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Indonesia's stock market: evolving role, growing efficiency

Kung, James J; Carverhill, Andrew P; McLeod, Ross


The banking sector traditionally dominated Indonesia's financial system, and until the 1990s the stock market remained of little significance. Re-opened in 1977 after two decades of inactivity, the stock exchange made little contribution to Indonesia's development until a series of reform and deregulation measures were implemented from December 1987. This study examines the evolving role of the stock market in the financial system, and analyses changes in its efficiency over time. We find that...[Show more]

CollectionsANU Research Publications
Date published: 2010
Type: Journal article
Source: Bulletin of Indonesian Economic Studies
DOI: 10.1080/00074918.2010.522503


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