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Muhammad Edhie Purnawan

Muhammad Edhie Purnawan, PhD earned his doctorate degree (PhD) in monetary and financial economics from the Department of Economics, The University of Melbourne, Parkville, Victoria, Australia. He obtained his master degree (MA) majoring in economics from Monash University, Clayton, Victoria, Australia, and bachelor degree in economics (SE) from Universitas Gadjah Mada, Yogyakarta, Indonesia.

He is now serving as executive member at the BSBI (Badan Supervisi Bank Indonesia/Bank Indonesia Supervisory Board), conducting supervision to the Bank Indonesia in Jakarta (head quarter office), supervision to the local BI branches (KPw DN/Kantor Perwakilan BI Dalam Negeri), and supervision to the BI branches overseas (KPw LN/Kantor Perwakilan BI Luar Negeri in London, New York, Singapore, Tokyo, and Beijing). The areas of supervision of BSBI are as follows: (1) finance, (2) operation, (3) investment, (4) governance, and (5) special cases of Bank Indonesia. The supervision is to those five aspects under Board of Governors of Bank Indonesia, also under all of the departments at BI headquarters and BI representative offices. The supervision is to enhance accountability, independency, transparency, and credibility of Bank Indonesia (based on Law the Republic of Indonesia No. 3/2004 on Amendment to Law of the Republic of Indonesia No. 23/1999 about Bank Indonesia).

As the university lecturer at UGM, he has been teaching courses such as Monetary Economics, Financial Economics, Bank and Nonbank Financial Institutions, Mathematical Economics, Statististics for Economics and Business, Econometrics, and the Central Banking courses at undergraduate and/or postgraduate programs at the Faculty of Economics and Business UGM.

Also at UGM, he previously served as the Vice Dean for Research, Community Services, Alumni, and Collaboration. He also previously served as the head of Undergraduate Program in Economics at the Department of Economics, and the head of Macroeconomic Dashboard Research Program, as well as he previously he served as Special Staff to the Rector of UGM for external policy implementation (Rector — Prof. Soedjarwadi, M. Eng., PhD) for four years, especially for creating innovative new networks and collaborations with overseas universities and institutions, with private businesses, with government institutions, with prominent persons, as well as with community surroundings.

At the Bank of Indonesia, he serves as a streering committee (Dewan Pengarah) of KAKBI (Kebijakan Akuntansi Keuangan Bank Indonesia/Bank Indonesia Financial Accounting Policy), a faculty members at BINS (Bank Indonesia Institute), and a member of FRSK (Forum Riset Stabilitas Keuangan/Research Forum on Financial Stability). He has been invited frequently as a speaker at (international) conference/forum especially for the topics of Indonesian macroeconomic outlook, monetary policy, macroprudential policy, exchange rate policy, and CBDC (Central Bank Digital Currency), digital economy/currency, etc related to central banking. One example of his central bank conference presentation is the Central Bank Finance: Central Bank Financial Instruments, Challenges, Prospects, and Accountability — session with the head of IMF Resident Indonesia Representative Office.

In financial practices, he has a position as Independent Commissioner at Tokyo Century Corporation (TCC) — a Jakarta representative branch of multinational company which head quarter is in Tokyo, Japan. As an independent commissioner he is also the head of Audit Committee at TCC Jakarta office. Amongst important scopes of surveillance are on finance, human resources, and approval of new director. Also, in professional practices, he is invited by the Minister of National Development Planning of Indonesia to be a member of FMS (Forum Masyarakat Statistik/Statistics Society Forum) to give recommendation and consideration on statistics to BPS (Badan Pusat Statistics/Statistics Indonesia). The members of FMS comprises of government officials, experts, practitioners, and prominent public figure (based on Law of the Republic of Indonesia No. 16/1997 about Statistics).

In the professional economist organisation, under the Chief of PP ISEI (the Governor of Bank Indonesia), he is the Chief of International Collaboration Affairs with the assignments of making projection of bilateral and multilateral collaboration with international agencies/institutions such as IMF, OECD, WB, ADB, IDB, and ASEAN. He previously was active as a member/secretary to the “Monfinbank” (Monetary, Financial Institutions, and Banking) Focus Group at PP ISEI (Indonesian Economist Association at the head quarter) conducting forum discussions and seminars with bankers, financial institution directors, as well as with financial regulators.

In international forum as a scholar, he has been enthusiastically giving the presentation on the issues in banking, risk management, monetary and macroprudential policy, financial stability, network analytics, and central bank digital currency. Also, he has been serving as a visiting professor at the Osnabrück University of Applied Sciences (Germany) teaching for the subjects of (1) Financial Economics: Theory and Analysis, and (2) Global Economic Framework, and also at Pforzheim University of Applied Sciences (Germany) for the subject of Computer-Aided Financial Analysis: Value at Risk V@R.

He can be reached at emails: edhiepurnawan@ugm.ac.id, edhiepurnawan@yahoo.com, and edhiepurnawan@bsbi.go.id.