Shocks caused by turbulences on local markets may propagate much more quickly and widely than it had been previously expected. Hence, an explicitly systemic view on financial markets is needed as an additional element in our policy-making building, namely macroprudential policy. In the following, I would like to elaborate on the question as to how this new column should be designed.
17/3/PBI/2015 dated 31 March 2015 and BI Circular No. 17/11/DKSP/2015 dated 1 June 2015) is of significant importance for today’s attendees and the community. The reason is the use of Rupiah closely relates to economic activities in general, primarily payment transactions in Indonesia. Ladies and gentlemen, 3.