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Mechanism Of Shariah Transmission In The Dual Monetary System In Indonesia
The transmission mechanism of monetary policy has been an area of abundant economic research in many countries. The financial system links monetary policy and the real economy. Thus, events or trends that affect the financial system can also change the monetary transmission mechanism. This study tries to analyze the Shariah transmission mechanism in the Indonesian dual monetary system, using Vector Auto Regression (VAR) and Vector Error Correction Model (VECM) methods. Results show that the partnership between SWBI (SBI Shariah) and Shariah financing (LNFINCG) is negative. It means, when SWBI is higher, the quantity of Shariah financing will be lower. The same is true of SBI and inflation (LNIHK). When total Shariah financing increases, it gives a positive contribution to reducing the inflation rate in Indonesia, because with this system the possibility to create equal growth among the monetary and real sectors appears. Therefore, it would be a strategic action for monetary authorities to increase the Shariah banking share in Indonesia, in order to minimize bad inflation in the economy. Another recommendation is that SWBI as a Shariah monetary instrument should be reconsidered in order to achieve a positive impact on the real sector. .Printed Journal
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| BEMP1104 | PSB lt.dasar - Pascasarjana | 1 |
| Penerbit | Jakarta: Bank Indonesia |
|---|---|
| Edisi | - |
| Subjek | Shariah Transmission Mechanism VAR/VECM dual monetary system |
| ISBN/ISSN | 14108046 |
| Klasifikasi | - |
| Deskripsi Fisik | - |
| Info Detail Spesifik | - |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas | Tidak Ada Data |