Aims and Scope
The Bulletin of Monetary Economics and Banking/Buletin Ekonomi Moneter dan Perbankan is an international peer-reviewed journal. This is a quarterly journal, published firstly on June 1998.
The journal focus on monetary economics, banking, macro-prudential, payment systems, financial stability, and policy coordination. This journal also cover financial sector and general economics, particularly articles or papers with high monetary policy implications.
In practice the Editorial Board, dedicated reviewers can help the authors to find appropriate research angle to suit the publication scope. This way, we believe the Bulletin of Monetary Economics and Banking/Buletin Ekonomi Moneter dan Perbankan will serve as a good platform to disseminate original and high quality research in the field of monetary and finance, and economics in general.
Peer Review Process
The Bulletin of Monetary Economics and Banking/Buletin Ekonomi Moneter dan Perbankan employs double blind reviewing. With a double‐blind review the identity of the authors is masked during the review process. Both the authors and the reviewers are unaware of each other's identity. This type of review has been popularly endorsed by many authors since much fairer method of assessment as compared to the single blind review.
This method is available in the Online Journal System (OJS). Once an author submits a manuscript through the online submission process, it is automatically logged in and checked to make sure that the submission is complete and has been prepared according to the OJS submission instructions. At this time a receipt of manuscript acknowledgement is sent to the author to let them know that their manuscript has been received.
All manuscripts submitted for publication in BMEB/BEMP are firstly evaluated by Managing Editor, either individually or in consultation with the Editorial Board member to assess its suitability for the journal according to the guidelines determined by the editorial policy. This is an important step to ensure that (1) the content falls within the scope of the journal. Manuscripts which fall outside the aims and scope of the journal are rejected or may be wanted some revisions at this initial point, (2) the manuscript follows editorial policy and procedural guidelines, (3) that it does not contain an unacceptable level of overlap with manuscripts that are already in press. At this stage, (4) the quality of the manuscript is also subject to evaluation. Any manuscript fail to meet the minimum standard required for consideration will also be rejected (for instance a manuscript with econometric estimation without robustness test).
While manuscripts can be rejected without involving additional reviewers, they cannot be accepted for publication without additional review. So if a manuscript is not rejected when first received, it is then sent out for review to a minimum of two additional reviewers who are part of the journal's cadre of reviewers.
Reviewers are asked to evaluate the manuscript's originality, the research design and data, the scope and the depth of analysis, the critical qualities, the clarity of conclusions, the quality of communication, the academic contribution, and contribution for Bank Indonesia policy. All reviewers use the standardized form of checklist all of these considerations.
We take reviewers' criticisms seriously; in particular, we are very reluctant to disregard technical criticisms. We may consult the other reviewers as to whether s/he is applying an unduly critical standard. We occasionally bring in additional reviewers in the case where one reviewer alone opposes publication.
Referees may conclude either to accept the manuscript, to reject, or to require a revision for the manuscript. The reviewers return their recommendations and reports to the editor (via email or via the OJS). The Managing Editor will assess the reviewer’s evaluation collectively, and then makes a decision either individually or in consultation with other editors. As noted earlier, reviewers are encourage to recommend a particular course of action, with a consideration that other reviewers of a same manuscript may have different technical expertise and/or views. If this is the case, then the editors will make a decision based on conflicting advices.
Any manuscript rejected by reviewers will be rejected by the editor. Otherwise the editor will decide either (i) to decline the manuscript, (ii) to request revision, (iii) and to accept manuscript.
The last type of acceptance decision is rare, and never in practice since the establishment of this journal. For pending accepted manuscripts which require further revision, the authors must submit a revised manuscript that will go through all or some of the stages above. A successful manuscript with satisfactorily revision will be accepted and put into the production process to be prepared for publication. The actual processes are elaborate and involve a number of people and alternative procedures, and therefore substantial time to complete.
ACCESS TO THE LITERATURE
There is a case when reviewer needs to access certain literature to evaluate particular manuscript. Under these circumstances, the reviewer should send the publication reference of the paper they need to the editor, then the editor will obtain the paper, paying any necessary fees, and send it to the reviewer.
The standardized form of evaluation is available and free to access. We emphasize that setting out the arguments for and against publication is much more helpful to the editors than a short direct recommendation. When reviewers agree to evaluate particular paper, we consider this a commitment to review subsequent revisions. Editors however, will not send a resubmitted paper back to the reviewers if the authors have not made a serious effort to revise the requirement of reviewers.
Bank Indonesia is aware that that the course of reviewing is a reflection of academic responsibility of the reviewer. However, Bank Indonesia provides financial incentive for the reviewer to evaluate certain manuscript.
BMEB/BEMP publishes 4 issues:
Open Access Policy
This journal provides immediate open access to its content on the principle that making research freely available to the public supports a greater global exchange of knowledge.
Sources of Support
The vision of the Journal of Monetary Economics and Banking / Buletin Ekonomi Moneter dan Perbankan is: "To be the most prominent journal for policy makers, academician, and practitioners".
The Bulletin was first published in July 1998 in printed version in Bahasa, then later on published using two languages, i.e. English and Bahasa (bilingual). In 2015, Bulletin of Monetary Economics and Banking / Buletin Ekonomi Moneter dan Perbankan launched electronic journal (e-journal).
The Bulletin of Monetary Economics and Banking / Buletin Ekonomi Moneter dan Perbankan is accredited by The Ministry of Education of the Republic of Indonesia in 2011. The Bulletin is indexed in DOAJ, Crossref, ACI, Google Scholar, SINTA, and ISJD.