Bulletin of Monetary Economics and Banking

1998 - 2025

Current editor(s): Paresh Narayan

From Bank Indonesia
Contact information at EDIRC.
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Volume 25, issue Special Issue, 2022

STIMULATING ECONOMIC RECOVERY, PROMOTING SUSTAINABLE- INCLUSIVE GROWTH: CHALLENGES AND OPPORTUNITIES pp. iv-viii

Paresh Kumar Narayan and Solikin Juhro

A REFLECTION OF SUSTAINABLE INCLUSIVE GROWTH POST-PANDEMIC AND THE CENTRAL BANK’S CHALLENGES BEYOND STABILITY pp. viii-viv

Perry Warjiyo

IS INDONESIA’S CURRENT ACCOUNT BALANCE OPTIMAL? EVIDENCE FROM AN INTERTEMPORAL APPROACH pp. 1-18

Bhavesh Garg and K.P. Prabheesh

THE IMPACT OF COVID-19 ON DIGITAL PAYMENT HABITS OF INDIAN HOUSEHOLDS pp. 19-42

Rajas Saroy, Sakshi Awasthy, Naveen K. Singh, Sonali M. Adki and Sarat Dhal

PANDEMICS, LOCKDOWN AND ECONOMIC GROWTH: A REGION-SPECIFIC PERSPECTIVE ON COVID-19 pp. 43-60

Devi Prasad Dash and Narayan Sethi

THE ECONOMIC EFFECTS OF COVID-19 MITIGATION POLICIES ON UNEMPLOYMENT AND ECONOMIC POLICY UNCERTAINTY pp. 61-84

Anasuya Haldar and Narayan Sethi

DOES INNOVATION OUTCOMES INFLUENCE PERFORMANCE OF INDIAN MANUFACTURING FIRMS? pp. 85-102

Badri Rath and Poulomi Bhattacahrya

DOES BANK EFFICIENCY ENHANCE BANK PERFORMANCE? EMPIRICAL EVIDENCE FROM INDIAN BANKING pp. 103-124

Bijoy Rakshit and Samaresh Bardhan

FOREIGN DIRECT INVESTMENT AND WAGE SPILLOVERS IN THE INDONESIAN MANUFACTURING INDUSTRY pp. 125-160

Mohammad Yasin, Miguel Angel Esquivias and Nur Arifin

Volume 25, issue 4, 2022

ANALYZING COLLATERAL REPO HAIRCUTS IN ASIAN COUNTRIES pp. 495-530

Iman Gunadi, Aryo Sasongko and Dian Fitriarni Sari

IS INTERNATIONAL MONETARY POLICY COORDINATION FEASIBLE FOR THE ASEAN-5 + 3 COUNTRIES? pp. 531-574

Eric Alexander Sugandi

CURRENCY CRISES AND CONTAGION CHANNELS IN ASIAN ECONOMIES pp. 575-596

Tey Sheik Kyin and Chin Lee

MACRO-FINANCIAL DETERMINANTS OF DEFAULT PROBABILITY USING COPULA: A CASE STUDY OF INDONESIAN BANKS pp. 597-622

Maulana Harris Muhajir, Pierre Six and Jung-Hyun Ahn

FOREIGN AND PRIVATE DOMESTIC INVESTMENTS IN INDONESIA: CROWDING-IN OR CROWDING-OUT? pp. 623-646

Aris Setiyanto

THE EFFECT OF CORPORATE TAX POLICY ON FOREIGN DIRECT INVESTMENT: EMPIRICAL EVIDENCE FROM ASIAN COUNTRIES pp. 647-672

Adi Lesmana and Widyono Soetjipto

THE EFFECT OF COVID-19 PANDEMIC ON THE RISKS OF INVESTMENTS IN INDONESIA: EVIDENCE FROM THE EGARCH MODEL pp. 673-688

Meinisa Fadillah Rahmi and Nasrudin

Volume 25, issue 3, 2022

THE IMPACT OF DOMESTIC INVESTORS’ PARTICIPATION IN GOVERNMENT DEBT ON BANK LOANS TO THE PRIVATE SECTOR: A CROSS-COUNTRY STUDY pp. 275-290

Justina Adamanti, Sugiharso Safuan and Zaäfri Ananto Husodo

NOWCASTING REGIONAL ECONOMIC GROWTH IN INDONESIA pp. 291-322

Jesica Nauli Br. Siringo Ringo and Anugerah Karta Monika

INDONESIA’S FINANCIAL STRESS EVENTS AND MACROECONOMIC DYNAMICS pp. 323-370

Sugiharso Safuan, Eric Alexander Sugandi, Okta Qomaruddin Aziz and Risna Triandhari

