Tendensi Forward Looking Behavior Dalam Kredibilitas Bank Indonesia

Suwondo, Juwita P.R.; Kusumowati, Dewi; Abdullah, Fatima

doi:10.26905/jrei.v1i2.5436

Cited by 3 publications

(4 citation statements)

References 4 publications

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“…The VAR test is conducted through a series of stages. Initially, a Granger causality test is performed to examine the presence of reciprocal relationships among the variables in the model [30]. Subsequently, a cointegration test, specifically the Johansen Cointegration Test, is conducted to determine whether the variables in the model are integrated or not.…”

Section: Historical Variance Decompositionmentioning

confidence: 99%

Is Islamic Monetary System Possible in Indonesia? Interrelation Study between BI 7 Days Reverse Repo Rate and Nisbah Rate

Aswad,

Purnami,

Pratama

et al. 2024

suhuf

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The purpose of this study is to investigate the interrelationship between Bank Indonesia 7 Days Reverse Repo Rate (BI 7 DRRR) and Profit-Loss Sharing Rate (Nisbah Rate) in Islamic Sharia Banks (Bank Syariah Indonesia). Indonesia had been establishing conventional monetary system ever since and have yet to introduce Islamic approach to its monetary system. Now, in Islamic monetary perspective, interest rate doesn’t exist. Therefore, this research aimed to discover the possibility of Islamic approach in Indonesia’s monetary system, using Nisbah Rate launched by Islamic Sharia Banks as a substitution. The research was conducted using VAR (Vector Autoregression) to study the interrelationship between BI 7 Days Reverse Repo Rate and Nisbah Rate, using data obtained from Islamic Banking Statistics through Indonesia’s Financial Service Authority (OJK) monthly during 2021-2023. The result showed that both BI 7 Days Reverse Repo Rate and Nisbah Rate did cause impact on one another, and thus the possibility of establishing Islamic monetary system is not completely disregarded. This investigation contributes to the ongoing discourse surrounding the integration of Islamic financial principles into conventional monetary frameworks. By highlighting the reciprocal influence between conventional monetary policies and Islamic financial instruments, this study underscores the potential for a hybrid monetary system that accommodates Islamic principles within the Indonesian financial landscape.

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Section: Historical Variance Decompositionmentioning

confidence: 99%

Is Islamic Monetary System Possible in Indonesia? Interrelation Study between BI 7 Days Reverse Repo Rate and Nisbah Rate

Aswad,

Purnami,

Pratama

et al. 2024

suhuf

View full text Add to dashboard Cite

show abstract

“…Stabilitas moneter dalam negeri, khususnya Indonesia, tentu sama pentingnya dengan stabilitas variabel makroekonomi fiskal yang lain, karena kredibilitas bank sentral dalam pengendalian inflasi pada negara dengan ekspektasi perilaku forward looking sangat menentukan arah perekonomian ke depan. Kredibilitas moneter tidak hanya tentang pengendalian oleh bank sentral, tetapi juga untuk mengeliminasi trade off negatif antara banyak variabel makroekonomi lainnya, seperti kesenjangan output dan nilai tukar (Waluyo, et al, 2011;Suwondo, et al, 2020).…”

Section: Spillover Effect As Pada Variabel Makroekonomiunclassified

Spillover Effect Normalisasi Kebijakan Moneter AS terhadap Indonesia

Suwondo

2023

JREI

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Tujuan dari penelitian ini adalah untuk menganalisis Spillover Effect dari normalisasi kebijakan moneter America Serikat yaitu FFR (Federal Funds Rate) terhadap variabel makroekonomi Indonesia yaitu tingkat inflasi, neraca perdagangan, dan kurs. Penelitian ini dilakukan menggunakan data sekunder diambil dari Bank Sentral Indonesia, dengan sebagian diperoleh dari Biro Pusat Statistik (BPS) dan Federal Reserve AS (The Fed) pada tahun 2010-2021. Metode estimasi yang digunakan adalah VAR (Vector Autoregression). Hasil penelitian menunjukkan bahwa terdapat efek sistemik kebijakan moneter kontraktif AS dalam program QT (Quantitative Tightening) terhadap tingkat inflasi, neraca perdagangan, dan kurs secara negatif. Berdasarkan hasil tersebut, penelitian ini mengusulkan untuk melakukan mitigasi dampak normalisasi kebijakan moneter AS dengan monitoring IHK, melakukan koordinasi dengan negara lain terkait bilateral arrangement, dan penyesuaian pada 7DRRR dalam kaitannya dengan jalur moneter kredit.

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“…Financial literacy in Indonesian society is now at a low level. Low financial literacy can be caused by the ability to make the wrong financial plans, which causes bias [9]. People cannot achieve prosperity at the right age and then continue to decline when they enter an age that is no longer productive.…”

Section: Introductionmentioning

confidence: 99%

“…Prior studies have demonstrated that financial literacy can be promoted by developing suitable financial attitudes related to risk tolerance, education, and time perspective [15]. The financial attitudes of SME managers impact their ability to obtain financing and expand capital, as well as other business operations [16]. He stated that successful individuals possess financial acumen, enabling them to maintain long-term savings and futureoriented investments.…”

Section: Introductionmentioning

confidence: 99%

Analysis of The Influence of Digital Financial Literacy Understanding on The Profitability of Small and Medium Micro Enterprises

Parandy,

Ratna Tungga Dewa,

Adhi Pramono

et al. 2024

jsisfotek

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The objective of this study is to impact the financial knowledge of micro, small, and medium firms in order to improve their profitability. This study utilizes primary data obtained through interviews and questionnaires delivered to participants. This study is based on causal research. The research focuses on Micro, Small, and Medium Enterprises (MSMEs). This study employs non-probability sampling methods. Purposive sampling is the approach utilized. The study used the multivariate structural equation model approach. The research results indicate a notable correlation between financial attitude, financial conduct, financial knowledge, and profitability. Financial attitude significantly influences profitability, with higher levels of financial attitude leading to increased profitability. Furthermore, improved financial behavior positively impacts profitability, indicating that those with better financial habits can attain higher levels of profitability. Financial knowledge significantly impacts profitability, with better financial understanding leading to increased profitability. Thus, improving financial attitude, financial behavior and financial knowledge can increase individual or company profitability.

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Tendensi Forward Looking Behavior Dalam Kredibilitas Bank Indonesia

Cited by 3 publications

References 4 publications

Is Islamic Monetary System Possible in Indonesia? Interrelation Study between BI 7 Days Reverse Repo Rate and Nisbah Rate

Is Islamic Monetary System Possible in Indonesia? Interrelation Study between BI 7 Days Reverse Repo Rate and Nisbah Rate

Spillover Effect Normalisasi Kebijakan Moneter AS terhadap Indonesia

Analysis of The Influence of Digital Financial Literacy Understanding on The Profitability of Small and Medium Micro Enterprises

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