1. Aims and Scope
Journal of Central Banking Law and Institutions (JCLI) is an international peer-reviewed journal. JCLI publishes triannually. JCLI focuses on a range of topics examining the intersection of central banking law and institutions on the monetary, financial system, and payment systems that include regulations, governance (including transparency & accountability), credibility, institutional politics, institutional arrangements, and institutional communication.
The JCLI’s scope is global, and the journal endeavours to publish high-quality research that contributes to the literature and/or impacts macro-economic policy aimed at enhancing social & economic welfare. Research papers are welcome from central and non-central bank practitioners, academics, and policymakers, regardless of their institutional affiliation and geographic location.
2. Peer Review Process
The JCLI employs a double-blind manuscript review process. With a double‐blind review approach, the identity of both the author(s) and reviewer are unknown to both parties.
The JCLI conducts its editorial work using the Online Journal System (OJS). The OJS is a system that systematically handles JCLI’s double-blind review process. Once a manuscript is submitted through the OJS, it is automatically logged in and checked (by the journal manager) to ensure that the submission is complete and has been prepared according to the JCLI submission instructions. At this time a receipt of manuscript acknowledgement is sent to the corresponding author confirming that his/her manuscript has been received and is being considered for possible publication in JCLI.
All manuscripts submitted for publication in the JCLI are first evaluated by the Managing Editor
, either individually or in consultation with the Editorial Board member(s), to assess its suitability for the journal in line with the journal’s aims and scope. This is an important step to ensure that the content falls within the scope of the journal in terms of quality and/or impact on policy. Manuscripts that do not meet the journal’s expected standards are rejected with an explanation of reasons behind a desk-reject decision. Those manuscript’s meeting the journal’s expected standards are then checked for ‘similarity’ (similarity index (SI)) using the iThenticate software. The JCLI allows a SI of 20%. Those papers having a SI > 20% are returned to the authors for further re-writing to bring the index to 20% or less. These papers when resubmitted are then assigned to at least two reviewers. The reviewers are experienced researchers who have published at least 20 papers in high impact factor SCOPUS journals, and are part of the JCLI reviewer database. Reviewers are given 21 days to provide a detailed report on the manuscript with their recommended decision, which can either be ’accept‘, ’minor revision‘, ’major revision‘, or ’reject‘. Where reviewer reports are in conflict the Managing Editor reads the report(s) and the paper and conveys the final decision to the corresponding author.
When a ‘revise’ decision is made, for ‘minor revisions’ (‘major revisions’) authors are provided between 2-3 months (3-6 months) to undertake revisions. When revised papers are submitted, in the case of minor revisions, the Managing Editor reads the paper and the rejoinder and makes a final decision. In the case of a major revision, resubmitted papers are again assigned to reviewers and the editorial decision proceeds from there.
In all cases, regardless of the reviewer recommendation, the final decision on whether or not to publish a paper rest solely with the Managing Editor who in making the editorial decision keeps in mind the scope/aims of the journal.
3. Publication Frequency
The JCLI publishes 3 (three) issues in a calendar year (January, May, September). From time-to-time, the JCLI will also publish special issues on themed topics of policy/academic interests. When such special issues are published, they will be considered independent from the three regular issues.
4. Open Access Policy
This journal provides immediate open access (free to publish and free to read) at no cost to authors or readers. All costs in the production of the journal are met by Bank Indonesia. The objective of the JCLI is to contribute to a greater global exchange of knowledge.
5. Publication Ethics and Publication Malpractice Statement
Journal of Central Banking Law and Institutions (JCLI) adopts the COPE guidelines on publication ethics.
JCLI is committed to upholding the highest standard of publication ethics and takes all possible measures against plagiarism and any publication malpractices. This statement is based on COPE’s Best Practice Guidelines for Journal.
DUTIES OF REVIEWERS
Promptness
The journal editors are committed to provide timely review to the authors. If a reviewer does not submit his/her report in a timely manner, the manuscript is immediately sent to another qualified reviewer.
Confidentiality
Manuscript content is treated with a high confidentiality. The journal uses a single and double blind process. Reviewers cannot discuss manuscripts with any other persons, including the authors.
Standard of objectivity
Editors and reviewers are required to evaluate manuscripts based on the content. The review comment must be respectful of authors. The reviewers are required to justify their decision and recommendation.
Acknowledgement of Sources
Reviewers should identify relevant published work that has been cited by authors. Any statement that an observation, derivation, or argument had been previously reported should be accompanied by the relevant citation. A reviewer should also call to the editor's attention any substantial similarity or overlap between the manuscript under consideration and any other published manuscript of which they have personal knowledge.
Disclosure and conflict of interest
Privileged information or ideas obtained through peer review must be kept confidential and not used for personal advantage. Reviewers should not consider manuscripts in which they have conflicts of interest resulting from competitive, collaborative, or other relationships or connections with any of the authors, companies, or institutions connected to the manuscripts.
DUTIES OF AUTHORS
Publication and authorship
All persons listed as authors should qualify for authorship. Such authorship should be limited to persons who have contributed significantly to the conception, design, execution, data acquisition, data analysis or interpretation of the manuscript. All other persons who have participated in certain important aspects of the research but do not qualify as authors, then they should be acknowledged. Authorship is a responsibility of the corresponding author; he or she should ensure that all appropriate co-authors are included in the manuscript. Requests to add or remove author(s) or to arrange the author names of the accepted manuscript before it is published, must be sent to the Managing Editor.
Reporting standards
Author should present an accurate account of the work performed as well as an objective discussion of its significance. A manuscript should contain sufficient detail and references to permit others to replicate the work wherever possible.
Originality and plagiarism
In publishing only original research, JCLI is committed to deter plagiarism, including self-plagiarism. Authors should ensure that they have written entirely original works, and if the authors have used the work and/or words of others that this has been appropriately cited or quoted. Manuscripts found with such problems are automatically rejected and authors are so advised.
Multiple, redundant, or concurrent publication
Authors should not concurrently submit the same manuscript for publishing to other journals. It is also expected that the author(s) will not publish redundant manuscripts, or manuscripts describing the same research in several publishing venues, after the initial manuscript has been accepted for publication. Simultaneous submission is considered unethical and is therefore unacceptable.
Acknowledgement of sources
Manuscript acknowledgement of the work of others is required. Author must cite publications that have led to the author's current research.
Authorship of the manuscript
Authorship should be limited to those who have made a significant contribution to the research reported in the manuscript.
Disclosure and conflicts of interest
All authors should disclose in their manuscript any financial or other substantive conflict of interest that might be construed to influence the results or interpretation of their manuscript.
Fundamental errors in published works
When an author discovers a significant error or inaccuracy in his/her own published work, it is the author’s obligation to promptly notify the journal editor or publisher and cooperate with the editor to retract or correct the manuscript.
DUTIES OF EDITORS
Journal of Central Banking Law and Institutions (JCLI) is a peer-reviewed journal organized by Bank Indonesia. It is published thrice a year in January, May and September.
JCLI was first published in January 2022. In 2022, it launched as an electronic journal (e-journal)