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Jurnal Keuangan dan Perbankan


KEYWORD : deposit interest rate, indonesian deposit insuarance corporation, loan interest rate


  1. Soenarto Soepomo
  2. Moch. Doddy Ariefianto


    1. FINANCE
    2. BANKING



      ABSTRACT :

      The study aimed
      to reveal the behavior of lending and funding priciping (deposit interest rate
      and loan interest rate) of indonesian banks after the great crisis in 1998.
      Specifically the research design aimed to uncover the form of interaction
      (state of equilibrium) and factors that might influence the state of
      equilibrium. We used a model developed by niehans (1978) and de grauwe (1982)
      as a point of departure to address the research problem. There were 12
      variables used in a simultanous equation econometric model that would be
      estimated by using 4 different techniques namely GMM TS, GMM CS, 3SLS and SUR.
      Two variables namely price of deposit and price of loan were treated as endogenous.
      We also considered the impact of deposit insuarace adoption that was took place
      in september 2005. The empirical findings showed that the slopes of DD and LL
      equation were largely consistent with the hypotheses. The parameters were
      positive and statistically significant. However the numerical value of LL slope
      that ws greater than the other one and comparable to DD slope had raised a
      concern for the stability attainment. The most important variables (based on
      their magnitude and statistical significance) found to affect the constellation
      were business prospect, system size, exchange rate, operational cost and
      profitability. In the second tier of importance, we found that monetary policy
      instruments (policy rate differential and base money supply), quality of loan,
      capital and total liquidity affected the system in various degrees.


      Vol 17, Nomor 03, Tahun 2013


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