CENTRAL BANK TRANSPARENCY IN INDONESIA: A LAW AND ECONOMIC PERSPECTIVE | Zendy

Safari Kasiyanto | Zendy

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CENTRAL BANK TRANSPARENCY IN INDONESIA: A LAW AND ECONOMIC PERSPECTIVE

Author(s) -

Safari Kasiyanto

Publication year - 2017

Publication title -

indonesia law review

Language(s) - English

Resource type - Journals

eISSN - 2356-2129

pISSN - 2088-8430

DOI - 10.15742/ilrev.v7n2.320

Subject(s) - transparency (behavior) , central bank , normative , accounting , monetary policy , financial system , chinese financial system , forward guidance , benchmark (surveying) , monetary reform , business , bank rate , economics , inflation targeting , monetary economics , political science , law , geography , china , credit channel , geodesy

This paper studies the manner in which central bank transparency has been implemented in Indonesia, and the impact of transparency on the central bank’s performance in achieving its goals. First, a normative analysis is conducted to seek the regulatory framework for central bank transparency. Secondly, a performance analysis is carried out to observe the extent to which central bank transparency has been implemented in Indonesia, and the impact it brings on the central bank’s performance in conducting monetary policy. Finally, an international practice analysis is performed to set a benchmark based on the manner in which transparency has been implemented by other central banks.

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