Monetary policy and financial conditions in Indonesia
Solikin M. Juhro, Bernard Njindan Iyke (Bank Indonesia Insitute , 2019)
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ABSTRACT We develop a financial condition index (FCI) and examine the effects of monetarypolicy on financial conditions in Indonesia. We show that our FCI tracks financialconditions quite well because it captures key financial events (the Asian financialcrisis of 1997 - 1998, the Indonesian banking crisis, and the global financial crisis andits aftermath). A unique feature of our FCI is that it is quarterly and thus offers nearreal-time development in financial conditions. We also show that monetary policyshapes the FCI. A contractionary monetary policy leads to unfavourable financialconditions during the first two quarters, followed by favourable financial conditionsfor nearly three quarters. This finding is robust to an alternative identification strategy.Our findings highlight the critical role of the monetary authority in shaping financialconditions in Indonesia. |
| No. Panggil : | 332 BEMP 21:3 (2019) |
| Entri utama-Nama orang : | |
| Entri tambahan-Nama orang : | |
| Penerbitan : | Jakarta: Bank Indonesia Insitute , 2019 |
| Sumber Pengatalogan : | LibUI ind rda |
| ISSN : | 14108046 |
| Majalah/Jurnal : | Bulletin of Monetary Economics and Banking |
| Volume : | Vol. 21, No. 3, January 2019: Hal. 283 - 302 |
| Tipe Konten : | text |
| Tipe Media : | unmediated |
| Tipe Carrier : | volume |
| Akses Elektronik : | |
| Institusi Pemilik : | Universitas Indonesia |
| Lokasi : | Perpustakaan UI, Lantai 4, R. Koleksi Jurnal |
| No. Panggil | No. Barkod | Ketersediaan |
|---|---|---|
| 332 BEMP 21:3 (2019) | 03-19-913418360 | TERSEDIA |
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| Tidak ada ulasan pada koleksi ini: 20498148 |
