relation: https://digilib.uin-suka.ac.id/id/eprint/41882/
title: THE EFFECTIVENESS OF MACROPRUDENTIAL POLICIES IN MITIGATING THE SYSTEMIC RISK IN INDONESIA
creator: MUH. IMADUDDIN AKBAR, NIM. 16810061
subject: Ekonomi Syariah
description: Indonesia experienced two financial crisis, in 1998 and 2008. Mostly, crisis triggered by the imprudent managing in financial sector. The imprudent policy has a bigger potency in speed up the build-up of systemic risk. Thus, the experts collaborated with the policymakers attemps to construct the policy that effectively to minimize the systemic risk, including the macroprudential policy. This instruments have implemented in many countries, while with the different system in each country.  This study aims to investigate the effectiveness of macroprudential policies in mitigating the systemic risk in Indonesia. It used quantitative descprictive analysis with the Vector Error Correction Model (VECM). It imphasize on the impact of two macroprudential instruments applied in Indonesia; Macroprudential Liquidity Buffer (MLB) and Countercyclical Capital Buffer (CCyB) on credit growth for conventional banks and financing growth for Sharia banks. This study used monthly data over the periods M12010-M102019 that obtained from Bank Indonesia’s (BI) website (www.bi.go.di) and data published monthly by Financial Service Authority (FSA); Indonesia Bank Statistic and Sharia Bank Statistic.  The results show that MLB has a positive significant impact on credit growth, while in the financing growth MLB has a negative impact. Otherwhise, CCyB shows the opposite results. CCyB has a negative impact on credit growth, while in the Sharia bank, CCyB has a positive impact. Hence, we can conclude that MLB is effective in mitigating the systemic risk in Sharia bank, while CCyB is effective in mitigating the systemic risk on conventional bank.
date: 2020-01-27
type: Thesis
type: NonPeerReviewed
format: text
language: en
identifier: https://digilib.uin-suka.ac.id/id/eprint/41882/1/16810061_BAB%20I_BAB_TERAKHIR_DAFTAR%20PUSTAKA.pdf
format: text
language: en
identifier: https://digilib.uin-suka.ac.id/id/eprint/41882/2/16810061_BAB%20II_S.D_SEBELUM_BAB_TERAKHIR.pdf
identifier:   MUH. IMADUDDIN AKBAR, NIM. 16810061  (2020) THE EFFECTIVENESS OF MACROPRUDENTIAL POLICIES IN MITIGATING THE SYSTEMIC RISK IN INDONESIA.  Skripsi thesis, UIN SUNAN KALIJAGA YOGYAKARTA.