The Role of Monetary Instruments to Financial Market in the Pandemic Covid Era
Journal Title: International Journal of Innovation in Management, Economics and Social Sciences - Year 2022, Vol 2, Issue 2
Abstract
Purpose: This paper aimed to analyze the financial market reaction towards monetary instruments during the pandemic covid era. We employ Malaysian data. Methodology: We develop the financial market into three models, namely the interbank money market, bond market, and stock market. We used ordinary least squares as the research methodology. The type of data used is a monthly time series from January 31, 2019, to June 30, 2021. Findings: The study found that the dynamics of monetary policy through policy interest rates and reserve requirements have a significant effect on financial markets in Malaysia, particularly on the interbank money market and bond market. Meanwhile, when it comes to the COVID-19 pandemic, government bond yields are influenced by the implementation of the minimum reserve policy. Originality/Value: We focus on dynamic monetary instruments in Malaysia. The main instruments are the overnight policy rate and reserve requirement ratio. We employ the linkage of covid and monetary instruments as an independent variable to capture the effect of monetary policy in the pandemic covid era.
Authors and Affiliations
Azwardi Azwardi,Sri Andaiyani,
Keywords
Related Articles
- EP ID EP711397
- DOI -
- Views 47
- Downloads 0
Uncertainty analysis of tourism components in Tabriz
Purpose: Predicting the profitability of the tourism industry is always faced with uncertainties. Especially in the last two years, when the global pandemic conditions have added to it. The purpose of this study is to in...
The Relationship between Regulation and Consumer Protection in the Non-Banking Financial Sector: A South African Perspective
Purpose: Since the 2008/09 global financial crisis, financial regulation has become topical. As a result, governments of various economies have since implemented various regulatory reforms with the aim to avoid future cr...
Investigating the dimensions, components and key indicators of supply chain management based on digital technologies
Purpose: Over the past decade, the advent of digital technologies has led to dramatic changes in the nature of business processes, and the introduction of the concept of digital developments has greatly affected various...
Green supply chain network design under uncertainty conditions with the mathematical model and solving it with a NSGA II algorithm
Purpose: In this paper a mathematical model for the green supply chain network problem is designed. In this research, we seek to optimize two inconsistent and conflicting goals of the problem which are as follows: 1.Mini...
Supply Chain Resilience in the Tobacco Industry in Honduras
Purpose: The purpose of this article is to show the factors associated with the resilience of the supply chain in the tobacco industry and their influence on its performance. Methodology: The methodology used was an...