货币政策传导与信用卡：来自印尼的证据

Q2 Economics, Econometrics and Finance

Buletin Ekonomi Moneter dan Perbankan Pub Date : 2019-07-31 DOI:10.21098/bemp.v22i2.1039

K. Prabheesh, R. Rahman

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引用次数: 16

摘要

本文以印度尼西亚为背景，实证检验了信用卡与货币政策的动态关系。利用2006年至2018年的月度数据和结构向量自回归模型，我们的研究结果表明，信用卡的使用主要是由印度尼西亚过去十年的快速经济增长驱动的，这确实反映了信用卡在消费平滑中的作用。研究还发现，通过贷款渠道的货币政策传导较弱，汇率和全球油价在传导过程中发挥了更为普遍的作用。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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MONETARY POLICY TRANSMISSION AND CREDIT CARDS: EVIDENCE FROM INDONESIA

This paper empirically tests the dynamics of credit cards and monetary policy in thecontext of Indonesia. Using monthly data from 2006 to 2018 and a structural vectorautoregressive model, our findings indicate that credit card usage is mainly drivenby Indonesia’s fast economic growth over the last decade, which indeed reflects therole of credit cards in consumption smoothing. The study also finds that monetarypolicy transmission through the lending channel is weak, with a more prevalent rolefor exchange rates and global oil prices in the transmission process.

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来源期刊

Buletin Ekonomi Moneter dan Perbankan Economics, Econometrics and Finance-Finance

CiteScore

2.20

自引率

0.00%

发文量

审稿时长

5 weeks