Analysis Of Monetary Policy on Financial System Stability in Indonesia, Thailand, Malaysia, Brunei Darussalam and Singapore

Bardansyah Bardansyah ; Bakhtiar Efendi ; Wahyu Indah Sari
International Journal of Economics, Commerce, and... 📅 2025 Vol 2, No 2 🔗 DOI: 10.62951/ijecm.v2i2.494
Abstract
This study aims to analyze the variable contribution of the interaction of monetary policy variables (COURSE, GDP, INFLATION, CONSUMPTION and INTEREST). This study uses secondary data or time series from the first quarter of 2014 to the first quarter of 2024. The data analysis model in this study is the Structural Vector Autoregression (SVAR) model and sharpened with Impulse Response Function (IRF) and Forecast Error Variance Decomposition (FEVD) analysis. The results of the SVAR analysis show that the past variable (t-1) contributes to the current variable both to itself and other variables and from the estimation results it turns out that there is a reciprocal relationship between variables where all variables, namely monetary policy variables (GDP, INFLATION, CURRENCY, CONSUMPTION and INTEREST) contribute to each other.
Keywords
GDP; Inflation; Exchange Rate; Consumption; Interest Rate
How to Cite

Bardansyah Bardansyah, et al. (2025). Analysis Of Monetary Policy on Financial System Stability in Indonesia, Thailand, Malaysia, Brunei Darussalam and Singapore. International Journal of Economics, Commerce, and Management, 2(2). https://doi.org/10.62951/ijecm.v2i2.494

Bardansyah Bardansyah; Bakhtiar Efendi; Wahyu Indah Sari, "Analysis Of Monetary Policy on Financial System Stability in Indonesia, Thailand, Malaysia, Brunei Darussalam and Singapore," International Journal of Economics, Commerce, and Management, vol. 2, no. 2, 2025.

Bardansyah Bardansyah; Bakhtiar Efendi; Wahyu Indah Sari. "Analysis Of Monetary Policy on Financial System Stability in Indonesia, Thailand, Malaysia, Brunei Darussalam and Singapore." International Journal of Economics, Commerce, and Management, vol. 2, no. 2, 2025.

Bardansyah Bardansyah; Bakhtiar Efendi; Wahyu Indah Sari. "Analysis Of Monetary Policy on Financial System Stability in Indonesia, Thailand, Malaysia, Brunei Darussalam and Singapore." International Journal of Economics, Commerce, and Management 2, no. 2 (2025).

Bardansyah Bardansyah, et al. (2025) 'Analysis Of Monetary Policy on Financial System Stability in Indonesia, Thailand, Malaysia, Brunei Darussalam and Singapore', International Journal of Economics, Commerce, and Management, 2(2). doi: 10.62951/ijecm.v2i2.494.

Bardansyah Bardansyah; Bakhtiar Efendi; Wahyu Indah Sari. Analysis Of Monetary Policy on Financial System Stability in Indonesia, Thailand, Malaysia, Brunei Darussalam and Singapore. International Journal of Economics, Commerce, and Management. 2025;2(2).

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