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Dhany Efita Sari
Universitas Muhammadiyah Surakarta
Religion Humanities Economics, Econometrics & Finance Education Engineering Environmental Science Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Library & Information Science Public Health Social Sciences Other

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Journal : Jurnal Pendidikan Ekonomi (JURKAMI)

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PENGUKURAN INDEPENDENSI BANK INDONESIA SELAMA COVID-19 Inda Fresti Puspitasari; Dhany Efita Sari; Siti Masitoh
Jurnal Pendidikan Ekonomi (JURKAMI) Vol 8, No 1 (2023): JURKAMI
Publisher : STKIP Persada Khatulistiwa Sintang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31932/jpe.v8i1.2247

Abstract

Central bank independence in Indonesia has been regulated in UU No. 33 Year 2004 concerning amendements to UU No. 23 Year 2009 concerning Bank Indonesia. However, the central bank often got intervention in formulating its policies. During the pandemic covid-19 crisis, there were several attempts to intervene Bank Indonesia, such as the idea to form a Monetary Council, suggestions to allow BI Governors from politicians, and Perppu No. 1 Year 2020 which is allow BI to bought SUN in the primary market. Therefore, this study aims to measure the independence index of the central bank in Indonesia during 2007-2020 using the measurement method developed by Cukierman et al. (1994) to analyze the independence of Bank Indonesia during the covid-19 pandemic. The result of this study proves that BI independence index during the pandemic has decreased when compared to the pre-pandemic period. This study also proves that Bank Indonesia still needs to maintain its independence from all political attention, so its accountability and credibility of the monetary policy still can assured
Co-Authors - Susilaningsih ., Susilaningsih Ahmad, Noor Lela Ambarwati Anggun Ella Indriyani Aprilya Wulansari Ayu Annisa Gharini Baswara, Satsya Yoga Bekti, Rahayuning Dyah Dwi Bunga Amanda Elvia Ivada Febriyan, Rahmad Habil Azhar Hendawan Hanifa Adityarahma Ijah Mulyani Sihotang Inda Fresti Puspitasari Joko Suwandi Jonathan Camana Gano-an Kurniawan Ari Saputro Maharani Pamungkas Siwi Masithoh, Dewi MIFTAKHUL JANNAH Mohammad Chairil Asmawan Muhammad Ali Imran Muhammad Fahmi Johan Syah Muhtadi Muhtadi Mustofa, Rochman Hadi Nia Istiana Rahayuning Dyah Dwi Bekti Rahmad Febriyan Ramlee Musthapa Rochman Hadi Mustofa Sabar Narimo Sarun, Anuar Seli Fatmahwati Seli Fatmahwati Septi Anggraini Septian Hendra Wijaya Sigit Santoso SITI MAHMUDAH Siti Mahmudah Siti Masitoh Siwi, Maharani Pamungkas Suparti Suparti Suranto Suranto Suranto Surya Jatmika Suyatmini Suyatmini Titik Ulfatun Tri Nur Wahyudi Vinna Idamatus Silmi Wafrotur Rohmah Wulansari, Aprilya Yovi Annang Setiyawan