The policy of promoting development in the reform era of human development paradigm that puts people as actors and placing local economic development as a vehicle for community welfare. However, government policy as outlined in the budget form precisely the opposite direction to the proper role...

Sejak Bank Sentral (BI) menerapkan Inflation Targeting Framework untuk kebijakan moneternya sejak 2005, hasil Rapat Dewan Gubernur BI tentang besaran suku bunga acuannya (BI rate) selalu dinantikan oleh para investor. Tulisan ini bertujuan untuk mengukur volatilitas di pasar keuangan yang...

Per Agustus 2016 mendatang, suku bunga acuan kebijakan moneter akan berganti menjadi BI 7-day (Reverse) Repo Rate, menggantikan BI rate yang dianggap tidak lagi efektif mempengaruhi suku bunga pasar uang. Transmisi kebijakan moneter tersebut terhadap suku bunga perbankan, seperti suku bunga...

This paper aims to examine the main points of the emergence of controversies regarding digital currencies. By using secondary data and qualitative-descriptive analysis, it was found that digital currency cannot replace the function of money as a medium of exchange, a store of value, and a unit...

The government overall budget (actual budget balance) is a one of indicators that could reveal the fiscal policies position responding to different economic situations. This indicator suggests that fiscal policy has been tightened or loosened, and in turn, reflects the impact of government...

The government overall budget (actual budget balance) is a one of indicators that could reveal the fiscal policies position responding to different economic situations. This indicator suggests that fiscal policy has been tightened or loosened, and in turn, reflects the impact of government...

The research objectives are to examine and determine the cyclicality of fiscal policy in Indonesia, based on the response of government revenue, government spending and budget balance to the economic cycles. In addition, this research also aims to determine cyclicality of automatic stabilizers...

The development policy in Indonesia to implement the human development paradigm should be able to put people as actors and regional economic development as a vehicle for the public welfare. However, the government's policy as outlined in the budget form precisely the opposite direction to a...

Barangkali di benak semua orang Indonesia, krisis moneter 1998 dan krisis keuangan 2008 merupakan dua episode krisis yang paling diingat. Tidak hanya di sektor ekonomi dan keuangan, dua periode krisis tersebut juga diwarnai keterkaitan dengan kejadian politik yang sepertinya lebih menyebabkan...

This paper aims to describe the various constituents in financial innovation through a review of the financial innovation literature. Therefore, the approach used in this paper refers to a typical approach to the financial innovation literature that focuses on: (i) conception of financial...