Ditemukan 8 dokumen yang sesuai dengan query
Azwar Iskandar, author
ABSTRACT
This paper calculates and analyzes the Index of Syariah Financial Inclusion (ISFI) covering three dimensions; the accessibility, the availability and the usage of Islamic banking services. Using the annual data in province level in Indonesia during the period of 2010-2015, this paper found that the Index of Syarial Financial Inclusion...
Jakarta: Bank Indonesia Institute, 2017
332 BEMP 20:1 (2017)
Artikel Jurnal Universitas Indonesia Library
Paresh Kumar Narayan, author
Using the Consumer Price Index (CPI) data of 82 Indonesian cities, we propose the hypothesis of heterogeneity in the cities’ contribution to the aggregate Indonesian CPI. Using a price discovery model fitted to monthly data, we discover that (1) of the 23 cities in the province of Sumatera, five contribute...
Jakarta: Bank Indonesia Institute, 2019
332 BEMP 22:4 (2019)
Artikel Jurnal Universitas Indonesia Library
Kesavarajah Mayandy, author
This study estimates the forward-looking monetary policy reaction function for Sri Lanka using monthly data from 1980 to 2017. The results indicate that the Central Bank of Sri Lanka (CBSL) followed the Taylor rule to set interest rates. Our forwardlooking model estimations show that the coefficient on inflation increases over...
Jakarta: Bank Indonesia Institute, 2019
332 BEMP 22:4 (2019)
Artikel Jurnal Universitas Indonesia Library
Solikin M. Juhro, author
We examine the usefulness of large-scale inflation forecasting models in Indonesia within an inflation-targeting framework. Using a dynamic model averaging approach to address three issues the policymaker faces when forecasting inflation, namely, parameter, predictor, and model uncertainties, we show that large-scale models have significant payoffs. Our in-sample forecasts suggest that...
Jakarta: Bank Indonesia Institute, 2019
332 BEMP 22:4 (2019)
Artikel Jurnal Universitas Indonesia Library
Seema Wati Narayan, author
This paper investigates the role of financial technology (FinTech) in propelling economic growth in Indonesia from 1998 to 2018. The FinTech industry employs a technology-based business model to provide financial services, including lending, payment, investment, and financing services. The study is motivated by endogenous growth theory, which seeks to explain...
Jakarta: Bank Indonesia Institute, 2019
332 BEMP 22:4 (2019)
Artikel Jurnal Universitas Indonesia Library
Rakesh Padhan, author
This paper suggests a new agenda for constructing early warning models (EWMs) to enhance their effectiveness in predicting financial crises. The central argument of the new agenda aims to eradicate the weaknesses of existing EWMs, since their failure to predict the global financial crisis of 2007–2008 demonstrates the need to...
Jakarta: Bank Indonesia Institute, 2019
332 BEMP 22:4 (2019)
Artikel Jurnal Universitas Indonesia Library
Mehmet Ezer, author
Conventional monetary models focus on interest rates and omit monetary aggregates from policy discussions. This paper examines whether augmenting the measure of monetary policy with monetary aggregates helps determine more robust links between policy and economic fluctuations. After constructing the Divisia money index for the UK, I employ structural vector...
Jakarta: Bank Indonesia Institute, 2019
332 BEMP 22:4 (2019)
Artikel Jurnal Universitas Indonesia Library
Mansor H. Ibrahim, author
This paper empirically analyses the role of Islamic banking in financial intermediation costs as measured by net interest margins for a leading dual banking country, Malaysia. Controlling for theoretically motivated determinants of the margins, the paper compares the interest/financing margins of conventional and Islamic banks and examines the impacts of...
Jakarta: Bank Indonesia Institute, 2019
332 BEMP 22:4 (2019)
Artikel Jurnal Universitas Indonesia Library
