Cost Benefit Analysis the Participation of Indonesia in Asia Region Funds Passport
APEC Finance Ministers' Forum initiated the Asia Region Funds Passport (ARFP), a framework of multilateral cooperation to facilitate cross-border fund market. ARFP is the concept of cross-border distribution and operation of collective investment schemes. Indonesia is expected to join in this...
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| Format: | Article |
| Language: | English |
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EconJournals
2017-06-01
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| Series: | International Journal of Economics and Financial Issues |
| Online Access: | http://mail.econjournals.com/index.php/ijefi/article/view/4803 |
| _version_ | 1797919483302510592 |
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| author | Makmun Syadullah Benny Gunawan Ardiansyah |
| author_facet | Makmun Syadullah Benny Gunawan Ardiansyah |
| author_sort | Makmun Syadullah |
| collection | DOAJ |
| description |
APEC Finance Ministers' Forum initiated the Asia Region Funds Passport (ARFP), a framework of multilateral cooperation to facilitate cross-border fund market. ARFP is the concept of cross-border distribution and operation of collective investment schemes. Indonesia is expected to join in this framework. This study attempted to elaborate the cost and benefit of joining this framework from Indonesia's perspective. We conclude that Indonesia could get some benefit to elevate it's economic, however, there are a few potential disadvantages. On the other hand, there are also some constraints, particularly the domestic rules including capital market act and tax regulation. Indonesia needs to adjust that regulation and it requires enormous efforts and quite long period. We recommended two options: First, join earlier and Indonesia would have a chance to propose some inputs in the ARFP regulation draft and keep its interest on the track. The second option, Indonesia doesn't need to join the ARFP. But, the government have to adjust its basic regulation. Indonesia must develop its mutual fund's industry, so it could compete in the global market. The most important thing is adjusting some articles in the capital markets act, so it could open branches in other countries.
Keywords: ARFP, Fund Passpord, Mutual Fund, APEC, Cost Benefit
JEL Classifications: F38, G23
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| first_indexed | 2024-04-10T13:46:50Z |
| format | Article |
| id | doaj.art-01f3d8c4ba8c4bd38c1573507acb44ee |
| institution | Directory Open Access Journal |
| issn | 2146-4138 |
| language | English |
| last_indexed | 2024-04-10T13:46:50Z |
| publishDate | 2017-06-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Economics and Financial Issues |
| spelling | doaj.art-01f3d8c4ba8c4bd38c1573507acb44ee2023-02-15T16:10:56ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382017-06-0173Cost Benefit Analysis the Participation of Indonesia in Asia Region Funds PassportMakmun Syadullah0Benny Gunawan ArdiansyahFiscal Policy Office, Ministry of Finance - Republic of Indonesia APEC Finance Ministers' Forum initiated the Asia Region Funds Passport (ARFP), a framework of multilateral cooperation to facilitate cross-border fund market. ARFP is the concept of cross-border distribution and operation of collective investment schemes. Indonesia is expected to join in this framework. This study attempted to elaborate the cost and benefit of joining this framework from Indonesia's perspective. We conclude that Indonesia could get some benefit to elevate it's economic, however, there are a few potential disadvantages. On the other hand, there are also some constraints, particularly the domestic rules including capital market act and tax regulation. Indonesia needs to adjust that regulation and it requires enormous efforts and quite long period. We recommended two options: First, join earlier and Indonesia would have a chance to propose some inputs in the ARFP regulation draft and keep its interest on the track. The second option, Indonesia doesn't need to join the ARFP. But, the government have to adjust its basic regulation. Indonesia must develop its mutual fund's industry, so it could compete in the global market. The most important thing is adjusting some articles in the capital markets act, so it could open branches in other countries. Keywords: ARFP, Fund Passpord, Mutual Fund, APEC, Cost Benefit JEL Classifications: F38, G23 http://mail.econjournals.com/index.php/ijefi/article/view/4803 |
| spellingShingle | Makmun Syadullah Benny Gunawan Ardiansyah Cost Benefit Analysis the Participation of Indonesia in Asia Region Funds Passport International Journal of Economics and Financial Issues |
| title | Cost Benefit Analysis the Participation of Indonesia in Asia Region Funds Passport |
| title_full | Cost Benefit Analysis the Participation of Indonesia in Asia Region Funds Passport |
| title_fullStr | Cost Benefit Analysis the Participation of Indonesia in Asia Region Funds Passport |
| title_full_unstemmed | Cost Benefit Analysis the Participation of Indonesia in Asia Region Funds Passport |
| title_short | Cost Benefit Analysis the Participation of Indonesia in Asia Region Funds Passport |
| title_sort | cost benefit analysis the participation of indonesia in asia region funds passport |
| url | http://mail.econjournals.com/index.php/ijefi/article/view/4803 |
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