Ditemukan 35 dokumen yang sesuai dengan query
Susan Sunila Sharma, author
ABSTRACT
Using monthly time series data and both short and long-run models, our paper examines the determinants of Indonesias income velocity of money. Our findings strongly suggest that in the long-run, tax revenue, short term interest rates, and industrial production, and in the short run, money demand significantly determines income velocity...
Jakarta: Bank Indonesia Insitute , 2019
332 BEMP 21:3 (2019)
Artikel Jurnal Universitas Indonesia Library
Krishna Reddy, author
ABSTRACT
This study investigates whether a change in credit ratings lead to a change in daily excess stock returns. The sample includes daily stock price data for US firms listed on the Standard & Poors 500 from January 2006 to December 2015. Firms excess stock returns are compared with the market...
Jakarta: Bank Indonesia Insitute , 2019
332 BEMP 21:3 (2019)
Artikel Jurnal Universitas Indonesia Library
Nicholas Apergis, author
ABSTRACT
This study explores, for the first time, how financial vulnerability affects income inequality across OECD countries, from 1990 to 2015. The empirics use a new financial vulnerability index constructed by Adrian and Duarte (2016). Through the methodology of their modeling approach, panel GARCH and GMM methods, the findings indicate that...
Jakarta: Bank Indonesia Insitute , 2019
332 BEMP 21:3 (2019)
Artikel Jurnal Universitas Indonesia Library
Xiao-Bo Zhou, author
ABSTRACT
This study aims to investigate the moderating role of corruption on the effect of government R&D expenditure on enterprise innovation in China, using the annually data over the period 2002-2013 in a panel of 30 provinces. A dynamic panel system GMM model was used to explore the relationship among government...
Jakarta: Bank Indonesia Insitute , 2019
03-19-239794403
Artikel Jurnal Universitas Indonesia Library
Bhuhsan Praveen Jangam, author
ABSTRAK
We investigate consumer price convergence for 82 Indonesian cities using monthly
data from 2014 to 2019. To do so, we employ recent techniques of club ...
Jakarta: Bank Indonesia Insitute, 2019
332 BEMP 22:3 (2019)
Artikel Jurnal Universitas Indonesia Library
Peter Golit, author
ABSTRAK
We offer new insights on the dynamics of the exchange rate interest rate differential for the case of G7 economies. We show that the nexus is better considered using anasymmetric model, as suggested by a host of previous studies. In addition, we find therole of accounting for structural breaks to...
Jakarta: Bank Indonesia Insitute, 2019
332 BEMP 22:3 (2019)
Artikel Jurnal Universitas Indonesia Library
Yuan Yang, author
ABSTRACT
This paper uses a difference in difference model to study the impact of venture capital
(VC) participation on board characteristics. Our sample includes companies listed on
the growth enterprise market (GEM) on Chinas Shenzhen stock exchange over the ...
Jakarta: Bank Indonesia Insitute, 2019
332 BEMP 22:3 (2019)
Artikel Jurnal Universitas Indonesia Library
Himan Hanivan, author
ABSTRAK
Numerous studies have constructed financial inclusion indexes for Indonesia, using a multidimensional approach. However, there is a problem with the methodology, which assumes that all the dimensions play the same role in defining financial inclusion, since they are based on equal weighting criteria. This paper aims to obviate concerns with...
Jakarta: Bank Indonesia Insitute, 2019
332 BEMP 22:3 (2019)
Artikel Jurnal Universitas Indonesia Library
Solikin M. Juhro, author
ABSTRAK
This papers main thesis is that frugal innovation and transformational leadership offer
additional sources of growth. Our main contribution is the proposal of what we refer
to as the breakthrough possibility frontier (BPF) model, which integrates two aspects
of leadership: innovation quality (frugal innovation) ...
Jakarta: Bank Indonesia Insitute, 2019
332 BEMP 22:3 (2019)
Artikel Jurnal Universitas Indonesia Library
K.P. Prabeesh, author
ABSTRAK
This paper empirically tests the dynamics of credit cards and monetary policy in thecontext of Indonesia. Using monthly data from 2006 to 2018 and a structural vectorautoregressive model, our findings indicate that credit card usage is mainly drivenby Indonesias fast economic growth over the last decade, which indeed reflects therole...
Jakarta: Bank Indonesia Insitute, 2019
332 BEMP 22:2 (2019)
Artikel Jurnal Universitas Indonesia Library
