De-dollarization and deepening money market: The blueprint 2025 case under membership of BRICS
Rosmi, Yanti and Farlha, Rifhana and Moh, Yudi Mahadianto (2026) De-dollarization and deepening money market: The blueprint 2025 case under membership of BRICS. New Applied Studies in Management, Economics & Accounting (NASMEA), 9 (1): 33. pp. 22-41. ISSN 2783-3119
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Abstract
The Indonesian Money Market Development Blueprint 2025 (BPPU 2025) aims to enhance monetary efficiency and stimulate economic growth. This study examines how BRICS cooperation influences Indonesia’s de-dollarization strategy and strengthens its domestic money market, while analyzing macroeconomic impacts. Using quantitative and descriptive inferential methods, it evaluates secondary data from 11 BRICS members, Brazil, Russia, India, China, South Africa, Indonesia, Saudi Arabia, Egypt, Ethiopia, Iran, and the UAE, covering 2021–2024. Indicators include fiscal income, public debt, inflation, interest rates, foreign reserves, exchange rates, FDI, and trade flows, sourced from institutions such as the IMF, World Bank, and BRICS central banks. Statistical tools, descriptive analysis, Pearson correlation, linear regression, and ANOVA, reveal strong correlations among BRICS economies’ financial patterns. Results show fiscal revenue manages inflation more effectively than debt, inflation correlates negatively with reserves, and interest rates closely track inflation. The research concludes that BRICS collaboration can enhance monetary autonomy, stabilize currencies, and reduce dependence on the U.S. dollar, particularly benefiting developing nations like Indonesia.
| Item Type: | Article |
|---|---|
| Subjects: | J Economics and Business > J General Economics J Economics and Business > JA Accounting (General) |
| Divisions: | Fakultas Ekonomi dan Bisnis > Akuntansi |
| Depositing User: | Rosmi Yanti |
| Date Deposited: | 10 Apr 2026 03:33 |
| Last Modified: | 22 May 2026 03:54 |
| URI: | https://eprints.ugj.ac.id/id/eprint/3279 |
