Krisis Keuangan global 2008/09 memberikan pelajaran mendasar bahwa untuk menjaga stabilitas makroekonomi dan keuangan, bank sentral tidak bisa hanya dengan mengandalkan kebijakan moneter konvensional
Perkembangan ekonomi syariah dan perbankan syariah di Indonesia yang semakin baik sangat memerlukan aturan positif dari institusi yang berwenang tentang standar pelaporan keuangannya.
Perkembangan perbankan syariah di Indonesia secara garis besar dapat dibedakan menjadi tiga tahap, yakni tahap pengenalan (introduction phase), tahap pengakuan (recognition phase), dan tahap pemurnian (purification phase)
This paper’s main thesis is that frugal innovation and transformational leadership offer additional sources of growth. Our main contribution is the proposal of what we refer to as the breakthrough possibility frontier (BPF) model, which integrates two aspects of leadership: innovation quality (frugal innovation) and leadership competency (transformational leadership). We test the BPF model on…
This paper is about the cost and profit efficiency of Indonesia’s life insurance industry. Using data from 2010–2014, we compare cost and profit efficiency among local and joint venture insurers. Our empirical analysis, based on a time-invariant translog cost model, reveals mean cost allocation and profit efficiency scores of 0.36 and 0.52, respectively. Interestingly, we find that domestic…
Numerous studies have constructed financial inclusion indexes for Indonesia, using a multidimensional approach. However, there is a problem with the methodology, which assumes that all the dimensions play the same role in defining financial inclusion, since they are based on equal weighting criteria. This paper aims to obviate concerns with the methodology by developing a more empirically based…