Claim Missing Document
Check
Articles

Found 17 Documents
Search

Capital Flow Management Within Macroeconomics Stability Framework in Indonesia 2008.Q1 – 2022.Q2 Nareswari, Kinanthi Sekar; Astuti, Rini Dwi; Bhinadi, Ardito
International Journal of Accounting & Finance in Asia Pasific (IJAFAP) Vol 7, No 2 (2024): JUNE EDITION INTERNATIONAL JOURNAL OF ACCOUNTING FINANCE IN ASIA PASIFIC
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/ijafap.v7i2.2240

Abstract

Indonesia is an EMDEs (Emerging Market and Developing Economies) country, and adopting an open economy causes foreign capital flow, especially FDI (Foreign Direct Investment) and PI (Portfolio Investment) can be free flows, and its movements are unpredictable. The movement of capital flows will affect the money supply, transmitted to monetary and macroeconomic variables. Capital flow and macroeconomic stability must be monitored and managed as a consideration for the central bank in formulating appropriate policies to achieve macroeconomic stability, especially exchange rates and inflation. The analysis tools used Vector Error Correction Model Granger Causality. The results show that exchange rate and inflation shocks significantly impact FDI and PI. While the results of Granger causality, changes in macroeconomic variables cause changes in FDI and PI. This research recommends that stakeholders continue implementing policy mix and monetary policy to improve exchange rates and inflation stability. In addition, the management of capital flows still considers because the potential risks posed to the economy are quite large.
Credit Channel Transmission of Monetary Policy: How Promote Growth in Indonesia? Wulandari, Evalia; Astuti, Rini Dwi
Journal of International Conference Proceedings Vol 6, No 6 (2023): 2023 WIMAYA Yogyakarta Proceeding
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v6i6.2844

Abstract

Credit plays a significant part in supporting the public economy and as a driver of financial development. Banking facilitates households and companies as deficit spending units to finance their consumption and investment. This encourages the economic growth through increased aggregate demand. This research aims to analyze the transmission of monetary policy in Indonesia through credit channel, how the monetary policy affects economic growth. For monthly data 2017-2022, with the Vector Error Correction Model (VECM) and Vector Auto Regressive (VAR), the research results show that economic growth provides a negative response to consumption shocks on the household liquidity effect credit channel. While through the balance sheet channel, economic growth responds positively to investment shocks.  The balance sheet channel is more effective in transmitting monetary policy credit channels targeting economic growth in Indonesia during the research period. Investment as an engine of growth is achieved through optimizing the role of banking intermediation in productive rather than consumer financing because it has a greater multiplier effect on the economy.
Capital Flow Management Within Macroeconomics Stability Framework in Indonesia (2008 – 2022) Nareswari, Kinanthi Sekar; Astuti, Rini Dwi; Bhinadi, Ardito
International Journal of Accounting and Finance in Asia Pasific (IJAFAP) Vol 7, No 2 (2024): June 2024
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/ijafap.v7i2.2240

Abstract

Indonesia is an EMDEs (Emerging Market and Developing Economies) country, and adopting an open economy causes foreign capital flow, especially FDI (Foreign Direct Investment) and PI (Portfolio Investment) can be free flows, and its movements are unpredictable. The movement of capital flows will affect the money supply transmitted to monetary and macroeconomic variables. This study aims to determine the response and contribution of macroeconomic variables to FDI and PI, as well as examining the causality between macroeconomic variables, FDI and PI. This research used the Vector Error Correction Model Granger Causality. The results show that exchange rate and inflation shocks significantly impact FDI and PI. While the results of Granger causality, changes in macroeconomic variables cause changes in FDI and PI. This research recommends that stakeholders continue implementing policy mix and monetary policy to improve exchange rates and inflation stability. In addition, the management of capital flows is still considered because the potential risks posed to the economy are quite large.
Credit Channel Transmission of Monetary Policy: How Promote Growth in Indonesia? Wulandari, Evalia; Astuti, Rini Dwi
Journal of International Conference Proceedings Vol 6, No 6 (2023): 2023 WIMAYA Yogyakarta Proceeding
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v6i6.2844

Abstract

Credit plays a significant part in supporting the public economy and as a driver of financial development. Banking facilitates households and companies as deficit spending units to finance their consumption and investment. This encourages the economic growth through increased aggregate demand. This research aims to analyze the transmission of monetary policy in Indonesia through credit channel, how the monetary policy affects economic growth. For monthly data 2017-2022, with the Vector Error Correction Model (VECM) and Vector Auto Regressive (VAR), the research results show that economic growth provides a negative response to consumption shocks on the household liquidity effect credit channel. While through the balance sheet channel, economic growth responds positively to investment shocks.  The balance sheet channel is more effective in transmitting monetary policy credit channels targeting economic growth in Indonesia during the research period. Investment as an engine of growth is achieved through optimizing the role of banking intermediation in productive rather than consumer financing because it has a greater multiplier effect on the economy.
Penerapan Model Pembelajaran Kooperatif Tipe Team Assisted Individualization untuk Meningkatkan Kemampuan Penalaran dan Sikap Belajar Matematika Siswa SMA Muhammadiyah 4 Yogyakarta Astuti, Rini Dwi
Polynom: Journal in Mathematics Education Vol. 2 No. 2 (2022): Juli 2022
Publisher : Pusat Studi Pengembangan Pembelajaran Matematika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/polynom.2022.022-04

