This requires a coordinated and collaborative effort involving Bank Indonesia, government institutions and banking institutions – as the primary component of the financial sector – as well as non-bank financial institutions. 3. From the banking policy side: Bank Indonesia sees the need to promote indirect banking intermediation through diverse efforts to foster universal banking without jeopardizing the ongoing banking sector consolidation.
Kevin Davis’ paper, “Funding Australia’s Future: From Where Do We Begin?” provides an insightful overview on a number of topics. Let me give a brief disclaimer here. Kevin was my first macroeconomics lecturer at university back in the day, so I am very much in his debt for all he taught me about macro and monetary economics.