A FINANCIAL TECHNOLOGY INDEX FOR INDONESIA 2017 - 2020

Nur Aini () and Nasrudin ()
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Nur Aini: Politeknik Statistika STIS, Indonesia
Nasrudin: Politeknik Statistika STIS, Indonesia

Bulletin of Monetary Economics and Banking, 2023, vol. 26, issue 3, 491-512

Abstract: Financial technology is a type of financial innovation that incorporates technology. Ideally, a composite indices-based measure can be used to track the flow of inancial transactions. Indonesia has no financial technology index due to the inexistent of adequate weighing and time-series data requirement. The purpose of this study is to compose a financial technology index in Indonesia and to analyze the contribution of index forming indicators. We use Generalized Dynamic Principal Component Analysis (GDPCA) method to provide the weight of each indicator. The lender account accumulation and several fintech actors are the most contributed variables in the model

Keywords: Economic digitization; Financial technology; GDPCA; Index (search for similar items in EconPapers)
JEL-codes: C18 C43 O16 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:idn:journl:v:26:y:2023:i:3e:p:491-512

DOI: 10.59091/2460-9196.1697

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