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Recent policies for financial market integration in Indonesia

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  • Sell, Friedrich L.

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.

Suggested Citation

  • Sell, Friedrich L., 1987. "Recent policies for financial market integration in Indonesia," Kiel Working Papers 300, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwkwp:300
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    References listed on IDEAS

    as
    1. Tomas J. T. Balino & V. Sundararajan, 1984. "Financial reform in Indonesia: causes, consequences, and prospects," Proceedings, Federal Reserve Bank of San Francisco, issue Dec, pages 191-220.
    2. Bhaduri, Amit, 1977. "On the Formation of Usurious Interest Rates in Backward Agriculture," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 1(4), pages 341-352, December.
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