International Journal of Economics Development Research (IJEDR)
Vol. 2 No. 3 (2021): International Journal of Economics Development Research (IJEDR)

Covid-19 Pandemic and Foreign Bank Performance in Asia-Pacific

Darynaufal Mulyaman (Universitas Kristen Indonesia, Indonesia)
Farhan Julianto (Indonesian Institute of Advanced International Studies, Indonesia)



Article Info

Publish Date
12 Sep 2021

Abstract

The covid-19 pandemic affects all aspects of human life, including the economy. Investments, transactions, and other financial services got a surprising shock as the effects of the pandemic. However, as time goes by, the pandemic starts to re-normalize turning into a new normal. Even, some countries in the Asia Pacific commencing a new-normal life, like, China, South Korea, and Singapore. Despite the good news, it seems the grassroots is not fully recovered from the shock. Therefore we argue that the positive outlook may not give a lot of positive senses and confidence, hence skepticism in the economy persists, especially in economic growth, despite some aspects, such as international banks or financial institutions in Asia set an optimist target. Further, this paper would like to explain the Behavioral Political Economy perspective and the case of CIMB Group in Indonesia for capturing regional political economy explanation and analyzed the relation of grassroots condition and the target’s positivism post the pandemic, as Indonesia is the second-largest market in the Asia Pacific and CIMB is one of the prominent universal bank groups in ASEAN and beyond.

Copyrights © 2021






Journal Info

Abbrev

ijedr

Publisher

Subject

Economics, Econometrics & Finance Social Sciences

Description

IJEDR focuses on economics, innovation, and investment. Dedicated to enhancing economics development a country, regional and the world in general. IJEDR invites papers on Economics field (Economic growth, Monetary and fiscal policy effect, Innovation practices, Innovation impact, Corporate finance, ...