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2015•Jurnal Perlindungan Tanaman Indonesia (Universitas Gadjah Mada)Open access

THE POLITICS OF BANKING: GLOBALISATION AND DOMESTIC POLICY CHANGE

Widigdyo Sukarman

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Abstract

The current article aims to elaborate on the history of bank policy modifications as a response towards economic and financial change, mainly due to globalisation. The central status of banks in the economy causes a need for the government to protect it in many forms that differ from one country to another. Bank policy makers that are closed or esoteric and are short-lived must be opened up to be able to receive long term ideas. The process is also marked intensively with competing interests between other actors of the government. Keywords: esoteric, globalisation, segmentation, deregulation, problem of coordination

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The current article aims to elaborate on the history of bank policy modifications as a response towards economic and financial change, mainly due to globalisation. The central status of banks in the economy causes a need for the government to protect it in many forms that differ from one country to another. Bank policy makers that are closed or esoteric and are short-lived must be opened up to be able to receive long term ideas. The process is also marked intensively with competing interests between other actors of the government. Keywords: esoteric, globalisation, segmentation, deregulation, problem of coordination

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Available abstract

The current article aims to elaborate on the history of bank policy modifications as a response towards economic and financial change, mainly due to globalisation. The central status of banks in the economy causes a need for the government to protect it in many forms that differ from one country to another. Bank policy makers that are closed or esoteric and are short-lived must be opened up to be able to receive long term ideas. The process is also marked intensively with competing interests between other actors of the government. Keywords: esoteric, globalisation, segmentation, deregulation, problem of coordination

Key concepts: Deregulation, Globalization, Government (linguistics), Politics, Market economy, Economics, Economic policy, Political economy

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