Indonesia’s Balance of Payments until the COVID-19 Pandemic Period

  • Gregorius N. Masdjojo
  • Titiek Suwarti
  • Hardiningsih Pancawati
  • Bambang Sudiyatno
Keywords: Foreign Exchange Reserves, Monetary Approach, International Balance of Payments, Error Correction Model, Pandemic, COVID-19

Abstract

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.

Published
2022-08-19
How to Cite
Masdjojo, G. N., Suwarti, T., Pancawati, H., & Sudiyatno, B. (2022). Indonesia’s Balance of Payments until the COVID-19 Pandemic Period. European Journal of Science, Innovation and Technology, 2(4), 46-59. Retrieved from https://ejsit-journal.com/index.php/ejsit/article/view/123
Issue
Vol. 2 No. 4 (2022)
Section
Research Articles

Copyright (c) 2022 Gregorius N. Masdjojo, Titiek Suwarti, Hardiningsih Pancawati, Bambang Sudiyatno

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This work is licensed under a Creative Commons Attribution 4.0 International License.