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Financial Deepening to Support Monetary Stability and Sustainable Economic Growth


  • Bank Indonesia


This Occasional Paper, prepared by Bank Indonesia, served as a background paper to facilitate discussions on ¡°Financial Deepening to Support Monetary Stability and Sustainable Growth¡± among the SEACEN Governors at the 43nd SEACEN Governors' Conference held on 21 March 2008 in Jakarta, Indonesia. The Paper delve into stages of financial deepening in SEACEN economies for the banking sector and also the capital and money market. The Appendix was prepared by The SEACEN Centre to provide cross country information on financial deepening, monetary stability and economic growth in the SEACEN Region.

Suggested Citation

  • Bank Indonesia, 2007. "Financial Deepening to Support Monetary Stability and Sustainable Economic Growth," Occasional Papers, South East Asian Central Banks (SEACEN) Research and Training Centre, number occ47, April.
  • Handle: RePEc:sea:opaper:occ47

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    References listed on IDEAS

    1. Gloria O. Pasadilla, 2001. "Soundness of Financial Instituitions and Economic Growth," Staff Papers, South East Asian Central Banks (SEACEN) Research and Training Centre, number sp64, April.
    2. Pablo F Druck & Alexander Plekhanov & Mario Dehesa, 2007. "Relative Price Stability, Creditor Rights, and Financial Deepening," IMF Working Papers 07/139, International Monetary Fund.
    3. Claudio Borio, 2007. "Change and Constancy in the Financial System: Implications for Financial Distress and Policy," RBA Annual Conference Volume,in: Christopher Kent & Jeremy Lawson (ed.), The Structure and Resilience of the Financial System Reserve Bank of Australia.
    4. Jung-Gun Oh, 1992. "Interest Investment and Saving: A Causality Analysis," Staff Papers, South East Asian Central Banks (SEACEN) Research and Training Centre, number sp47, April.
    5. Robert G. King & Ross Levine, 1993. "Finance and Growth: Schumpeter Might Be Right," The Quarterly Journal of Economics, Oxford University Press, vol. 108(3), pages 717-737.
    6. Ross Levine, 1997. "Financial Development and Economic Growth: Views and Agenda," Journal of Economic Literature, American Economic Association, vol. 35(2), pages 688-726, June.
    7. Corrinne Ho & Robert N. McCauley, 2003. "Living with flexible exchange rates: issues and recent experience in inflation targeting emerging market economies," BIS Working Papers 130, Bank for International Settlements.
    8. M S Mohanty & Philip Turner, 2008. "Monetary policy transmission in emerging market economies: what is new?," BIS Papers chapters,in: Bank for International Settlements (ed.), Transmission mechanisms for monetary policy in emerging market economies, volume 35, pages 1-59 Bank for International Settlements.
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