Banking Deregulation in Indonesia: an Updated Perspective in Light of the Asian Financial Crisis
نویسنده
چکیده
* Vice President, Chase Securities Japan Ltd. This Article does not represent the views or opinions of Chase Securities. This Article contains statements which are based on author's personal experience and knowledge gained from dealings with Indonesian attorneys, bankers, and entities. ' Michael S. Bennett, Banking Deregulation in Indonesia, 16 U. PA. J. INT'L BUS. L. 443 (1995). 2 In October 1988, Bank Indonesia enacted a package of banking reforms known as PAKTO '88. Among other things, PAKTO '88 relaxed the restrictions on the establishment of private and foreign-owned banks, as well as those restrictions on existing banks opening new branches. For a general description
منابع مشابه
An Overview on the Literature and History of Systemic Banking Crisis in Iran and Around the World
Often, systemic banking crises initiate from one or more banks and affect countries by rapid spreading in the banking network, financial markets and economy of countries. According to Reinhart & Rogoff (2009) in the book titled "This time is Different," financial crises are pointed as an equal opportunity menace for high-income countries and emerging markets. Although The International Mo...
متن کاملFinancing Microenterprises: Creating a Potential Value-Based Hybrid Model for Islamic Microfinance
The main purpose of this paper is to examine the relevance of Islamic microfinance in the light of ongoing erosion of confidence in the viability of current financial system, full of speculatory finance in the prevailing global financial market. For example, the sub-prime crisis of 2007-2008 in the US with its effects all over the world was mainly due to the inadequate market discipline which i...
متن کاملInvestigating the Impact of the Financial Crisis on Conservative Accounting and Transparency of Banking Information
The phenomenon of the financial crisis is not a new phenomenon around the world. The structure of an economy or a set of economies may face a financial crisis. In fact, it is deformation, dimensions, causes and roots of the financial crisis which create a state of change from this crisis. Recently, evidence has shown that the market value of firms subject to bankruptcy is significantly reduced....
متن کاملThe Effect of Government Size and Trade Openness on Banking Crisis in Iran: Based on the Method of Jing et al. (2013)
Since the Industrial Revolution, capitalism has undergone numerous financial, economic and banking crises. Financial, economic, and banking crises are fundamentally apprehensive and there is a need to review, analyze and develop appropriate policies for prevention and management of crises. In this research, in addition to measuring the financial crisis index based on the method proposed by Jing...
متن کاملFinancial Crisis and Steel Trade Integration in Asia and Pacific: A Static and Dynamic Analysis
The objective of this paper is to explore the effect of financial crisis on trade flows of steel industries in the major Asian-Pacific steel producing countries. Using a static and dynamic panel data analysis, we test the hypothesis that the global financial crisis has a negative effect on Asia-Pacific bilateral steel trade flows. We also examine the role of regional trade integration in bilate...
متن کامل