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All Journal JURNAL MULTIDISIPLIN ILMU AKADEMIK
Son Junior Estomihi
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Religion Humanities Law, Crime, Criminology & Criminal Justice Medicine & Pharmacology Social Sciences

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Dampak Kebijakan Moneter Terhadap Hukum Perbankan: Analisis dan Implikasi Studi Pada Dampak Pandemi COVID-19 Terhadap Pasar Keuangan Indonesia Son Junior Estomihi; Daniel Darel Amadeo; Andrew Samuel Pandiangan
JURNAL MULTIDISIPLIN ILMU AKADEMIK Vol. 1 No. 6 (2024): Desember
Publisher : CV. KAMPUS AKADEMIK PUBLISHING

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61722/jmia.v1i6.2983

Abstract

The COVID-19 pandemic has had a significant impact on the global economy, including Indonesia, by facing major challenges in financial markets and monetary policy. This study explores how this crisis has affected five major financial markets in Indonesia: the Rupiah (IDR) interbank money market, the US Dollar (USD) interbank money market, the government bond (SUN) market, the stock market, and the USD/IDR spot market. The method used is desk research that collects data from various relevant literature sources. The results of the study show that interest rate policy has a significant impact on the IDR and USD interbank money markets, while the IDR minimum GWM ratio affects medium-term SUN yields and the stock market sector index. However, the impact of BI's market operations is mostly insignificant. In addition, certain policy measures show an increased impact during the pandemic, especially in the IDR and SUN interbank money markets. This study recommends that the central bank implement a more expansionary monetary policy and consider market behavior that is responsive to pandemic news. A combination of alternative monetary strategies and fiscal actions can improve post-pandemic economic stability
Co-Authors Andrew Samuel Pandiangan Daniel Darel Amadeo