How do macroeconomic variables and financial inclusion affect financial stability in Indonesia?
Firdha Aksari Anindyntha,
Muhammad Khoirul Fuddin
Abstract:Financial stability is a crucial indicator of the financial sector's health, reflecting the system's resilience or vulnerability to crises. This study investigates the impact of macroeconomic variables and financial inclusion on financial stability in Indonesia, utilizing quarterly data from the first quarter of 2012 to the fourth quarter of 2021. Employing the Vector Error Correction Model (VECM), the research examines the influences of these factors in both the short and long term. The findings reveal that m… Show more
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