The Influence of Bi Rate, Car, and CCYB Policy on Bank Stability in Indonesia
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Apr 4, 2024
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Abstract
This study is to examine how Indonesian bank stability (Z-Score) is affected by the BI Rate, CAR, and CCyB policy. Multiple regression analysis employing the Random Effect Model (REM) method is the technique employed. The study's findings indicate that, in part, the CAR, CCyB, and BI Rate policies have a positive and significant impact on bank stability in both Large Banks and Small Banks between 2010 and 2022. In addition, from 2010 to 2022, the BI Rate, CAR, and CCyB policies will all have a major impact on the stability of banks, both Large Banks and Small Banks. Aside from that, the Independent Sample T-Test results indicate that there are significant differences in the stability of banks, where Large Banks being more stable than Small Banks. Additionally, the differences is caused by bank sensitivity, where Small Banks being more influenced than Large Banks in the impact of the BI Rate, CAR, and CCyB policy variables on bank stability between 2010 and 2022.
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Pratiwi, D. I., Nirmala, T., Andrian, T., & Sitorus, N. H. (2024). The Influence of Bi Rate, Car, and CCYB Policy on Bank Stability in Indonesia. Journal on Education, 6(3), 16966-16975. https://doi.org/10.31004/joe.v6i3.5616
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References
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Bank Indonesia. (2015). Peraturan Bank Indonesia Nomor 17/22/PBI/2015 tentang Kewajiban Pembentukan Countercyclical Buffer (Vol. 1, pp. 1–11).
Bank Indonesia. (2023). Instrumen Kebijakan Makroprudensial. Bank Indonesia. https://www.bi.go.id/id/fungsi-utama/stabilitas-sistem-keuangan/instrumen-makroprudensial/default.aspx
Christensen, C. (2022). Capital Buffer and Risk-Taking: An empirical study of the effect that capital buffer has on Swedish banks risk-taking.
Danarsari, D. N., Viverita, & Rokhim, R. (2018). Capital buffer for stronger bank stability: Empirical evidence from Indonesia’s commercial banks. Pertanika Journal of Social Sciences and Humanities, 26(August), 55–67.
Didigu, C., Joshua, N., Okon, J., Eze, A., Gopar, J., Oraemesi, C., Udofia, B.-O., Yisa, D., Ejinkonye, J., & Ette, V. (2022). Monetary Policy and Banking Sector Stability in Nigeria. Central Bank of Nigeria Journal of Applied Statistics, 13(1), 1–26. https://doi.org/10.33429/cjas.13122.1/9
Firdaus, A. A., Mafruhah, I., & Tri Rahayu, S. A. (2022). Analysis of the Influence of Banking Performance and Macroeconomic on Banking Stability in Indonesia. International Journal of Economics, Business and Management Research, 06(07), 239–250. https://doi.org/10.51505/ijebmr.2022.6717
Hudaya, A., & Firmansyah, F. (2023). Financial Stability in the Indonesian Monetary Policy Analysis. Cogent Economics and Finance, 11(1), 1–17. https://doi.org/10.1080/23322039.2023.2174637
Ketaren, E. V., & Haryanto, A. M. (2020). Pengaruh Kinerja Keuangan Terhadap Stabilitas Perbankan Yang Terdaftar Di Bursa Efek Indonesia (Studi Kasus pada Bank yang Terdaftar di BEI Tahun 2014-2018). Diponegoro Journal of Management, 9(2), 1–13. http://ejournal-s1.undip.ac.id/index.php/dbr
Maharani, M., & Nirmala, T. (2022). Pengaruh Ukuran Bank, Fungsi Intermediasi Bank dan Variabel Moneter Terhadap Pertumbuhan Ekonomi Indonesia Periode 2015-2020. E-Journal Field of Economics, Business and Entrepreneurship, 1(3), 245–258. https://doi.org/10.23960/efebe.v1i3.45
Otoritas Jasa Keuangan. (2016a). Peraturan Otoritas Jasa Keuangan Nomor 11/POJK.03/2016 Tentang Kewajiban Penyediaan Modal Minimum Bank Umum (pp. 1–82).
Otoritas Jasa Keuangan. (2016b). Peraturan Otoritas Jasa Keuangan Nomor 6/POJK.03/2016 Tentang Kegiatan Usaha dan Jaringan Kantor Berdasarkan Modal Inti Bank.
Safitri, T. R. (2018). Analisis Pengaruh Fakor Makroekonomi dan Faktor Fundamental Terhadap Stabilitas Perbankan Konvensional di Indonesia Tahun 2008-2017. Jurnal Ilmiah Mahasiswa FEB Universitas Brawijaya, 6(2), 1–13.
Santoso, S. (2014). Statistik Multivariat Edisi Revisi Konsep dan Aplikasi dengan SPSS. PT Elex Media Komputindo.
Serdiuk, D., & Rola-janicka, M. (2020). The Effect of Countercyclical Capital Buffers on the Riskiness of Swedish Banks Statement of Originality. June.
Sitorus, N. H., Yuliana, M., & Fajarini, D. (2023). Procyclicality Credit in Indonesian Banking. Atlantis Press SARL. https://doi.org/10.2991/978-2-38476-064-0
Tama, M. J., Aida, N., Taher, A. R. Y., & Suparta, I. W. (2024). The Influence of Economic Freedom, Macroeconomics Variables, and The Covid-19 Pandemic on Economic Growth. International Journal of Economics, Business, and Entrepreneurship, 1(1), 1–9.
Warjiyo, P. (2007). Stabilitas Sistem Perbankan Dan Kebijakan Moneter : Keterkaitan Dan Perkembangannya Di Indonesia. Buletin Ekonomi Moneter Dan Perbankan, 8(4), 429–454. https://doi.org/10.21098/bemp.v8i4.144
Widarjono, A. (2018). Ekonometrika: Pengantar dan Aplikasinya Disertai Panduan Eviews (Edisi Keli). UPP STIM YKPN.