The Position Of The Bank Indonesia As The Lender Of Last Resort After The Enactment Of Law No. 9 Of 2016 On Prevention And Mitigation Of Financial System Crisis

Theresia Anita Christiani ()
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Theresia Anita Christiani: Universitas Atma Jaya Yogyakarta, Jalan Babarsari 44, 55281, Yogyakarta, Indonesia.

GATR Journals from Global Academy of Training and Research (GATR) Enterprise

Abstract: Objective � This paper explores the role of the Indonesian Central Bank as the Lender of the Last Resort. Methodology/Technique � This research uses normative juridical research and secondary data. Findings � The results indicate that the Bank of Indonesian, in coordination with the Financial Services Authority, still has the authority to grant short-term loans for banks with liquidity issues. Nevertheless, the Bank of Indonesia does not have authority to provide emergency finance facilities where the funding is granted at the government's expense. Novelty � This paper uses normative juridical research and qualitative data analysis.

Keywords: Authority; Bank; Crises; Position; Prevention; Indonesia. (search for similar items in EconPapers)
JEL-codes: K10 K20 (search for similar items in EconPapers)
Pages: 4
Date: 2017-12-11
New Economics Papers: this item is included in nep-ban and nep-sea
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Published in Global Journal of Business and Social Science Review, Volume 5, Issue 4.

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