Accesso libero

The Effects of Macroprudential Policies on the Performance of Conventional Banks in Indonesia

, ,  e   
17 dic 2024
INFORMAZIONI SU QUESTO ARTICOLO

Cita
Scarica la copertina

Akinci, O., & Olmstead-Rumsey, J. (2018). How effective are macroprudential policies? An empirical investigation. Journal of Financial Intermediation, 33, 33-57. https://doi.org/10.1016/j.jfi.2017.04.001 Search in Google Scholar

Anis, I., Gani, L., Fauzi, H., Hermawan, A. A., & Adhariani, D. (2023). The sustainability awareness of banking institutions in Indonesia, its implication on profitability by the mediating role of operational efficiency. Asian Journal of Accounting Research, 8(4), 356-372. https://doi.org/10.1108/AJAR-06-2022-0179 Search in Google Scholar

Andini, F., & Yunita, I. (2015). Analisis Pengaruh Return on Asset (ROA), Return on Equity (ROE), Non Performing Loan (NPL), dan Loan To Deposit Ratio (LDR) terhadap Capital Adequacy Ratio (CAR) pada Perusahaan Perbankan di Indonesia. eProceedings of Management, 2(2). https://openlibrarypublications.telkomuniversity.ac.id/index.php/management/article/view-File/317/295 Search in Google Scholar

Anwar, Y., Oliva, J. C. M., Garcia-Herrero, A., & Le, X. (2014). International Monetary Review. http://www.imi.ruc.edu.cn/docs/2024-01/3efc2e82f54c4afcb6946394f6e181c9.pdf Search in Google Scholar

Arimurti, T. (2020). Capital Flows and the Macroeconomy: Key Drivers, Impacts, and the Role of Monetary Policy (Doctoral dissertation, University of Bath). https://purehost.bath.ac.uk/ws/portal-files/portal/205425009/ARIMURTI_Trinil_THESIS_FINAL_03_01_20.pdf Search in Google Scholar

Avgouleas, E., & Duoqi, X. U. (2017). Overhauling China’s financial stability regulation: policy riddles and regulatory dilemmas. Asian Journal of Law and Society, 4(1), 1-57. https://www.research.ed.ac.uk/files/38925759/AVGOULEASXU2017AJLSOverhaulingChinasFinancial.pdf Search in Google Scholar

Azis, I. J., & Shin, H. S. (2015). Managing elevated risk: global liquidity, capital flows, and macro-prudential policy-an asian perspective (p. 124). Springer Nature. https://library.oapen.org/bit-stream/handle/20.500.12657/28035/1/1001961.pdf Search in Google Scholar

Bank Indonesia (2015) Economic Report on Indonesia. https://www.bi.go.id/en/publikasi/laporan/Documents/Indonesian%20Economic%20Report%202015.pdf Search in Google Scholar

Bank Indonesia (2016). Kebijakan Makroprudensial di Indonesia. Jakarta: Bank Indonesia. https://www.bi.go.id/id/edukasi/Documents/Buku_Kebijakan_Makroprudensial_2021.pdf Search in Google Scholar

Bank Indonesia (2017), “Kajian Stabilitas Keuangan”, Biro Stabilitas Sistem Keuangan, Direktorat Penelitian dan Pengaturan Perbankan. No. 28, Maret 2017. https://www.bi.go.id/id/publikasi/laporan/Pages/KSK_0317.aspx Search in Google Scholar

Bank Indonesia (2023). Indonesian Economic and Financial Statistics (SEKI). https://www.bi.go.id/en/statistik/ekonomi-keuangan/seki/Default.aspx Search in Google Scholar

Bank Indonesia (2024). Macroprudential Policy Instrument. https://www.bi.go.id/id/fungsi-utama/stabilitas-sistem-keuangan/ikhtisar/Default.aspx Search in Google Scholar

Bank Indonesia (2024) Financial System Stability: Overview. https://www.bi.go.id/en/fungsi-utama/stabilitas-sistem-keuangan/ikhtisar/default.aspx Search in Google Scholar

Bank Negara Malaysia (2023) Financial Stability Review. https://www.bnm.gov.my/documents/20124/13790687/fsr23h2_en_book.pdf Search in Google Scholar

Bank of Thailand (2023) Banking Sector Quarterly Brief. https://www.bot.or.th/content/dam/bot/documents/en/news-and-media/news/2024/news-en-20240219.pdf Search in Google Scholar

Bashir, F. M., & Gorton, C. (2023). Comparative Analysis of Financial Performance: Conventional Banks vs. Sharia Banks. Indonesia Accounting Research Journal, 11(1), 51-67. http://journals.iarn.or.id/index.php/Accounting/article/download/210/147 Search in Google Scholar

