Affiliation:
1. Post Doctoral of National Research and Innovation Agency
2. National Research and Innovation Agency
3. Universitas Airlangga
4. STIE Ottow and Geissler
Abstract
Abstract
The Covid-19 pandemic has mutated with various types, we need a model for detect financial turbulence, heavy economic pressures in the form of financial instability and slowing economic growth in Indonesia. The collecting financial data process was obtained during the Covid 19 Pandemic from Bank Indonesia reports 2019 to 2022. Data processing used the Ed Waves Index the development model, which describes the financial cycle wave movement as a reaction form to the Covid-19 pandemic pressures in Indonesia, The study results found that there are three concepts of financial turbulency, first, the Covid-19 Pandemic Pressure (CPP19) which increases, the financial cycle moves negatively by -0.020 Amplitude. Second, the Covid-19 Pandemic Pressure (CPP19) is neutral, the financial cycle moves negatively by -0.009 Amplitude. Third, the decreasing the Covid-19 pandemic pressure (CPP19), the financial cycle moving positively by 0.022 Amplitude, all techniques have an impact on financial stability and economic growth in Indonesia.
JEL Classification: E32, E52, E58
Publisher
Research Square Platform LLC
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