Djamester Simarmata

Djamester Simarmata's latest academic position in FWB-UI was as Associate Professor. He graduated as an engineer in mechanical engineering. He firstly worked in the Department of Transportation, then Investment Bank, before going to study in Germany, RWTH-Aachen, but he prematurely returned home, worked in the Directorate General of Highways, before finishing his study in France, and got a doctorate in public economics. After returning from France, he lectured at the faculty of Economics, University of Indonesia. Starting from 1992, he joined a government consultancy office tasked with macroeconomics. He lectured on several subjects in different periods, namely Public Finance, Development Economics, and Urban Economics. He published 8 (eight) books on related subjects. One is about how to rebuild Indonesia after the 1997 financial crisis, where he questioned the possibility of development without foreign debt. He published many articles in local daily newspapers, journals, and magazines, some on monetary issues; also, in the proceedings of OECD, Journal of Southeast Asian Economies. His first thought on the monetary issue was based on Maurice Allais’ idea. Then others enriched his views, before joining the AMI group. In 2020, he wrote an article in the Pax Romana Journal on the necessity of global monetary reform among others so that the objectives of Laudato Si could be realized. He criticized the idea of a unique currency system in ASEAN when he was a speaker at ISEAS. He published several criticizing articles on Indonesian high foreign debt and high total debt.

Djamester Simarmata's presentation is titled "Economic Development and Money Creation: An Indonesian Perspective."