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State Financial System in Indonesia: Some Recent Developments

The Indonesian Journal of International Clinical Legal Education · Vol. 2 No. 2 (2020) · pp. 147–166

DOI
10.15294/iccle.v2i2.36389
ISSN
2721-8368
Published
2020-09-30
Publisher
Universitas Negeri Semarang
Language
eng
License
creativecommons.org/licenses/by-sa/4.0

Abstract

The history of the development of the Indonesian financial system, the system of financial institutions underwent a very fundamental change, especially after entering the era of deregulation, the policy package October 27, 1988 which then continued with the enactment of several laws in the field of finance and banking since 1992, starting from the Banking Act, Act Insurance Act, Pension Fund Act, Capital Market Law, until the Bank Indonesia Law. The consequence of the issuance of this law is the change in the structure of the financial institutions in Indonesia. In addition, from the aspect of regulation and fostering, financial institutions are becoming increasingly clear and strong because they already have legal power, especially in the field of insurance and pension funds, which were previously legally regulated only on financial ministerial decisions. This paper analyzes the latest developments in the country's financial system in Indonesia. This paper aims to provide an overview, study, and compare about the developing financial system in Indonesia with several cases of existing financial systems both domestically and abroad. This paper also uses a comparative model of laws, where these laws relate directly or indirectly to the country's financial system.

Collaboration network of the authors

21 authors · 43 co-authorship links

Hover or tap a name to highlight its co-authors. Double-click to open the author's page.

  • Universitas Respati Yogyakarta
  • Affiliation unknown
  • Different organisations
  • Same organisation
  • Affiliation unknown
  • Thicker line = more joint articles · bigger circle = more articles
Show as table
Co-authorOrganisationJoint articles
Sri LestariUniversitas Respati Yogyakarta4
Aprila NiravitaAffiliation unknown4
Fiany Alifia LasnitaAffiliation unknown3
Susilo SusiloAffiliation unknown2
Anita Carolina RajagukgukAffiliation unknown2
Dwi LestariAffiliation unknown2
Rofi WahanisaAffiliation unknown2
Malik Akbar Mulki RahmanAffiliation unknown2
Seno Adhi WibowoAffiliation unknown2
Natasya ArsyiprameswariAffiliation unknown2
Vania Shafira YuniarAffiliation unknown2
Bimo Satria Fajrin NugrohoAffiliation unknown1
Jihan Syahida SulistyantiAffiliation unknown1
Ahmad Faris ZamakhsyariAffiliation unknown1
Rasyanahla Ghaffar BaharudinsyahAffiliation unknown1
Suci NabillaAffiliation unknown1

Affiliations come from OpenAlex; journal OAI-PMH metadata carries none. Authors without an OpenAlex ID are matched by name, which can merge or split people.

Metadata source: OAI-PMH (metadata jurnal) https://journal.unnes.ac.id/journals/iccle/oai, first harvested 5 Nov 2026, last seen 8 Nov 2026.
Original metadata (oai_dc) 
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	<dc:title xml:lang="en">State Financial System in Indonesia: Some Recent Developments</dc:title>
	<dc:creator xml:lang="en">Muhamad Adji Rahardian Utama</dc:creator>
	<dc:creator xml:lang="en">Muhammad Reza Maulana</dc:creator>
	<dc:creator xml:lang="en">Fadhilah Rizky Aftriani Putri</dc:creator>
	<dc:creator xml:lang="en">Fauziah Ramadhani</dc:creator>
	<dc:creator xml:lang="en">Setyarini Nur Octaviana</dc:creator>
	<dc:description xml:lang="en">The history of the development of the Indonesian financial system, the system of financial institutions underwent a very fundamental change, especially after entering the era of deregulation, the policy package October 27, 1988 which then continued with the enactment of several laws in the field of finance and banking since 1992, starting from the Banking Act, Act Insurance Act, Pension Fund Act, Capital Market Law, until the Bank Indonesia Law. The consequence of the issuance of this law is the change in the structure of the financial institutions in Indonesia. In addition, from the aspect of regulation and fostering, financial institutions are becoming increasingly clear and strong because they already have legal power, especially in the field of insurance and pension funds, which were previously legally regulated only on financial ministerial decisions.&amp;nbsp;This paper analyzes the latest developments in the country's financial system in Indonesia. This paper aims to provide an overview, study, and compare about the developing financial system in Indonesia with several cases of existing financial systems both domestically and abroad. This paper also uses a comparative model of laws, where these laws relate directly or indirectly to the country's financial system.</dc:description>
	<dc:publisher xml:lang="en">Universitas Negeri Semarang</dc:publisher>
	<dc:date>2020-09-30</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
	<dc:type>info:eu-repo/semantics/publishedVersion</dc:type>
	<dc:format>application/pdf</dc:format>
	<dc:identifier>https://journal.unnes.ac.id/journals/iccle/article/view/36389</dc:identifier>
	<dc:identifier>10.15294/iccle.v2i2.36389</dc:identifier>
	<dc:source xml:lang="en">The Indonesian Journal of International Clinical Legal Education; Vol. 2 No. 2 (2020): June; 147-166</dc:source>
	<dc:source>2721-8368</dc:source>
	<dc:source>10.15294/iccle.v2i2</dc:source>
	<dc:language>eng</dc:language>
	<dc:relation>https://journal.unnes.ac.id/journals/iccle/article/view/36389/6901</dc:relation>
	<dc:rights xml:lang="en">https://creativecommons.org/licenses/by-sa/4.0</dc:rights>
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