The Rise of the Indonesian Financial Service Authority / Progress in Mathematics (PDF)

This book focuses on the Indonesian Financial Service Authority (FSA), which is a newly established authority within Indonesian financial services institutions that has emerged as the ultimate decision-maker for portfolio investment liberalization. In doing so, the book elaborates on how the emergence of the Indonesian FSA has resulted in implementation gaps in Indonesia, in the area of portfolio investment liberalization.

To achieve this,the book employs a modified account of the historical institutionalism approach, or 'the agents-in-context' approach, examining how and why the Indonesian FSA has emerged as an independent authority. The insights drawn from applying a modified historical institutionalism approach to the case study of Indonesian portfolio investment liberalization critiques and complements existing works in the regionalism literature in general, and ASEAN financial integration particularly.

Chandra Kusuma is a senior official for the government at the Fiscal Policy Agency of the Ministry of Finance of the Republic of Indonesia (MOF), serving the Ministry since 2004. He is also a Sessional Lecturer at the Indonesian State College of Accountancy (PKN-STAN) teaching courses on Banks and Financial Institutions, as well as Macroeconomics. He holds a Ph.D. in International Political Economy from the University of Queensland, Australia.