Recent policies for financial market integration in Indonesia

Friedrich L. Sell

No 300, Kiel Working Papers from Kiel Institute for the World Economy

Abstract: In most developing countries financial markets are still highly fragmented and dualistic (Nunnenkamp 1985, p. 20). This is considered as a hindering factor to economic development. The rationale behind this is the view shared by most economists that a higher level of financial integration c.p. lowers intermediation costs, encourages competition and improves the allocation of loanable funds throughout the economy.

Date: 1987
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