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A Financial Technology Index For Indonesia 2017 - 2020

Author

Listed:
  • Nur Aini

    (Politeknik Statistika STIS, Indonesia)

  • Nasrudin

    (Politeknik Statistika STIS, Indonesia)

Abstract

Financial technology is a type of financial innovation that incorporates technology. Ideally, a composite indices-based measure can be used to track the flow of inancial transactions. Indonesia has no financial technology index due to the inexistent of adequate weighing and time-series data requirement. The purpose of this study is to compose a financial technology index in Indonesia and to analyze the contribution of index forming indicators. We use Generalized Dynamic Principal Component Analysis (GDPCA) method to provide the weight of each indicator. The lender account accumulation and several fintech actors are the most contributed variables in the model

Suggested Citation

  • Nur Aini & Nasrudin, 2023. "A Financial Technology Index For Indonesia 2017 - 2020," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 26(3), pages 491-512, September.
    • Handle: RePEc:idn:journl:v:26:y:2023:i:3e:p:491-512
    DOI: https://doi.org/10.59091/2460-9196.1697
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    More about this item

    Keywords

    Economic digitization; Financial technology; GDPCA; Index;
    All these keywords.

    JEL classification:

    • C18 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Methodolical Issues: General
    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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