International Monetary FundWorld Bank2017-08-102017-08-102010-12https://hdl.handle.net/10986/27741This assessment covers the transparency of monetary policy in the Republic of Indonesia, and in particular, BI's role in the formulation and implementation of this policy. It forms part of the Financial Sector Assessment Program (FSAP) for Indonesia, which was conducted jointly by the IMF and the World Bank during 2009-2010. The assessment was primarily undertaken during the first FSAP mission in October 2009 with subsequent refinements through written communications with the authorities. The assessment was conducted according to the IMF's code of good practices on transparency in monetary and financial policies, as issued in September 1999, and supporting documents as approved in July 2000. The assessment is primarily based on information available as of October 2009, in particular on the relevant laws and regulations then in force. After receiving a draft version of this assessment, Bank Indonesia (BI) took a number of steps to enhance transparency, and the ratings in some practices have been marked up accordingly. The review also incorporates a wide range of other materials published by the Indonesian authorities, including those on their website and draws extensively on a self-assessment and a response to a questionnaire. In addition, the assessment was informed by discussions held during the FSAP mission with the authorities at a senior level and with various departments and divisions of BI, as well as with representatives of the private financial sector.en-USCC BY 3.0 IGOACCOUNT HOLDERACCOUNTINGACCOUNTING STANDARDSAMOUNT OF CAPITALASSET-LIABILITY MANAGEMENTAUCTIONAUCTIONSAUDIT STANDARDBALANCE OF PAYMENTBALANCE OF PAYMENTSBALANCE SHEETBALANCE SHEETSBANK BALANCE SHEETBANK BALANCE SHEETSBANK DEPOSITBANK POLICYBANKING REGULATIONBANKING SECTORSBANKING SYSTEMBASIS POINTSCAPITAL ACCUMULATIONCAPITAL MARKETCAPITAL MARKETSCASH BALANCECASH FLOWCASH MANAGEMENTCENTRAL BANKCENTRAL BANKSCHECKING ACCOUNTSCODE OF CONDUCTCOLLATERALCOMMERCIAL BANKCOMMERCIAL BANKSCONFLICTS OF INTERESTCREDIBILITYCREDIT BUREAUCREDITORSDEBT ISSUANCEDEBT ISSUESDEBT MANAGEMENTDEBT MANAGEMENT POLICYDEBT SECURITIESDEFICITSDEGREE OF TRANSPARENCYDEPOSITDEPOSIT INSURANCEDEPOSITORYDEPOSITSDERIVATIVEDERIVATIVE TRANSACTIONSDISCLOSURE OF INFORMATIONDISCLOSURE REQUIREMENTDOMESTIC BANKSDOMESTIC PRICEDOMESTIC SECURITIESECONOMIC DEVELOPMENTSELIGIBLE COLLATERALEMERGENCY FINANCINGEMERGING MARKETEQUIPMENTEQUITIESEXCESS LIQUIDITYEXCHANGE RATEEXCHANGE RATE POLICYEXCHANGE RATE REGIMEEXCHANGE RATE SYSTEMEXTERNAL DEBTFINANCIAL CRISISFINANCIAL INFORMATIONFINANCIAL INSTITUTIONFINANCIAL INSTITUTIONSFINANCIAL MANAGEMENTFINANCIAL MARKETFINANCIAL STABILITYFINANCIAL STATEMENTFINANCIAL STATEMENTSFINANCIAL SUPPORTFINANCIAL SYSTEMFINANCIAL SYSTEM STABILITYFINANCING FACILITYFISCAL OPERATIONSFISCAL POLICIESFIXED ASSETSFIXED EXCHANGE RATEFLOATING EXCHANGE RATEFLOATING RATEFOREIGN BORROWINGFOREIGN CURRENCIESFOREIGN CURRENCYFOREIGN EXCHANGEFOREIGN EXCHANGE MARKETFOREIGN EXCHANGE RESERVEFOREIGN EXCHANGE RESERVESFOREIGN EXCHANGE TRANSACTIONSFOREIGN FINANCINGGLOBAL BONDSGOVERNMENT BONDSGOVERNMENT INVOLVEMENTGOVERNMENT REGULATIONGOVERNMENT SECURITIESGOVERNMENT SECURITIES AUCTIONHOLDINGHOLDINGSHOME CURRENCYHUMAN RESOURCESHUMAN RESOURCES DEVELOPMENTINCOMEINCOME TAXINFLATIONINFLATION EXPECTATIONSINFLATION TARGETINFLATION TARGETINGINFLATION TARGETSINFLATIONARY EXPECTATIONSINFORMATION SERVICESINSTRUMENTINTEREST RATEINTEREST RATE VOLATILITYINTERNAL AUDITINTERNATIONAL BANKINTERNATIONAL COOPERATIONINTERNATIONAL ECONOMICSINTERNATIONAL FINANCIAL STATISTICSINTERNATIONAL MONETARY FUNDINTERNATIONAL RESERVESISSUANCEJUDICIAL SYSTEMSLEGAL PROTECTIONLEGAL PROTECTIONSLENDING LIMITLIABILITYLIQUIDITYLIQUIDITY MANAGEMENTLOANLOAN AGREEMENTSLOSS STATEMENTLOSS STATEMENTSMARKET ANALYSTSMARKET DEEPENINGMARKET DEVELOPMENTSMARKET INTEREST RATEMARKET PARTICIPANTSMARKET STRUCTUREMARKET TRANSACTIONSMATURITYMINIMUM CAPITAL REQUIREMENTMONETARY AUTHORITIESMONETARY FUNDMONETARY INSTRUMENTMONETARY INSTRUMENTSMONETARY POLICIESMONETARY POLICYMONETARY STABILITYMONETARY TRANSMISSIONMONEY MARKETMONEY MARKET OPERATIONSMONEY MARKETSMONEY SUPPLYOPEN MARKETOPERATIONAL INDEPENDENCEOUTSTANDING AMOUNTPAYMENT SYSTEMPAYMENT SYSTEMSPAYMENTS SYSTEMPENSIONPENSION FUNDPOLICY RESPONSEPOLICY RESPONSESPRICE STABILITYPRIMARY DEALERSPRIMARY MARKETPRIMARY MARKETSPRIVATE FINANCIAL SECTORPRIVATE SECTOR DEVELOPMENTPUBLIC DEBTPUBLIC RELATIONPUBLIC RELATIONSREPAYMENTREPOREPO RATEREPO TRANSACTIONSREPOSRESERVERESERVE REQUIREMENTRESERVE REQUIREMENTSRESERVESRURAL BANKSSALE OF GOVERNMENT SECURITIESSAVINGS ACCOUNTSSECONDARY MARKETSECONDARY MARKETSSECURITIESSECURITIES MARKETSECURITIES MARKET REGULATIONSETTLEMENTSETTLEMENT ARRANGEMENTSSETTLEMENT SYSTEMSSHORT-TERM GOVERNMENT SECURITIESSUPERVISORY AGENCYSUPERVISORY BOARDSWAPTERMS OF CREDITSTIME DEPOSITSTRADABLE SECURITIESTRANSPARENCYTRANSPARENCY CODETREASURYWITHDRAWALYIELD CURVEReportWorld Bank10.1596/27741