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Indonesia and the CMIM

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Indonesia and ASEAN Plus Three Financial Cooperation

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Abstract

The establishment of Chiang Mai Initiative Multilateralisation (CMIM) has stimulated a new mode of regional governance, with three major indicators—the involvement of non-state actors, policy coordination and standardisation. Beyond this phenomenon, the establishment of CMIM has been perceived positively by Indonesian authorities, as an additional means to deal with any future financial crisis. To demonstrate their support for the regional initiative, the Indonesian financial authorities created a space in the national framework, by bringing the CMIM agreement into Indonesia’s jurisdiction. The intention to support CMIM has also been progressed through the adoption of several CMIM standards and mechanisms into Indonesia’s regulatory framework.

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Authors and Affiliations

  1. Fiscal Policy Agency Indonesian Ministry of Finance, Jakarta, Indonesia

    Eko Saputro

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  1. Eko Saputro
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Saputro, E. (2017). Indonesia and the CMIM. In: Indonesia and ASEAN Plus Three Financial Cooperation. Palgrave, Singapore. https://doi.org/10.1007/978-981-10-3029-1_6

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