International Journal of Science and Research (IJSR)

International Journal of Science and Research (IJSR)
Call for Papers | Fully Refereed | Open Access | Double Blind Peer Reviewed

ISSN: 2319-7064


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Research Paper | Economics | Indonesia | Volume 8 Issue 3, March 2019


Financial Deepening and Implication for Financial Policy Coordination: The Case of Indonesia and Other Country in Asean (2000-2018)

Ajeng Faizah Nijma Ilma | Lukman Hakim | Siti Aisyah Tri Rahayu


Abstract: The main purpose of this research is to investigate the relation of trade openness, inflation, interest rate, exchange rate and HHI (Herfindahl-Hirschman Index) towards financial deepening such in ASEAN and to know how theoretical link between the independent variables and dependent variable. The measurement of financial deepening used in this study is the ratio of M2 / GDP of each country. The analysis uses panel data with random effect method to find the influence factor of financial deepening in ASEAN. The results showed that the variables of trade openness, inflation, foreign direct investment, interest rate and HHI have a significant effect on financial deepening. Key words: data panel, ASEAN, financial deepening, trade openness, inflation, interest rate, exchange rate, HHI


Keywords: data panel, ASEAN, financial deepening, trade openness, inflation, interest rate, exchange rate, HHI


Edition: Volume 8 Issue 3, March 2019,


Pages: 459 - 463


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How to Cite this Article?

Ajeng Faizah Nijma Ilma, Lukman Hakim, Siti Aisyah Tri Rahayu, "Financial Deepening and Implication for Financial Policy Coordination: The Case of Indonesia and Other Country in Asean (2000-2018)", International Journal of Science and Research (IJSR), Volume 8 Issue 3, March 2019, pp. 459-463, https://www.ijsr.net/get_abstract.php?paper_id=ART20193499

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