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Title: | Pengaruh Faktor Domestik dan Global terhadap Stabilitas Sistem Keuangan Indonesia |
Other Titles: | The Influence of Domestic and Global Factors on Indonesia's Financial System Stability |
Authors: | Siregar, Hermanto Ahmad, Fahmi Salam Rosyadah, Syifa Rifa |
Issue Date: | 2023 |
Publisher: | IPB University |
Abstract: | Stabilitas sistem keuangan (SSK) merupakan aspek penting dalam kelancaran penyaluran modal dan transaksi ekonomi. Integrasi sektor keuangan lintas negara yang semakin erat menyebabkan stabilitas sistem keuangan tidak hanya dipengaruhi oleh faktor domestik, tetapi juga faktor global. Penelitian ini menganalisis pengaruh faktor-faktor domestik dan global terhadap SSK Indonesia selama periode Juli 2003 – November 2022. Financial stress index (FSI) digunakan untuk mencerminkan SSK Indonesia. Metode analisis yang digunakan adalah ARDL-ECM. Hasil penelitian menunjukkan bahwa pada jangka pendek kenaikan suku bunga domestik, instabilitas sistem keuangan domestik dan Amerika, dummy krisis, nilai tukar, dan jumlah uang beredar berpengaruh signifikan terhadap FSI Indonesia. Sementara itu dalam jangka panjang, nilai tukar, jumlah uang beredar dan cadangan devisa berpengaruh signifikan terhadap FSI Indonesia. Financial system stability (FSS) holds considerable significance in ensuring the seamless movement of capital and economic transactions. The progressively deeper interconnection of the financial sector across nations has led to FSS being shaped not only by internal elements but also by global considerations. This study delves into how both domestic and international elements influenced Indonesia's FSS between July 2003 and November 2022. To assess Indonesia's FSS, the study utilized the Financial Stress Index (FSI). The analytical technique employed is ARDL-ECM. The findings of the study indicate that in the short term, fluctuations in domestic interest rates, the stability of both domestic and American financial systems, crisis, exchange rates, and the money supply wield substantial influence on Indonesia's FSI. On the other hand, in the long run, the exchange rate, money supply, and foreign exchange reserves exhibit notable effects on Indonesia's FSI. |
URI: | http://repository.ipb.ac.id/handle/123456789/124192 |
Appears in Collections: | UT - Economics and Development Studies |
Files in This Item:
File | Description | Size | Format | |
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Cover.pdf Restricted Access | Cover | 2.16 MB | Adobe PDF | View/Open |
H14190085_Syifa Rifa Rosyadah.pdf Restricted Access | Fullteks | 9.19 MB | Adobe PDF | View/Open |
Lampiran.pdf Restricted Access | Lampiran | 728.72 kB | Adobe PDF | View/Open |
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