ASYMMETRIC IMPACTS OF MONETARY POLICY SHOCK ON OUTPUT GAP: EVIDENCE FROM REGIONS IN INDONESIA pp. 371-398

Sugeng Triwibowo and Defy Oktaviani

PANDEMIC SHOCKS AND MACRO-FINANCIAL POLICY RESPONSES: AN ESTIMATED DSGE-VAR MODEL FOR INDONESIA pp. 399-438

Advis Budiman, Sugiharso Safuan, Solikin Juhro and Febrio N. Kacaribu

THE SYSTEMIC RISK IN THE GULF COOPERATION COUNCIL COUNTRIES’ EQUITY MARKETS AND BANKING SECTORS: A DYNAMIC COVAR APPROACH pp. 439-470

Aktham Maghyereh, Nader Virk, Basel Awartani and Mohammad Al-Shboul

FROM SCHOOL TO WORK: DOES VOCATIONAL EDUCATION IMPROVE LABOUR MARKET OUTCOMES? AN EMPIRICAL ANALYSIS OF INDONESIA pp. 471-492

Dyah S. Pritadrajati

Volume 25, issue 2, 2022

DOES INTERNATIONAL MONETARY POLICY INFLUENCE THE BANK RISK? EVIDENCE FROM INDIA pp. 135-154

Ameen Omar Shareef and K.P. Prabheesh

CENTRAL BANK INDEPENDENCE AND PRICE STABILITY UNDER ALTERNATIVE POLITICAL REGIMES: A GLOBAL EVIDENCE pp. 155-172

Afees Salisu, Elias A. Udeaja and Silva Opuala-Charles

ARE FINANCIAL INSTITUTIONS TAX AGGRESSIVE? EVIDENCE FROM CORPORATE TAX RETURN DATA pp. 175-204

Subagio Efendi, Salim Darmadi and Robert Czernkowski

THE ASYMMETRIC EFFECTS OF EXCHANGE RATE VOLATILITY ON INTERNATIONAL TRADE IN A TRANSITION ECONOMY: THE CASE OF VIETNAM pp. 203-214

Loc Dong Truong, Ha Hoang Ngoc Le and Dut Van Vo

THE EFFECTS OF RENT SEEKING ACTIVITIES ON ECONOMIC GROWTH IN MIDDLE-INCOME COUNTRIES pp. 215-234

Zi Wen Vivien Wong, Fanyu Chen, Siong Hook Law and Normaz Wana Ismail

THE IMPACT OF FISCAL SPACE ON INDONESIA’S FISCAL BEHAVIOR pp. 235-256

Marcella Alifia Kuswana Putri, Chandra Utama and Ivantia Savitri Mokoginta

DOES CREDIT PERFORMANCE CHANGE IN THE POST- COVID-19? EVIDENCE FROM JAVA ISLAND, INDONESIA pp. 257-272

Darjana Darjana, Sudarso Kadero Wiryono and Deddy Priatmodjo Koesrindartoto

Volume 25, issue 1, 2022

CENTRAL BANK DIGITAL CURRENCY: WHAT FACTORS DETERMINE ITS ADOPTION? pp. 1-24

Novi Maryaningsih, Suahasil Nazara, Febrio N. Kacaribu and Solikin Juhro

A NOTE ON PUBLIC DEBT-PRIVATE INVESTMENT NEXUS IN EMERGING ECONOMIES pp. 25-36

Dinci J. Penzin, Afees Salisu and Benedict N.Akanegbu

TIME AND FREQUENCY DEPENDENCY OF FOREIGN EXCHANGE RATES AND COUNTRY RISK:EVIDENCE FROM TURKEY pp. 37-54

Dervis Kirikkaleli, Mustafa Kartal and Tomiwa Adebayo

FINANCE AND ENDOGENOUS GROWTH pp. 55-72

Delano Villanueva

CREDIT RISK AMID BANKING UNCERTAINTY IN VIETNAM pp. 73-96

Dang Van Dan and Hoang Chung Nguyen

FISCAL AND MONETARY POLICY INTERACTIONS IN INDONESIA DURING PERIODS OF ECONOMIC TURMOIL IN THE US: 2001Q1-2014Q4 pp. 97-116

