The COVID-19 pandemic has already made a significant impact on various sectors. No country was fully prepared to face this global pandemic, and Indonesia is no exception. For Indonesia, this pandemic shook not only the public health service system but also the economy. This study makes...

In this study, the DCC-MIDAS approach and its extension are adopted to reveal the long-run correlations among Chinese currency and those of ASEAN countries, and the role of RMB internationalization in driving the movements of the long-run currency correlations. The findings show that: (1)...