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Ade Bani Riyan
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Economics Monetary Journal
Published by Asosiasi Persatuan Pengusaha Muda Teknik Informatika
ISSN : 31090338     EISSN : 31090338     DOI : 10.64910
Core Subject : Economy,
Economics, Econometrics & Finance
Economics Monetary Journal is a double-blind peer-reviewed academic journal with open access, Economics Monetary Journal that aims to publish original research and critical analysis in the field of economics and monetary studies, The journal provides a platform for researchers, academics, policymakers, and practitioners to contribute to the advancement of economic knowledge and the formulation of effective monetary policies. The scope of the journal includes, but is not limited to: Monetary economics and central banking International economics and global financial systems Economic modeling and econometric
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekonomi, Ekonometrika dan Keuangan (Lain-Lain)
Articles 5 Documents
 1 
Search results for , issue "Vol. 1 No. 1 (2025): Economics Monetary Journal" : 5 Documents clear
The Impact of Global Interest Rate Policy on Exchange Rate Stability in Developing Countries: A Case Study of Indonesia Falah, Zidnal; Hardianto, Feri
Economics Monetary Journal Vol. 1 No. 1 (2025): Economics Monetary Journal
Publisher : Asosiasi Persatuan Pengusaha Muda Teknik Informatika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.64910/ecmont.v1i1.2

Abstract

Global interest rate policies, especially those implemented by the Fed and the European Central Bank (ECB), have a significant impact on exchange rate stability in developing countries, including Indonesia. Changes in interest rates in developed countries can trigger capital outflows that weaken the rupiah exchange rate, putting pressure on national economic stability. This study aims to analyze the impact of global interest rate policy on rupiah exchange rate stability in Indonesia and assess the role of domestic monetary policy implemented by Bank Indonesia in maintaining such stability. The method used is multiple linear regression to measure the influence of the Fed, ECB, and BI Rate interest rates on the Rupiah exchange rate, as well as the Granger Causality test to explore the causal relationship between these variables. The results show that the Fed and ECB interest rate hikes each cause significant depreciation of the Rupiah, while the increase in the BI Rate is able to stabilize the exchange rate in the short term. The Granger Causality test also shows a causal relationship between global interest rate hikes and the weakening of the rupiah. This study provides empirical evidence that global interest rate policy affects exchange rate stability in Indonesia, and domestic monetary policy plays an important role in mitigating these external impacts
Analysis of Post-Pandemic Quantitative Easing Policy and Its Impact on the Global Economy Syafii, Akhmad; Atmoko, Dwi
Economics Monetary Journal Vol. 1 No. 1 (2025): Economics Monetary Journal
Publisher : Asosiasi Persatuan Pengusaha Muda Teknik Informatika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.64910/ecmont.v1i1.3

Abstract

Quantitative easing (QE) policy has been central banks' main strategy to deal with the economic impact of the COVID-19 pandemic. This study aims to analyze the impact of post-pandemic QE on inflation, financial stability, and global economic growth. The method used was secondary data analysis from central bank reports, international financial institutions, and academic publications, with a research period between 2018 and 2023. The results showed that QE policies contributed significantly to the increase in inflation, with a positive correlation between the amount of assets purchased by the central bank and the inflation rate. In addition, QE also plays a role in stimulating economic growth, albeit on a more moderate scale. This research contributes for policymakers to formulate appropriate monetary strategies to maintain global economic stability without triggering a surge in inflation.
The Role of Digital Financial Inclusion in Improving Payment System Efficiency in Developing Countries Ferdiansyah, Rudi; Ridzki, Mohamad Maulana
Economics Monetary Journal Vol. 1 No. 1 (2025): Economics Monetary Journal
Publisher : Asosiasi Persatuan Pengusaha Muda Teknik Informatika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.64910/ecmont.v1i1.4

Abstract

Digital financial inclusion has become one of the important strategies in improving the efficiency of payment systems, especially in developing countries. With increasingly widespread access to digital financial services such as mobile money, e-wallets, and digital payment apps, developing countries have great potential to expand access to financial services and reduce dependence on cash. This study aims to analyze the role of digital financial inclusion in improving the efficiency of payment systems in developing countries. The method used is multiple linear regression analysis, which examines the relationship between digital financial inclusion and payment efficiency through variables such as the percentage of users of digital financial services, people's access to these services, and the number of electronic transactions per capita. The results show that digital financial inclusion has a significant influence on improving payment efficiency, characterized by a decrease in transaction costs and shorter time in the payment process. In addition, it was found that digital infrastructure and digital financial literacy are still challenges that need to be overcome to achieve optimal financial inclusion benefits. This research contributes as suggestion for government policies and investments in digital infrastructure are essential to maximize the role of digital financial inclusion in payment systems
Fiscal and Monetary Policies in Tackling Inflation Amid Rising Global Energy Prices Komarudin; Sugiartini, Pegi
Economics Monetary Journal Vol. 1 No. 1 (2025): Economics Monetary Journal
Publisher : Asosiasi Persatuan Pengusaha Muda Teknik Informatika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.64910/ecmont.v1i1.5

Abstract

Inflation is a major challenge faced by many countries, especially amid rising global energy prices. This increase has the potential to disrupt people's purchasing power and economic stability. This study aims to explore the effectiveness of fiscal and monetary policies in dealing with inflation triggered by fluctuations in energy prices. The study used a mixed approach with quantitative analysis through multiple linear regression on secondary data from three countries (Indonesia, Brazil, Germany) and in-depth interviews with 12 economists to obtain a qualitative perspective. The results of the analysis show that energy prices have a significant impact on inflation (b3 = 0.75, p < 0.001), and fiscal policies, such as subsidies, can ease the burden of inflation. Coordination between fiscal and monetary policies has proven crucial to achieve economic stability. It was found that 75% of respondents agreed that policy integration can increase effectiveness in tackling inflation. The study concludes that a synergistic approach between fiscal and monetary policy is urgently needed to confront complex inflation challenges amid energy market uncertainty. This research contributes by providing a comprehensive framework for integrating fiscal and monetary policies to effectively manage inflation driven by rising global energy prices.
The Impact of Commodity Market Volatility on Monetary Policy in Indonesia: A Global Perspective Nabila, Maulina; Widianingsih
Economics Monetary Journal Vol. 1 No. 1 (2025): Economics Monetary Journal
Publisher : Asosiasi Persatuan Pengusaha Muda Teknik Informatika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.64910/ecmont.v1i1.7

Abstract

Commodity market volatility has been a significant challenge for monetary policy in many countries, including Indonesia. The increase in commodity prices, especially oil and foodstuffs, has the potential to affect inflation and people's purchasing power. This study aims to analyze the impact of commodity market volatility on monetary policy in Indonesia and understand the policy response taken by Bank Indonesia in dealing with these fluctuations. The methods used in this study include multiple regression analysis to measure the relationship between commodity price volatility and inflation, as well as a Vector Autoregression (VAR) model to evaluate the interest rate policy response. The results show that commodity price volatility has a significant positive impact on inflation in Indonesia, with each increase in price volatility contributing to an increase in inflation. In addition, Bank Indonesia needs to respond proactively through interest rate adjustments to maintain economic stability. This research contributes important insights for policymakers on the importance of monitoring global commodity markets and developing diversification strategies to mitigate negative impacts on the domestic economy.

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