Journal of Social Research
Vol. 3 No. 2 (2024): Journal of Social Research

Deepening The Role of Macroprudential Policy on Capital Outflows in Indonesia

Utami, Eka Febrianti (Unknown)
Wilantari, Regina Niken (Unknown)
Priyono, Teguh Hadi (Unknown)

Article Info

Publish Date
29 Jan 2024

Abstract

Foreign capital flows to EMEs have increased significantly since 2004. After falling sharply in 2008 due to the global crisis, foreign capital flows then increased sharply until 2013 and declined thereafter due to the influence of Fed tapering policy. The results of VECM testing on sample data 2013.Q1 - 2021.Q1 in Indonesia show that there is indeed an influence of macroprudential policy. The nature of macroprudential policy on capital outflows is only a buffer policy, so a combination of other economic mix policies is needed. The right policy forms can be in the form of triple intervention policy in the spot market, domestic non-deliverable forward (DNDF) market and SBN purchases from the secondary market.

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Journal Info
Journal of Social Research
Website

Abbrev

ijsr

Publisher

CV. International Journal Labs

Subject

Humanities Computer Science & IT Economics, Econometrics & Finance Education Social Sciences

Description

The Journal of Social Research is a double blind peer-reviewed academic journal and open access to social and scientific fields. The journal is published monthly by International Journal Labs. The Journal of Social Research provides a means for sustained discussion of relevant issues that fall ...