Sugandi, Eric Alexander
Author
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The COVID-19 pandemic has had different impacts on various monetary policy instruments in Indonesia.
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While the ultimate resolution of COVID-19 may lead to a market correction as uncertainty declines, there may be some permanent effects on financial markets and capital flows.
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The ASEAN-5 + 3 multilateral monetary policy coordination is the best feasible policy option for all the ASEAN-5 + 3 countries.
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Cash demand tends to grow with a decline in the policy rates and with an advancement of aging.
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Asia and the Pacific region faced an outflow of portfolio investment during the start of the global financial crisis and a new wave of cross-border portfolio inflows after the cris.