Author
Listed:
- R. Dwi Tjahja K. Wardhono
(Bank Indonesia, Indonesia)
- Retno Muhardini
(Bank Indonesia, Indonesia)
- Nadhia Shalehanti
(Bank Indonesia, Indonesia)
- Dian Puji Nugraha Simatupang
(University of Indonesia, Indonesia)
Abstract
Management crises, hazards, and disasters should be carried out with an integrated and patterned approach through the formulation of clear regulations and efficient coordination of disaster management institutions. Both will provide effective management in responding to crises, averting hazards, and managing disasters that have the potential to occur across various countries. In developed countries where regulations are well structured, using mitigation protocols, all parties have understood their duties, functions, and responsibilities in dealing with these risks. However, in countries where unstructured regulation is unstructured, there are complexities and multiple interpretations of regulations and there are intersections of institutional authority, which creates vulnerabilities in dealing with risk. This study concludes the importance of an integrated risk mitigation system, both in terms of rules and regulatory formulation as well as coordination of institutions in one container. In addition to these factors, economic, sociological, and demographic characteristics in a country are also structural conditions that determine the optimal implementation of regulations and institutional coordination.
Suggested Citation
R. Dwi Tjahja K. Wardhono & Retno Muhardini & Nadhia Shalehanti & Dian Puji Nugraha Simatupang, 2023.
"Crisis, Hazard, And Disaster Management: A Study Of Regulatory Formulation And Institutional Coordination,"
Journal of Central Banking Law and Institutions, Bank Indonesia, vol. 2(3), pages 513-542, September.
Handle:
RePEc:idn:jclijn:v:2:y:2023:i:3f:p:513-542
DOI: https://doi.org/10.21098/jcli.v2i3.193
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