Indonesia’s Balance of Payments until the COVID-19 Pandemic Period
This research uses a monetary approach with an error correction model in analyzing the Balance of Payments (BOP) from 1990 until the COVID-19 pandemic in Indonesia. From the results of data analysis, it is known that all variables of the monetary approach have a strong effect on the change of BOP in Indonesia with the except interest rates and price levels. During the COVID-19 period Indonesian foreign exchange reserves tended to increase at the end of 2020. Its value was above international adequacy standards.
Copyright (c) 2022 Gregorius N. Masdjojo, Titiek Suwarti, Hardiningsih Pancawati, Bambang Sudiyatno
This work is licensed under a Creative Commons Attribution 4.0 International License.