. Indonesia is a particularly interesting case because its economy and financial system was in shambles in the mid-1960s owing to political adventurism and economic mismanagement. Until more recently sensible economic policies and growth-promoting reforms provided a sound financial system and a balanced expansion of agriculture and industry. However since the mid-1990's the stability of the Indonesian system has once again been called into question.
1. Introduction
2. Overview of Indonesian financial development
3. Managing monetary policy
4. Credit allocation and bank supervision
5. Evolution of the banking system
6. Emergence of the capital market
7. Prudential and infrastructure development for the capital market
8. Modernizing the insurance industry and pension system
9. Finance companies, other specialized finance, and informal finance
10. The political economy of Indonesian financial reform
11. Some lessons from Indonesian experience.