Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/238555 
Year of Publication: 
2020
Series/Report no.: 
ADBI Working Paper Series No. 1198
Publisher: 
Asian Development Bank Institute (ADBI), Tokyo
Abstract: 
This paper is based on a study that examines the impact of the Covid-19 pandemic on Indonesia's financial markets and monetary policy dynamics. The study explores five types of financial market in Indonesia: (1) the Indonesian rupiah (IDR) interbank money market; (2) the US Dollar (USD) interbank money market; (3) government conventional bond (SUN) markets; (4) the stock market; and (5) the USD/IDR spot market. It examines Bank Indonesia's (BI) three types of monetary policy instrument: (1) BI seven-day reverse repo rate; (2) minimum reserve requirement ratios; and (3) BI's monetary operations. The study finds that the Covid-19 pandemic causes different impacts of particular monetary policy instruments on Indonesia's financial markets during the pandemic compared to those in the non-pandemic period.
Subjects: 
Covid-19
monetary policy
Indonesia's financial markets
Bank Indonesia
JEL: 
E58
G10
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Working Paper

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