Menilik Perkembangan Sektor Keuangan Indonesia di Tengah Pandemi

Observing the Development of Indonesia's Financial Sector Amid the Pandemic

Alfan Mansur and Muhammad Nizar

MPRA Paper from University Library of Munich, Germany

Abstract: This study aims to examine the impact of the Covid-19 pandemic on the development of the Indonesian financial sector, both in terms of depth, access, and efficiency. The analytical tool used is the same as Mansur and Nizar's study (2019) with data updating in the period 2019 to August 2020. The results obtained show that during the 2020 pandemic (January – August 2020) the depth of financial institutions as a whole experienced a contraction of 1.13 percent with the main contributor coming from banking. Meanwhile, financial market depth for the same period contracted by 3.51 percent with the main contributor coming from the stock market. Other results indicate that investors are turning to lower risk instruments, such as government securities during the pandemic. In terms of access, both access to financial institutions and access to financial markets have shown improvement. One thing that is positive in difficult times, like this pandemic.

Keywords: access; Covid-19; depth; efficiency; financial institution; financial market (search for similar items in EconPapers)
JEL-codes: G14 G17 G18 G21 G22 G23 G24 G28 (search for similar items in EconPapers)
Date: 2020-12
New Economics Papers: this item is included in nep-sea
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Published in Seri Analisis Kebijakan Sektor Keuangan : Cara Indonesia Menangani Pandemi Covid-19 dan Dampaknya terhadap Perekonomian (2020): pp. 55-80

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