Indonesia's OJK: Building Financial Stability

Lakshmi Iyer and David Lane

Chapter 11 in Institutions, Institutional Change and Economic Performance in Emerging Markets, 2016, pp 267-309 from World Scientific Publishing Co. Pte. Ltd.

Abstract: In October 2011, Indonesia's parliament passed a law creating Otoritas Jasa Keuangan (OJK), a new organization designed to bring under one roof the regulation and supervision of Indonesia's banks, capital markets, and non-bank financial institutions (NBFIs). At the start of 2013, OJK would take responsibility for capital markets and NBFI supervision from the Ministry of Finance (MOF) and Bapepam-LK, the capital markets regulator. At the start of 2014, OJK would take responsibility for bank regulation and supervision from the central bank, Bank Indonesia…

Keywords: Emerging Markets; Economic Institutions; Property Rights; Economic Policy; Political Institutions; Political Economy; Economic Growth; Case Studies (search for similar items in EconPapers)
Date: 2016
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