1. Research training in the European universities for 8 junior Indonesian faculty members (lecturers holding a master degree and who will take a PhD) during the first two years of the project. They will first attend a specific Research Training Program in Banking and Finance to be administered at the University of Limoges during 2 weeks. After that, each junior researcher will spend 6 weeks in a partner European university. During their stay, they will work on a research project and will be co-supervised by a European researcher and a senior Indonesian faculty member.
    This training program consists of two modules (M1: Writing a Research Paper and M2: Handling Datasets and Softwares) which offer guidelines on:

    • How to prepare a paper for journal submission and to provide clear and useful information of what key elements to include in a paper. Starting from how to select a topic to developing the various sections of the paper, and what editors and reviewers consider when assessing the quality, importance, relevancy, contribution and added value of manuscripts submitted for consideration in quality journals.
    • How to conduct empirical investigations in order to craft a research paper in the field of Banking and Finance. The module provides methodology and tools on how to extract data from commercial databases, to manage these data using specific softwares, and to run econometric regressions. It consists in two applied research projects.
  2. Research visits of senior Indonesian faculty members. Each year, 6 Indonesian senior faculty members will spend one month in Europe. The aim is to improve the research exposure of senior faculty members at the international level by developing research collaboration (some of them involving junior faculty members), research mentoring and participation in paper presentations in research seminars in European institutions. These visits will also be the occasion for European and Indonesian researchers to exchange on the management of PhD programmes and research activities.
  3. Summer school for PhD students of Indonesian partners for two weeks in Europe. Each year, 6 PhD students will attend the summer schools organised in Europe (Limoges, Rome, Crete). The content of the summer schools’ courses will depend on the specific research skills of each team organizing the event. Among others:
    Financial Intermediation and Banking Regulation, Financial development and economic growth, Empirical methods in banking and finance research, Advanced quantitative methods and programming…
  4. Organization of a workshop to design new modules for PhD programs in partner Indonesian universities. This event will take place in Indonesia in the mid of the second year. 18 faculty members from partner Indonesian universities with a main interest in banking and finance will be selected to participate. The European researchers will share their best practices and some materials. The participants will also interact with regulatory bodies, bankers, and policy makers. The 9 expected modules to be prepared are:
    • Banking institutions management and bank risk management (University of Rome III)
    • Banking regulation and financial stability (University of Rome III)
    • Structure and efficiency of banking markets, competition (Bangor University)
    • Islamic banking (University of Limoges)
    • Financial literacy, financial inclusion and financial deepening (Bangor University)
    • Quantitative finance (Technical University of Crete)
    • Operational research and artificial intelligent based techniques in banking and finance (Technical University of Crete)
    • Corporate governance of financial institutions (University of Limoges)
    • Specificities of Indonesian banking and financial market structure and regulation (Indonesian Central Bank and Indonesian Deposit Insurance Corporation (IDIC)

    modules will be prepared and presented by European researchers, the last one will be provided by senior executives of the Central bank and of the IDIC. The new modules will be first integrated in 2 Pilot universities (UNS and ITB).

  5. Introduction of new courses in banking in existing Master and undergraduate programs in 2 pilot universities (UNS and ITB).
  6. Exchange of best practices between European and Indonesian administrative staff in charge of the management of research activities and PhD programs will be organised in the 4 European universities:
    • Creation and development of an international research network (University of Rome III).
    • Funds raising and development of links between universities and banking industry (University of Bangor)
    • Structure and organisation of PhD program and doctoral school (UNILIM)
    • Feedbacks on the structuration of research activities of a newly created department and expertise on the organisation of international conference (Technical University of Crete)
  7. Final conference which aims to present project’s outputs to a wide audience (researchers and administrative staff from Indonesian – partner and non-partner- universities, regulators and practitioners, representatives of the MRTHE, experts and guest keynote speakers) with different sessions aiming to:
    • present and discuss the future challenges in financial regulation, the development of Islamic finance, financial inclusion…
    • provide the opportunity to young Indonesian researchers to present their on-going research and to benefit from the feedbacks of the conference participants
    • present concrete examples of good practices on the management of PhD programme and research activities and discuss how these practices can be adopted in Indonesian universities
  8. Research dissemination to higher education, banking industry and regulators. Dissemination of the acquired knowledge and the new skills in banking to other Indonesian faculty members. The dissemination will take the form of training for trainers. Project’s results, which are expected to bring noteworthy policy implications to the banking industry and financial regulators, will be also disseminated through seminars on banking regulation, Islamic finance development or financial inclusion, which will be attended by bankers and regulators.
  9. Thematic community service program to the society. The Indonesian partner universities will assign students to conduct a 1-month community service program aiming to improve financial literacy and financial inclusion to help households and micro-entrepreneurs in the different provincial areas of the archipelago to have better access to finance.
  10. Quality assessment activities. Experts will be hired to evaluate the quality of the content of the modules, to contribute to the enhancement of PhD programs and research activities management by sharing their knowledge as previous Head of School or Head of PhD program.
  11. Management activities: project meetings, financial and administrative follow-up of the project, reporting