The Jakarta Stock Exchange is a former establishment resulting from the creation by the Dutch in 1912 of a Stock Exchange for only colonial societies, which became in 1977 an independent scholarship in the service of the country. It merged in September 2007 with the Surabaya Stock Exchange to form the Indonesia Stock Exchange .
Created in 1912 under the Dutch colonial government as a local version of the Amsterdam Stock Exchange, the Jakarta Stock Exchange was intended to serve Dutch companies locally. It closed during the First and Second World Wars and became a real stock exchange in 1977 1 . The Indonesian state then created a public company, PT Dmarareska, authorized to subscribe half of the issues of shares and a market authority to manage the Stock Exchange, the Bapepam ( Badan Pengawas Pasar Modal , Capital Markets Supervision Agency). ).
On July 13, 1992, the stock exchange was privatized, becoming the property of Jakarta Exchange Inc. The Bapepam was reduced to supervisory functions. On March 22, 1995 was launched an automatic trading system, the Jakarta Automated Trading System (JATS).
Like other Asian bourses, Jakarta has benefited in the early 1990s of a massive influx of foreign capital, which then withdrew, destabilizing the currency and the economy of the country, bringing the end of the fixed exchange rate system 2 .
In September 2007, the Jakarta Stock Exchange and the Surabaya Stock Exchange were merged by the Ministry of Finance under the name Indonesia Stock Exchange .
Notes and references
- ↑ ASEAN A to Z: History, Geopolitics, Concepts, Characters , by Kham Vorapheth, L’Harmattan , Paris, 2012 –  [ archive ]
- ↑ “Globalization in Question”, by Paul Hirst and Grahame Thompson, second edition, Cambridge, Polity Press ( 1999 ), pp.134-162.