Blessing, H., & Sakouvogui, G. (2023). Impact of liquidity and solvency ratios on financial performance: a comprehensive analysis. Indonesia Auditing Research Journal, 12(3), 102-115. http://journals.iarn.or.id/index.php/ARJ/article/download/208/141 Search in Google Scholar

Bongomin, G. O. C., Munene, J. C., Ntayi, J. M., & Malinga, C. A. (2019). Collective action among rural poor: Does it enhance financial intermediation by banks for financial inclusion in developing economies?. International Journal of Bank Marketing, 37(1), 20-43. https://doi.org/10.1108/IJBM-08-2017-0174 Search in Google Scholar

Borio, C. (2003). Towards a macroprudential framework for financial supervision and regulation?. CESifo Economic Studies, 49(2), 181-215. https://papers.ssrn.com/Sol3/Delivery.cfm/SSRN_ID853704_code543654.pdf?abstractid=841306 Search in Google Scholar

BSP (2023) Annual Report. https://www.bsp.gov.ph/Media_And_Research/Annual%20Report/Ann-Rep_2023.pdf Search in Google Scholar

Carson, C.S. & Ingves, S. (2003). Financial Soundness Indicators. Washington: International Monetary Fund. https://www.imf.org/external/np/sta/fsi/eng/2003/051403.pdf Search in Google Scholar

Cerutti, E., Claessens, S., & Laeven, L. (2017). The use and effectiveness of macroprudential policies: New evidence. Journal of financial stability, 28, 203-224. https://www.aeaweb.org/conference/2016/retrieve.php?pdfid=12486&tk=HDbtb6ye Search in Google Scholar

Chari, A. (2023). Global risk, non-bank financial intermediation, and emerging market vulnerabilities. Annual Review of Economics, 15(1), 549-572. https://doi.org/10.1146/annurev-economics-082222-074901 Search in Google Scholar

Claessens, S., Ghosh, S. R., & Mihet, R. (2013). Macro-prudential policies to mitigate financial system vulnerabilities. Journal of International Money and Finance, 39, 153-185. https://doi.org/10.1016/j.jimonfin.2013.06.023 Search in Google Scholar

Cnbcindonesia (2024) Miris! Porsi Aset Keuangan Syariah RI Hanya 10,81%. https://www.cnbcindonesia.com/syariah/20240226110919-29-517541/miris-porsi-aset-keuangan-syariah-ri-hanya-1081 Search in Google Scholar

Corporatefinanceinstitute (2024). Return on Assets & ROA Formula. https://corporatefinanceinstitute.com/resources/accounting/return-on-assets-roa-formula/ Search in Google Scholar

Dao, B. (2020). Bank capital adequacy ratio and bank performance in Vietnam: A simultaneous equations framework. Journal of Asian Finance, Economics and Business, 7(6), 039-046. https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=3979493 Search in Google Scholar

Davis, E. P., Karim, D., & Noel, D. (2022). The effects of macroprudential policy on banks’ profitability. International Review of Financial Analysis, 80, 101989. https://doi.org/10.1016/j.irfa.2021.101989 Search in Google Scholar

Dean, R. T., & Bailes, F. (2010). Time series analysis as a method to examine acoustical influences on real-time perception of music. Empirical Musicology Review, 5(4), 152-175. https://www.academia.edu/download/57799183/EMR000097a-Dean_Bailes.pdf Search in Google Scholar

Elsa, E., Utami, W., & Nugroho, L. (2018). A comparison of sharia banks and conventional banks in terms of efficiency, asset quality and stability in Indonesia for the period 2008-2016. International Journal of Commerce and Finance, 4(1), 134-149. https://ijcf.ticaret.edu.tr/index.php/ijcf/article/view/75 Search in Google Scholar

Elvira, H., Hermawan, D., & Mauluddi, H. A. (2020). Pengaruh Dana Pihak Ketiga dan Giro Wajib Minimum terhadap Return on Assets pada Bank Umum Konvensional. Indonesian Journal of Economics and Management, 1(1), 195-204. https://doi.org/10.35313/ijem.v1i1.2429 Search in Google Scholar

European Systemic Risk Board. (2013). Recomendation of The ESRB on Intermediate Objectives and Instrument of Macroprudentoal Policy. Official Journal of The European Union, 170(c). https://www.esrb.europa.eu/pub/pdf/recommendations/2013/ESRB_2013_1.en.pdf Search in Google Scholar

Handajani, L., Akram, A., & Sokarina, A. (2024). Do Corporate Governance and Bank-Specific Factors Matter On Banking Financial Performance?. Jurnal Reviu Akuntansi dan Keuangan, 14(1), 220-242. https://doi.org/10.22219/jrak.v14i1.28367 Search in Google Scholar

