Building a Modern Financial System The Indonesian Experience [Hardcover]

Traces aspects of the development of Indonesia's financial system.This book provides a unique inside account of all aspects of the Indonesian financial system over the past three decades indicating policies adopted, their effects, and the pressures that influenced policy choices.Indonesia provides an interesting example of financial modernization: it was considered a hopeless case in the mid-`1960's; since then it has maintained a balanced fiscal policy and largely unrestrained foreign capital movements, both of which are atypical of the vast majority of developing countries.This book provides a unique inside account of all aspects of the Indonesian financial system over the past three decades indicating policies adopted, their effects, and the pressures that influenced policy choices.Indonesia provides an interesting example of financial modernization: it was considered a hopeless case in the mid-`1960's; since then it has maintained a balanced fiscal policy and largely unrestrained foreign capital movements, both of which are atypical of the vast majority of developing countries.Building a Modern Financial System provides a unique inside account of all aspects of the Indonesian financial system over the past three decades, indicating policies adopted, their effects, and the pressures that influenced policy choices. Indonesia provides an interesting example of financial modernization: it was considered a hopeless case in the mid 1960s, after which it maintained a balanced fiscal policy and largely unrestrained foreign capital movements up until the recent upheavals of the mid 1990s.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 finalS™