文章基本信息

标题：FINANCIAL DEREGULATION AND DEMAND FOR MONEY IN INDONESIA
本地全文：下载
作者：Iskandar Simorangkir
期刊名称：Bulletin Ekonomi Moneter dan Perbankan
印刷版ISSN：1410-8046
电子版ISSN：2460-9196
出版年度：2002
卷号：5
期号：1
页码：1-17
DOI：10.21098/bemp.v5i1.302
出版社：Bank Indonesia
摘要：A stable money demand plays important role to conduct monetary policy as it enables a policy-driven change monetary aggregates to have predictable influences on output, interest rate and price. However, financial deregulation and financial innovation lead to break relationship between money demand, income and interest rate. This paper examines the factors underlying financial deregulation and investigates the implications of such deregulation to money demand stability in Indonesia. The findings show that the relationship between money demand and income is still stable, even though the relationship tends to be lessened. Money demand instability resulted from financial deregulation was transitory and did not have permanent effect.