Abstract

Tujuan penelitian ini adalah untuk meningkatkan kemampuan penalaran dan sikap belajar matematika siswa SMA Muhammadiyah 4 Yogyakarta melalui model pembelajaran kooperatif tipe Team Assisted Individualization. Penelitian ini merupakan penelitian tindakan kelas yang terlaksana dalam 2 siklus, yaitu siklus I terdiri atas 5 pertemuan dan siklus II terdiri atas 4 pertemuan. Setiap siklus memiliki 4 tahapan, yaitu perencanaan, pelaksanaan, evaluasi, dan refleksi. Subyek penelitian ini adalah siswa kelas X MIPA 1 SMA Muhammadiyah 4 Yogyakarta yang terdiri dari 32 siswa. Alat pengumpul data yang digunakan adalah lembar observasi, tes kemampuan penalaran, lembar angket sikap, serta dokumentasi. Teknik analisis data dilakukan menurut Miles dan Huberman yang terdiri dari empat komponen, yaitu pengumpulan data, reduksi data, display data, dan penarikan kesimpulan. Hasil penelitian menunjukkan bahwa penerapan pembelajaran kooperatif tipe Team Assisted Individualization dapat meningkatkan kemampuan penalaran dan sikap belajar matematika siswa kelas X MIPA 1 SMA Muhammadiyah 4 Yogyakarta pada pembelajaran matematika. Rata-rata nilai tes kemampuan penalaran siswa pada siklus I sebesar 44,35 dan mengalami peningkatan sehingga pada siklus II nilai rata-ratanya melebihi nilai KKM 73 yaitu mencapai 76,28. Sikap siswa juga menunjukkan peningkatan dari siklus I yaitu 67,189% dengan kualifikasi sedang meningkat menjadi 72,32 % dengan kualifikasi tinggi pada siklus II.
Risiko Kredit, Risiko Pasar, Dan Kinerja Keuangan Perbankan Pada Masa Pandemi Covid-19 Astuti, Rini Dwi; Mahardika, Dewa Putra Krishna
JURNAL MUTIARA AKUNTANSI Vol. 6 No. 2 (2021): Jurnal Mutiara Akuntansi
Publisher : UNIVERSITAS SARI MUTIARA INDONESIA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.51544/jma.v6i2.2141

Abstract

The Covid-19 pandemic began to spread in Indonesia in March 2020. This caused a number of industrial sectors in Indonesia to experience a decrease in financial performance. One of the sectors that experienced a decline in financial performance was the banking sector. This study has purpose to determine the effect of credit risk and market risk on financial performance in commercial banks registered on the Indonesia Stock Exchange in the first until fourth quarters of 2020. The samples in this study is 35 banks. The sample is obtained by purposive sampling method. The method of analysis in this study is multiple linear regression analysis. From the results of the study, simultaneously credit risk and market risk affect financial performance. credit risk negatively affects financial performance. while market risk has a positive effect on financial performance
Macroeconomic Determinants of Foreign Direct Investment in Indonesia: The Role of GDP, Inflation, and Exchange Rate (1990–2023) Dari, Tri Ulan; Astuti, Rini Dwi
Journal Magister Ilmu Ekonomi Universtas Palangka Raya : GROWTH Vol. 11 No. 1 (2025): June 2025
Publisher : Fakultas Ekonomi dan Bisnis Universitas Palangka Raya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52300/grow.v11i1.21780

Abstract

This study explores the influence of key macroeconomic indicators—Gross Domestic Product (GDP), inflation, and exchange rate—on Foreign Direct Investment (FDI) inflows in Indonesia from 1990 to 2023. Using the Error Correction Model (ECM), the research analyzes both long-term and short-term dynamics to offer a more comprehensive understanding of the relationship between these variables and FDI performance. The results show that GDP has a significant positive effect on FDI in both time horizons, reinforcing the notion that economic growth enhances investor confidence and market potential. In contrast, inflation does not exhibit a significant effect on FDI, suggesting that investors may perceive inflation in Indonesia as relatively stable and manageable. The exchange rate demonstrates a dual effect: it negatively affects FDI in the long term, indicating that prolonged currency depreciation deters investment, while in the short term, it positively influences FDI, as a weaker rupiah may reduce investment costs. Diagnostic tests confirm the reliability and validity of the regression model, including the absence of multicollinearity, heteroskedasticity, and autocorrelation. The study concludes that GDP and exchange rate stability are crucial for attracting and sustaining foreign investment, while inflation remains a less decisive factor in the Indonesian context. These findings offer practical implications for policymakers to prioritize macroeconomic stability and growth-oriented strategies to enhance Indonesia’s competitiveness as an FDI destination.