文章基本信息

标题：The Role of Monetary Instruments toward Financial Markets in the Pandemic Covid Era
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作者：Azwardi Azwardi ; Sri Andaiyani
期刊名称：International Journal of Innovation in Management, Economics and Social Sciences
电子版ISSN：2783-2678
出版年度：2022
卷号：2
期号：2
DOI：10.52547/ijimes.2.2.51
语种：English
出版社：ISNet
摘要：Purpose: This study aims to analyze the financial market reaction toward monetary policy during the pandemic covid-19 era by using a sample of Malaysian data. In general, we develop the financial market into three models, namely the interbank money market, bond market, and stock market. Methodology: We used ordinary least squares as the research methodology. Findings: he study found that the dynamics of monetary policy through policy interest rates and reserve requirements have a significant effect on financial markets in Malaysia, particularly on the interbank money market and bond market. Meanwhile, when it comes to the COVID-19 pandemic, government bond yields are influenced by the implementation of the minimum statutory reserve policy. Originality/Value: This paper investigate the role of monetary instruments toward financial markets in the pandemic Covid Era in Indonesia.