Hanif, M. (2014). Differences and similarities in Islamic and conventional banking. International Journal of Business and Social Sciences, 2(2). https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=1712184 Search in Google Scholar

Hermanto, H., & Nurhidayah, N. (2023). Pengaruh Rasio Intermediasi Makroprudensial, Dan Ukuran Perusahaan Terhadap Return on Assets Dengan Manajemen Laba Sebagai Variabel Intervening. Jurnal Ekonomi, Manajemen Akuntansi dan Perpajakan (Jemap), 6(1), 44-69. https://doi.org/10.36418/syntax-literate.v7i12.11407 Search in Google Scholar

Hope, N. C., Laurenceson, J., & Qin, F. (2008). The impact of direct investment by foreign banks on China’s banking industry. Stanford Center for International Development Working Paper, (362), 1. https://kingcenter.stanford.edu/sites/g/files/sbiybj16611/files/media/file/362wp_0.pdf Search in Google Scholar

Investopedia (2024) Bank Reserves: Definition, Purpose, Types, and Requirements https://www.investopedia.com/terms/b/bank-reserve.asp Search in Google Scholar

Kahou, M. E., & Lehar, A. (2017). Macroprudential policy: A review. Journal of financial stability, 29, 92-105. https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=2693662 Search in Google Scholar

Khan, M. A., Yau, J. T. H., Sarang, A. A. A., Gull, A. A., & Javed, M. (2024). Information asymmetry and investment efficiency: the role of blockholders. Journal of Applied Accounting Research. https://doi.org/10.1108/JAAR-05-2023-0123 Search in Google Scholar

Lee, M., Gaspar, R. E., & Villaruel, M. L. (2017). Macroprudential policy frameworks in developing Asian economies. Asian Development Bank Economics Working Paper Series, (510). https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2982876 Search in Google Scholar

Liutammima, J. (2017). Implementasi Kebijakan Makroprudensial terhadap Kinerja Sistem Perbankan Ganda di Indonesia (Doctoral dissertation, Universitas Gadjah Mada). https://etd.repository.ugm.ac.id/penelitian/detail/109647 Search in Google Scholar

Mainata, D., & Ardiani, A. F. (2017). Pengaruh Capital Adequacy Ratio (CAR) Terhadap Return On Aset (ROA) Pada Bank Syariah. Al-Tijary, 19-28. https://doi.org/10.21093/at.v3i1.960 Search in Google Scholar

Olszak, M., Roszkowska, S., & Kowalska, I. (2019). Do macroprudential policy instruments reduce the procyclical impact of capital ratio on bank lending? Cross-country evidence. Baltic Journal of Economics, 19(1), 1-38. https://doi.org/10.1080/1406099X.2018.1547565 Search in Google Scholar

Otoritas Jasa Keuangan (2023). Indonesia Financial Sector Development. https://www.ojk.go.id/id/berita-dan-kegiatan/info-terkini/Documents/Pages/Report-on-Indonesia-Financial-Sector-Development-Q1-2023/REPORT%20INDONESIA%20FINANCIAL%20SECTOR%20DEVELEPMENT%202023.pdf Search in Google Scholar

Otoritas Jasa Keuangan (2024). Indonesia Banking Statistics. https://ojk.go.id/en/kanal/perbankan/data-dan-statistik/statistik-perbankan-indonesia/default.aspx Search in Google Scholar

Paxton, P., Hipp, J. R., Marquart-Pyatt, S., & Marquart-Pyatt, S. T. (2011). Nonrecursive models: Endogeneity, reciprocal relationships, and feedback loops. Sage Publications, 168. https://www.semanticscholar.org/paper/Nonrecursive-Models%3A-Endogeneity%2C-Reciprocal-and-Paxton-Hipp/d8f40d0f079e535105ce87eff1964ed3209b4488 Search in Google Scholar

perbankansyariah.id (2024) Market Share Perbankan Syariah per April 2024. https://www.instagram.com/perbankansyariah.id/p/C9maLYMqUXZ/ Search in Google Scholar

Persaud, A. (2000). Sending the herd off the cliff edge: the disturbing interaction between herding and market‐sensitive risk management practices. The Journal of Risk Finance, 2(1), 59-65. https://www.emerald.com/insight/content/doi/10.1108/eb022947/full/html Search in Google Scholar

Rakshit, B. (2023). Assessing the effects of cost, revenue and profit efficiency on bank performance: empirical evidence from Indian banking. International Journal of Organizational Analysis, 31(5), 1867-1898. https://www.emerald.com/insight/content/doi/10.1108/IJOA-06-2021-2802/full/html Search in Google Scholar

