Repo runs

The recent financial crisis has shown that short-term collateralized borrowing may be a highly unstable source of funds in times of stress. In this paper, we develop a dynamic equilibrium model and analyze under what conditions such instability can be a consequence of market-wide changes in expectations. We derive a liquidity constraint and a collateral constraint that determine whether such ex…

The Only game in town : central banks, instability, and avoiding the next col…

Includes bibliographies and index

Designing Central Bank Digital Currency for Indonesia: The Delphi–Analytic …

The emergence of stablecoins is a growing concern for authorities worldwide including Indonesia as it could affect financial stability. Thus, if a central bank chooses to develop a central bank digital currency (CBDC) to tackle this problem, the design should conform to the country’s characteristics and consumer needs. This study draws on experts’ opinions from various economic agents and u…

A Book Review of Central Bank Policy Theory and Practice by Perry Warjiyo and…

Edisi

Volume 23, Number 1, 2020

ISBN/ISSN

2460-9196

Deskripsi Fisik

160 p.

Judul Seri

Bulletin of Monetary Economics and Banking

No. Panggil

-

The Political economy of central banking

There have been rapid and substantial changes in the importance, economic power and operation of financial markets over the past three decades. This innovative book examines the control which central banks have over financial markets, focusing on the implications of the current trend towards the granting of 'independence' to central banks. The contributors examine central banking in a number of…

Central bank policy mix : key concepts and Indonesia`s experience

The global crisis brings about renewed reforms on central bank policy. First, in addition to the traditional mandate of price stability, there are strong supports for additional mandate of the central bank to promote financial system stability. Second, macroprudential policy is needed to address procyclicality and build-up systemic risks in the macro-financial linkages of financial system that …

Pengaruh Pengumuman Kebijakan Bank Sentral terhadap Volatilitas IHSG, ISSI, d…

Penelitian yang ada menemukan hasil beragam mengenai perbandingan volatilitas antara investasi konvensional, syariah, dan ESG. Beberapa menemukan bahwa investasi syariah dan ESG memiliki risiko lebih rendah dibandingkan investasi konvensional. Sementara penelitian lainnya menemukan bahwa tidak terdapat perbedaan antara ketiganya. Penemuan terdahulu menjabarkan berbagai faktor sebagai penyebab v…

An Estimated Open-Economy DSGE Model For The Evaluation Of Central Bank Polic…

This paper builds and estimates a small open-economy Dynamic Stochastic General Equilibrium (DSGE) model suitable for the evaluation of central bank policy mix, with a particular application on the Indonesian economy. The model has a rich array of shocks and frictions, including banking and financial frictions. We illustrate how the estimated model can be used to investigate the source of aggre…

Pengaruh Forced Distribution Rating System (FDRS) Terhadap Job Performance: P…

Job performance atau kinerja pegawai dianggap penting karena dapat berkontribusi terhadap efektivitas organisasi. Salah satu cara untuk mengoptimalkan kinerja adalah dengan merancang penilaian kinerja yang benar dan melaksanakannya dengan baik sehingga karyawan akan termotivasi dalam melakukan pekerjaan dan tanggung jawabnya. Terdapat beberapa model pengukuran kinerja pegawai, salah satunya yai…

A Reflection Of Sustainable Inclusive Growth Post-Pandemic And The Central Ba…

Edisi

Volume 25, 15th BMEB Call for Papers Special Issue

ISBN/ISSN

2460-9196

Deskripsi Fisik

162 p.

Judul Seri

Bulletin Of Monetary Economics And Banking

No. Panggil

-

Central Bank Independence And Price Stability Under Alternative Political Reg…

In this paper, we explore the connection between Central Bank Independence (CBI) and inflation under alternative political regimes. We formulate a predictive model that accommodates CBI in the analysis of inflation and thereafter we regroup the countries based on the choice of political regimes as well as the level of development. We find that CBI has a statistically significant and negative ef…

Fiscal And Monetary Policy Interactions In Indonesia During Periods Of Econom…

This study investigates the formation of the interaction between monetary and fiscal policies in Indonesia during periods of economic turmoil in the US (external shock) based on the Hybrid New Keynesian (HNK) model. The study estimates the HNK model using the Full Information Maximum Likelihood and time-series data over the period 2001Q1-2014Q4. The result reveals the form of coordination is a …

Central Bank Digital Currency: What Factors Determine Its Adoption?

This paper attempts to explain the differences in Central Bank Digital Currency (CBDC) adoption across emerging and advanced countries using an ordered probit model. Based on a cross-country dataset, we show that wholesale CBDC is more advanced in countries with developed financial markets and greater cross-border transactions. Retail CBDC is more advanced in countries with lower financial in…

The Greenspan era: lessons for the future-a summary of the Bank's 2005 Econom…

During Alan Greenspan's years at the helm of the Federal Reserve System, the global economy has undergone significant structural change and withstood a variety of financial and economic shocks. In addition to helping steer the global economy through such challenges, Chairman Greenspan has been at the center of discussions on monetary policy ideas and issues. To honor Alan Greenspan's service, t…

Inflating targeting dan Tantangan Implementasinya di Indonesia

Inflation targeting is anwe and also still challenging model of monetery policy. Nevertheless the number of countries applying this model is continuosly increasing. Objectives of the study are (1) to review the meaning and requirements of inflation targeting.to examine tahe implementation of inflating targeting in developing countries and to evaluate the aplication of inflating targeting in Ind…

Marrying time consistency in monetary policy with financial stability : stren…

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Bank Indonesia : menuju independensi bank sentral

Ada bibliografi, indek dan tabel

Analisis Sinyal Kebijakan pada Saran Pers Bank Sentral di Indonesia.

Dalam memberikan sinyal arah kebijakan, komunikasi bank sentral sangat penting untuk menyelaraskan ekspektasi pelaku pasar keuangan dan masyarakat dengan kebijakan moneter yang akan datang. Hal ini membantu mengurangi ketidakpastian ekonomi dan meningkatkan prediktabilitas kebijakan. Penelitian ini mengkaji peran strategis komunikasi Bank Indonesia dalam membentuk ekspektasi pasar dan mempengar…

Central banking, monetary theory and practice : essays in honour of Charles G…

Includes bibliographies, index and tables.

Bank Indonesia and the crisis an insider's view

Includes bibliographies, index and tables.