Chandra Utama, Insukindro and Ardyanto Fitrady

THRESHOLD EFFECT IN THE RELATIONSHIP BETWEEN INFLATION RATE AND ECONOMIC GROWTH IN INDONESIA pp. 117-132

Adam Luthfi Kusumatrisna, Iman Sugema and Syamsul Pasaribu

Volume 24, issue Special Issue, 2021

EDITORIAL Maintaining Stability, Promoting Sustainable Growth amidst Global Challenges, The 14th BMEB International Conference Special Issue pp. iii-vi

Paresh Kumar Narayan and Solikin Juhro

Rethinking Macroeconomy and Central Banking in the New Normal pp. vii-xiv

Perry Warjiyo

THE COVID-19 PANDEMIC AND INDIAN PHARMACEUTICAL COMPANIES: AN EVENT STUDY ANALYSIS pp. 1-14

Chinmaya Behera and Badri Rath

THE IMPACT OF COVID-19 ON ISLAMIC AND CONVENTIONAL STOCKS IN INDONESIA: A WAVELET-BASED STUDY pp. 15-32

Mohsin Ali, Urooj Anwar and Muhammad Haseeb

THE NEWS EFFECT OF COVID-19 ON GLOBAL FINANCIAL MARKET VOLATILITY pp. 33-58

Anasuya Haldar and Narayan Sethi

COMPETITION, DIVERSIFICATION, AND STABILITY IN THE INDONESIAN BANKING SYSTEM pp. 59-88

Mudeer Ahmed Khattak, Baharom Abdul Hamid, Muhammad Umar Islam and Mohsin Ali

ASYMMETRIC ADJUSTMENT OF THE SECTORIAL LENDING-DEPOSIT RATE SPREAD IN FIJI pp. 89-106

Shamal Shivneel Chand and Baljeet Singh

CREDIT RISK MODELLING FOR INDIAN DEBT SECURITIES USING MACHINE LEARNING pp. 107-128

Charumathi Balakrishnan and Mangaiyarkarasi Thiagarajan

WOMEN IN A DUAL BOARD SYSTEM AND DIVIDEND POLICY pp. 129-150

Tastaftiyan Risfandy, Timotius Radika and Leo Indra Wardhana

Volume 24, issue 4, 2021

COVID-19 UNCERTAINTY AND MONETARY POLICY RESPONSES: EVIDENCE FROM EMERGING MARKET ECONOMIES pp. 489-516

K.P. Prabheesh, Solikin Juhro and Cicilia A. Harun

WHAT DRIVES PERSISTENTLY HIGH INFLATIONARY PRESSURES IN VIETNAM? SOME EVIDENCE FROM THE NEW KEYNESIAN CURVE FRAMEWORK pp. 517-540

Xuan-Hoa Nghiem and Seema Narayan

ASSESSING THE COMPETITIVENESS OF FIRMS IN THE INDIAN MANUFACTURING SECTOR: AN INTER INDUSTRY ANALYSIS pp. 541-558

Pradipta Kumar Sahoo, Badri Rath and Iet Le

FINTECH, BANKS, AND THE COVID-19 PANDEMIC: EVIDENCE FROM INDONESIA pp. 559-588

Militcyano Samuel Sapulette, Nury Effendi and Teguh Santoso

DYNAMIC RELATIONSHIP BETWEEN CAPITAL INFLOWS AND BANK LENDING: THE ROLE OF COMMODITY PRICE AND GLOBAL FINANCIAL MARKET SHOCKS pp. 589-630

Doni Satria, Nachrowi Djalal Nachrowi, Telisa A. Falianty and Iskandar Simorangkir