Sakti, M. R. P., Thaker, H. B. M. T., Qoyum, A., & Qizam, I. (2018). the concept and practice of macroprudential policy in Indonesia: Islamic and conventional. Al-Iqtishad Journal of Islamic Economics, 10(1), 75-96. http://dx.doi.org/10.15408/aiq.v10i1.5446 Search in Google Scholar

Schaltegger, S. (2012). Sustainability Reporting in the Light of Business Environments: Linking Business Environment, Strategy, Communication and Accounting. Lüneburg: Centre for Sustainability Management. https://citeseerx.ist.psu.edu/document?repid=rep1&type=pdf&doi=e966a-8712be5a57ca99755ae5677f3c4c4ce1138 Search in Google Scholar

Sugarda, P. P., & Wicaksono, M. R. (2017). Strengthening Indonesia’s Economic Resilience through Regulatory Reforms in Banking, Investment and Competition Law. International Journal of Economic Perspectives, 11(3). https://www.proquest.com/openview/af835bdce90e6fa2c-13329c057f24fbd/1?cbl=51667&pq-origsite=gscholar Search in Google Scholar

Sukmana, R., & Febriyati, N. A. (2016). Islamic banks vs conventional banks in Indonesia: An analysis on financial performances. Jurnal Pengurusan, 47(1), 81-90. http://dx.doi.org/10.17576/pengurusan-2016-47-07 Search in Google Scholar

Soseco, T., Olivia, S., & Oxley, L. (2023). Interprovincial Wealth Inequality by Factor Components in Indonesia. Bulletin of Indonesian Economic Studies, 60(2), 193–215. https://doi.org/10.1080/00074918.2023.2225243 Search in Google Scholar

Tomuleasa, I. I. (2015). Macroprudential policy and systemic risk: An overview. Procedia Economics and Finance, 20, 645-653. https://www.sciencedirect.com/science/article/pii/S2212567115001197 Search in Google Scholar

Triggs, A., Kacaribu, F., & Wang, J. (2019). Risks, resilience, and reforms: Indonesia’s financial system in 2019. Bulletin of Indonesian Economic Studies, 55(1), 1-27. https://adamtriggs.com/wp-content/uploads/2020/02/risks-resilience-and-reforms-indonesia-s-financial-system-in-2019.pdf Search in Google Scholar

van der Hoog, S. (2018). The limits to credit growth: Mitigation policies and macroprudential regulations to foster macrofinancial stability and sustainable debt. Computational Economics, 52(3), 873-920. https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=2673402 Search in Google Scholar

Van Greuning, H., & Iqbal, Z. (2008). Risk analysis for Islamic banks. World Bank Publications. https://books.google.co.id/books?hl=id&lr=&id=Ejl-sEs4yPMC&oi=fnd&pg=PR5&ots=bcTSRM-xPx&sig=Qf7_q_N4nrFiPP-AojTew9q5u4U&redir_esc=y#v=onepage&q&f=false Search in Google Scholar

Wahyuni, S., Pujiharto, P., Pratama, B. C., & Azizah, S. N. (2023). Analysis of the rate of growth of intellectual capital ability in predicting present and future profitability of Sharia commercial banks in Indonesia. Asian Journal of Accounting Research, 8(2), 194-206. https://doi.org/10.1108/AJAR-10-2021-0226 Search in Google Scholar

Wan Ibrahim, W. H., & Ismail, A. G. (2015). Conventional bank and Islamic banking as institutions: similarities and differences. Humanomics, 31(3), 272-298. https://www.emerald.com/insight/content/doi/10.1108/H-09-2013-0056/full/html Search in Google Scholar

Warjiyo, P., & Juhro, S. M. (2019). Macroprudential Policy and Financial System Stability. In Central Bank Policy: Theory and Practice (pp. 423-459). Emerald Publishing Limited. https://www.emerald.com/insight/content/doi/10.1108/978-1-78973-751-620191020/full/html Search in Google Scholar

Werner, R. A. (2014). Can banks individually create money out of nothing?—The theories and the empirical evidence. International Review of Financial Analysis, 36, 1-19. https://doi.org/10.1016/j.irfa.2014.07.015 Search in Google Scholar

Wijayanti, R., Adhi P, N. M., & Harun, C. A. (2020). Effectiveness of macroprudential policies and their interaction with monetary policy in Indonesia. BIS Paper, (110d). https://ssrn.com/abstract=3551502 Search in Google Scholar

World Bank (2020) Indonesia Economic Prospects: The Long Road to Recovery. https://documents1.worldbank.org/curated/en/804791594826869284/pdf/Indonesia-Economic-Prospects-The-Long-Road-to-Recovery.pdf Search in Google Scholar

Yumna, A. (2020). The X-Efficiency of Shariah and Conventional Banking’s in Indonesia. International Research Journal of Business Studies, 13(2). https://doi.org/10.21632/irjbs.13.2.149-159 Search in Google Scholar