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Financial Economics

Financial stability in the Indonesian monetary policy analysis

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Article: 2174637 | Received 06 Feb 2022, Accepted 21 Jan 2023, Published online: 15 Feb 2023

Figures & data

Figure 1. Inflation (%) and Interest Rate (%) in Indonesia, 2006Q1-2010Q4.

Source: Bank Indonesia (processed)
Figure 1. Inflation (%) and Interest Rate (%) in Indonesia, 2006Q1-2010Q4.

Figure 2. Inflation (%) and Interest Rate (%) in Indonesia, 2011M1-2018M12.

Source: Bank Indonesia (processed)
Figure 2. Inflation (%) and Interest Rate (%) in Indonesia, 2011M1-2018M12.

Figure 3. Money Supply (Billions of Rp) in Indonesia, 2006M1-2018M12.

Source: Bank Indonesia (processed)
Figure 3. Money Supply (Billions of Rp) in Indonesia, 2006M1-2018M12.

Figure 4. Exchange Rate (IDR/USD) in Indonesia, 2006Q1-2018Q4.

Source: Bank Indonesia (processed)
Figure 4. Exchange Rate (IDR/USD) in Indonesia, 2006Q1-2018Q4.

Figure 5. Bank Indonesia Financial System Stability Index.

Notes: The green area is normal condition while the red one is suspected crisis.
Source: Bank Indonesia (processed)
Figure 5. Bank Indonesia Financial System Stability Index.

Table 1. Descriptive statistics

Table 2. Estimation result of the stationary stochastic process at level

Table 3. Estimation result of the difference stationary process at first difference

Table 4. Estimation result of the long-run model: dependent variable is LAFSI

Table 5. Estimation result of the error correction model: dependent variable is ∆LAFSI