{
  "title": "Indonesia: Selected Issues",
  "publication": "IMF Staff Country Reports, February 10, 2017",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2017/02/11/indonesia-selected-issues-44654",
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  "summary": "This Selected Issues paper analyzes the capital inflows to Indonesia since the global financial crisis. Capital inflows to Indonesia have increased since the crisis. Their average volume increased from 3.25 percent of GDP in 2005–09 to 4.",
  "publishDate": "2017-02-10",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Capital inflows: key findings",
      "content": "- Capital inflows to Indonesia have increased since the global financial crisis.\n- Average volume of capital inflows:\n  - 3.25 percent of GDP in 2005–09\n  - 4.50 percent of GDP in the first quarter of 2010 to the third quarter of 2016\n- From the global perspective, liquidity released from the systemic economies’ unconventional monetary policies spurred a global search for yields that led to large capital inflows to emerging and developing economies (EMDEs), especially portfolio inflows.\n- While many EMDEs experienced a steady decline in capital inflows during 2013–16, Indonesia’s capital inflows:\n  - increased and reached a peak in late 2014\n  - then started to decline but remained at relatively high levels from the first quarter of 2015 to the third quarter of 2016"
    },
    {
      "heading": "Analytical emphasis",
      "content": "- The paper analyzes capital inflows to Indonesia since the global financial crisis, situating Indonesia’s experience within the broader EMDE trend driven by unconventional monetary policies in systemic economies.\n- Emphasis is placed on portfolio inflows as a key channel of the global search for yields affecting EMDEs, including Indonesia."
    },
    {
      "heading": "Subject areas covered (as listed)",
      "content": "- Balance of payments\n- Capital inflows\n- Double taxation\n- Expenditure\n- National accounts\n- Private investment\n- Revenue administration\n- Social assistance spending\n- Taxes\n\nInternational Monetary Fund. \"Indonesia: Selected Issues\" (February 10, 2017).\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2017/02/11/indonesia-selected-issues-44654"
    }
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    "[Markdown version](/en/publications/cr/issues/2017/02/11/indonesia-selected-issues-44654/index.md)",
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    "[Bundle manifest](/en/publications/cr/issues/2017/02/11/indonesia-selected-issues-44654/bundle-manifest.json)",
    "Published: February 10, 2017",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475577624.002",
    "Capital inflows to Indonesia have increased since the global financial crisis.",
    "Average volume of capital inflows:",
    "From the global perspective, liquidity released from the systemic economies’ unconventional monetary policies spurred a global search for yields that led to large capital inflows to emerging and developing economies (EMDEs), especially portfolio inflows.",
    "While many EMDEs experienced a steady decline in capital inflows during 2013–16, Indonesia’s capital inflows:",
    "The paper analyzes capital inflows to Indonesia since the global financial crisis, situating Indonesia’s experience within the broader EMDE trend driven by unconventional monetary policies in systemic economies.",
    "Emphasis is placed on portfolio inflows as a key channel of the global search for yields affecting EMDEs, including Indonesia.",
    "Balance of payments",
    "Capital inflows",
    "Double taxation",
    "Expenditure",
    "National accounts",
    "Private investment",
    "Revenue administration",
    "Social assistance spending",
    "Taxes",
    "**Country Report**"
  ],
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      "sourceUrl": "https://www.imf.org/-/media/files/publications/cr/2017/cr1748.pdf",
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