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Muhammad Edhie Purnawan








Muhammad Edhie Purnawan, SE, MA, 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.

With the President of Republic of Indonesia’s Decree and inaugurated by the House of Representatives at the Sidang Paripurna DPR RI (Plenery Session), he is now serving as a member of Board of Supervisors at Badan Supervisi Bank Indonesia/BSBI, conducting supervision to the Bank Indonesia in Jakarta, the head quarter, supervision to the local BI, the 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 comprises five aspects: (1) finance, (2) operation, (3) investment, (4) governance, and (5) special cases of Bank Indonesia. The supervision to those five aspects 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 a university lecturer at Department of Economics UGM, he has been teaching courses such as Monetary Economics, Financial Economics, the Central Banking, Bank and Nonbank Financial Institutions, Econometrics, Statistics for Economics and Business, and Mathematical Economics courses at undergraduate and at postgraduate programs and trainings at FEB (Faculty of Economics and Business) UGM.

Also at UGM, he previously served as a vice Dean for Research, Alumni, Community Services, and Collaboration. He also previously served as a head of Undergraduate Program in Economics at Department of Economics, and a Head of Macroeconomic Dashboard Research Program, as well as previously served as a Special Staff to the Rector of UGM (Prof. Soedjarwadi, M. Eng, PhD) with assignments to manage external policy implementation for four year, especially for creating innovative new networks and collaborations with universities (domestic and overseas), private businesses/institution, government/public institution, prominent and high rank persons, as well as with community surroundings.

At Bank Indonesia, he serves as: (1) a Board of Advisor of KAKBI (Dewan Pengarah pada Komite Kebijakan Akuntansi Keuangan Bank Indonesia/Bank Indonesia Financial Accounting Policy Committee), (2) a Faculty Members at BINS (Bank Indonesia Institute), and (3) a member of FRSK (Forum Riset Stabilitas Keuangan/Research Forum on Financial Stability) at Department of Macroprudential Policy at Bank Indonesia; also he has been invited frequently as a speaker at conference/international conference overseas especially with topics, among others: Indonesian macroeconomic outlook, digital banking, monetary policy, macroprudential policy, exchange rate policy, virtual money, and central bank digital currency, digital economy/banking/currency, and other topics related to central banking. An example of his central bank conference presentation is the Central Bank Finance: Central Bank Financial Instruments, Challenges, Prospects, and Accountability-a plenary session with the Head of IMF Representative Resident, Jakarta Office. Also, he deliver the presentation on Digital Banking from the Intelligence Perspectives to the BOD and BOC of state own bank, Bank BRI and others.

In professional 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.

In professional practices, he is invited by the Minister of National Development Planning of the Republic of Indonesia to be a member of FMS (Forum Masyarakat Statistik/Statistics Society Forum) — a Supervisory Institution to the Statistics Indonesia (BPS, Badan Pusat Statistik) giving recommendation and consideration on the improvement quality and accuracy of data/statistics. The members of FMS comprises of government officials, expert staffs, practitioners, and prominent public figure (based on Law of the Republic of Indonesia No. 16/1997 about Statistics).

He previously was the leader for academic team at PPATK (Pusat Pelaporan dan Analisis Transaksi Keuangan (Indonesian Financial Transaction Reports and Analysis Centre) for creating Index of Anti-money Laundering and Index of Antiterrorism Funding.

Furthermore, in leadership professional practices, with Dr. Tanri Abeng and Professor Taruna Ikrar, he is one of the Board of Advisors of Neuroleadership Indonesia, a leadership institution with interdisciplinary science on neurons in brain and the practice of leaderships. This institution is concerned with the demonstration of interconnectedness between various applications of cognitive and affective neuroscience with the theory and practice of leaderships. The effective leaderships utilising brain neuro-system is final destination of the program (

Also, in the professional economist organisation, under the Chief of PP ISEI (Governor of Bank Indonesia), he is the Chief of International Affairs at PP ISEI, with the specific assignments of making projection of bilateral as well as multilateral collaborations with international institutions, such as IMF, OECD, WB, ADB, IDB, and ASEAN, and FAEA. He previously was the secretary and active member to the Monfinbank FG (Monetary, Financial Institutions, and Banking Focus Group) at PP ISEI at the head quarter, conducting forum discussions, seminars, press conference 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. He has been serving as Visiting Lecturer at Harvard University (Harvard Kennedy School, Wexner Building, 3rd Fl, Cl W332), Massachusetts, the US with topic of Indonesian Macroeconomic Update: The Years of Challenges; also he giv Visiting Public Lecture at University of Cambridge (Gates room, 2nd Floor, University Centre, Granta place, Cambridge CB2 0SP) with topic of Indonesia’s Macroeconomic Situation and Central Bank of Indonesia’s Macroprudential Policy, a Visiting Professor at Osnabrück University of Applied Sciences in Osnabrück Germany teaching for the subjects of Financial Economics: Theory and Analysis, and Global Economic Framework. He also has been serving Visiting Professor at Pforzheim University of Applied Sciences in Germany for the subject of Computer-Aided Financial Analysis: Value at Risk V@R.

He is also spending time in an organisation of alumni at Kafegama (Keluarga Alumni Fakultas Ekonomika dan Bisnis) Universitas Gadjah Mada as the Chief of Public Relation, Memberships, and Institution of Pengurus Pusat KAFEGAMA as well as the Head of KAFEGAMA86 (Faculty of Economics and Business UGM alumni — batch of 1986).

Among others, he won:

(a) awards as a Pelajar Teladan (senior high school/SMA se-Jogja),

(b) awards as the best/highest GPA/IPK achiever (bachelor/undergraduate degree),

(c) the scholarship awards/holder from the World Bank (for Master degree),

(d) awards as the AUSAID holder/Australian Government (for PhD degree),

(e) awards as the scholarship holder from the University of Melbourne — Department of Economics (for PhD degree).



He can be reached to these emails:,, and