EKONOMIS : Journal of Economics and Business
Vol 10, No 1 (2026): Maret

Balancing Stability and Growth: The Role of Interest Rates and Deposit Insurance in Shaping Inflation and Economic Resilience in ASEAN

Suhardiono, Suhardiono (Unknown)
Sembel, Roy (Unknown)
Manurung, Adler Haymans (Unknown)



Article Info

Publish Date
05 Mar 2026

Abstract

This study examines the effects of interest rates and deposit insurance agency presence on inflation and GDP growth in ASEAN countries from 2019 to 2023. Using a quantitative approach with linear regression analysis, the findings reveal that higher interest rates are associated with lower inflation, highlighting the effectiveness of monetary policy in managing price stability within the region. Additionally, the existence of deposit insurance agencies positively impacts both inflation and GDP growth. While deposit insurance enhances financial stability and fosters economic growth by boosting public confidence, it may also contribute to inflation through increased consumer and investment activity. These findings suggest that ASEAN policymakers should adopt a balanced approach, combining interest rate adjustments for inflation control with carefully managed financial stability measures to support sustainable growth. This study provides valuable insights into the roles of monetary and financial stability policies, underscoring the importance of an integrated policy framework to achieve economic resilience in emerging markets. Future research could explore the interaction between these policies and other structural factors to develop comprehensive strategies for sustaining growth in the ASEAN region.

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Journal Info

Abbrev

ojsekonomis

Publisher

Subject

Economics, Econometrics & Finance

Description

Ekonomis: Journal of Economics and Business diterbitkan oleh Lembaga Penelitian dan Pengabdian pada Masyarakat Universitas Batanghari Jambi, Jurnal ini mencakup bidang ilmu Ekonomi Manajemen, Ekonomi Pembangunan, Akuntansi dan Bisnis. Ekonomis: Journal of Economics and Business Jurnal ini ...