ACCESS TO CREDIT AND PHYSICAL CAPITAL STOCK: A STUDY OF NON-FARM HOUSEHOLD ENTERPRISES IN NIGERIA pp. 631-640

Obed I. Ojonta and Jonathan E. Ogbuabor

KNOWING THE UNKNOWNS – FRESH INSIGHTS FROM AN UNKNOWN STOCK MARKET pp. 641-658

Susan Sunila Sharma, Naoyuki Yoshino and Farhad Taghizadeh-Hesary

Volume 24, issue 3, 2021

UNDERSTANDING MARKET REACTION TO COVID-19 MONETARY AND FISCAL STIMULUS IN MAJOR ASEAN COUNTRIES pp. 313-334

Syed Aun R. Rizvi, Solikin Juhro and Paresh Kumar Narayan

VOLATILITY SPILLOVER OF INTRADAY EXCHANGE RATES ON SOME SELECTED ASEAN COUNTRIES pp. 335-364

Neluka Devpura, Iman Gunadi and Aryo Sasongko

COVID-19, POLICY RESPONSES, AND INDUSTRIAL PRODUCTIVITY AROUND THE GLOBE pp. 365-382

Bernard Njindan Iyke, Susan Sunila Sharma and Iman Gunadi

DIVERSIFICATION GAINS FOR A HOME BIASED TRADER IN THE EMERGING AND FRONTIER EQUITY MARKETS pp. 385-414

Seema Wati Narayan, Sivagowry Srianathakumar, Greeni Maheshwari and Mobeen Ur Rehman

FOREIGN TRADE, EDUCATION, AND INNOVATIVE PERFORMANCE: A MULTILEVEL ANALYSIS pp. 413-440

Ahmet Aysan, Luis Carlos Castillo-Téllez, Dilek Demirbas and Mustafa Disli

REAL EXCHANGE RATE MISALIGNMENTS: THE CASE OF THE INDONESIAN RUPIAH pp. 441-464

Rasbin, Mohamad Ikhsan, Beta Y. Gitaharie and Yoga Affandi

THE EFFECT OF SAVING ACCOUNT OWNERSHIP AND ACCESS TO FINANCIAL INSTITUTIONS ON HOUSEHOLD LOANS IN INDONESIA pp. 465-486

Robby Maulana and Chaikal Nuryakin

Volume 24, issue 2, 2021

PALM OIL PRICE–EXCHANGE RATE NEXUS IN INDONESIA AND MALAYSIA pp. 169 - 180

Afees Salisu and Sikiru Abdulsalam

DETERMINANTS OF SCHOOL ENROLMENT IN INDONESIA: THE ROLE OF MINIMUM WAGE pp. 181-204

Dyah Savitri Pritadrajati

EFFECTS OF RENT-SEEKING ON ECONOMIC GROWTH IN LOW-INCOME ECONOMIES pp. 205-220

Zi Wen Vivien Wong, Fanyu Chen and Thian Hee Yiew

DOES CORPORATE GOVERNANCE MATTER FOR ASSET QUALITY OF ISLAMIC BANKS? pp. 221-236

Ejaz Aslam, Aziz Ur-Rehman and Anam Iqbal

DOES THE SERVICE TRADE OPENNESS MITIGATE REAL EXCHANGE RATE VOLATILITY? pp. 237-254

Febrio Kacaribu, Syahda Sabrina and Teuku Riefky

THE INTERNET MIRACLE: THE IMPACT OF INTERNET ACCESS ON HOUSEHOLD SAVING IN INDONESIA pp. 255-282

Rahmanda Muhammad Thaariq, Arif Anindita and Hafizha Dea Iftina

Volume 24, issue 1, 2021

DOES ECONOMIC INTEGRATION INCREASE FEMALE LABOUR FORCE PARTICIPATION? LABOUR FORCE PARTICIPATION? pp. 1-34

Seema Narayan, Tri Tung Nguyen and Xuan-Hoa Nghiem

SPILLOVER EFFECTS OF EXCHANGE RATE RETURNS IN SELECTED ASIAN COUNTRIES pp. 35-52

Neluka Devpura

TERRORIST ATTACKS AND CORPORATE INVESTMENT IN INDONESIA pp. 53-70

Dat Nguyen, Dinh Phan and Nguyen Van Ky Long

ADJUSTMENT SPEED OF DEBT MATURITY: EVIDENCE FROM FINANCIAL CRISES IN EAST ASIA pp. 71-92

Hasan Tekin and Ali Yavuz Polat

TRADE CREATION AND TRADE DIVERSION EFFECTS: THE CASE OF THE ASEAN PLUS SIX FREE TRADE AREA pp. 93-118

Rossanto Dwi Handoyo, Lilik Sugiharti and Miguel Angel Esquivias

ASYMMETRIC TRANSMISSION OF MONETARY POLICY TO INTEREST RATES: EMPIRICAL EVIDENCE FROM INDONESIA pp. 119-150

Fitri Ami Handayani and Febrio Kacaribu

FOREIGN OWNERSHIP, STOCK PERFORMANCE-RISK, AND MACROECONOMIC FACTORS IN ASEAN COUNTRIES pp. 151-168

Ahmad Maulin Naufa, Mamduh M. Hanafi and I Wayan Nuka Lantara