ASEAN Banking Efficiency Review Facing Financial Services Liberalization : The Indonesian Perspective
Penulis: Makmun Syadullah (Tahun 2018)
One of the challenges facing banks in the ASEAN region is the plan to establish the ASEAN Banking Integration Framework (ABIF). The main objective of ABIF is to prepare market access and operational flexibility in ASEAN countries to create Qualified ASEAN Banks (QAB), ie ASEAN banks that meet certain requirements agreed by ASEAN. This paper analyzes the level of bank efficiency in ASEAN member countries, taking samples of banks in Indonesia, Malaysia, Singapore, Thailand, Philippines, and Vietnam, using Data Envelopment Analysis (DEA) method, analysis of financial ratios and comparison of research results with different approaches. The results of the analysis show that although the approach of financial ratios and DEA of Indonesian banks appear efficient, but when analyzed from NIM, the Indonesian banking system is inefficient.
Telah diterbitkan pada jurnal Asian Development Policy Review Vol 6, No. 2, 88 - 99
Addressubg Indonesia's Green Investment Gap
Penulis: Adelia Pratiwi (Tahun 2018)
Indonesia has begun to tap into the green bond market, both at home and overseas, to finance environmentally friendly projects.
In February, Indonesia issued sovereign green bonds worth US$1.15 billion in the international bond market, the first sovereign bonds issued by an Asian country. Just recently, state-owned infrastructure financing company PT Sarana Multi Infrastruktur (SMI) announced it would offer green bonds of about Rp 1 trillion in the local bond market by the end of the first half to boost its financing capacity. If realized, SMI will become the first company to issue domestic green bonds.
Green bond issuance could become an important financing alternative to finance future infrastructure projects.
Financial development can affect growth via three channels (Pagano, 1993 in Giannetti, et.all, 2002): (i) it can raise the fraction of savings funneled to investment, reducing the costs of financial intermediation; (ii) it may improve the allocation of resources across investment projects, thus increasing the social marginal productivity of capital; and (iii) it can influence households’ saving rate.