Claim Missing Document
Check
Articles

Found 21 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.
PENGARUH LITERASI KEUANGAN DAN FINTECH PAYMENT TERHADAP INKLUSI KEUANGAN PADA MASYARAKAT DI INDONESIA Yulandari, Karim Puspita; Astuti, Rini Dwi
JER (Jurnal Ekonomi Regional) Vol. 15 No. 2 (2023): Juni
Publisher : Universitas Pembangunan Nasional "Veteran" Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31315/jer.v15i2.13054

Abstract

Studi ini bertujuan untuk menganalisis Inklusi Keuangan pada masyarakat di Indonesia. Data yang digunakan merupakan data primer yang diperoleh dari penyebaran kuesioner melalui media sosial. Kuesioner memuat pernyataan yang membahas mengenai Literasi Keuangan, Financial Technology Payment, dan Karakteristik Responden (Jenis Kelamin, Usia, Pendidikan, dan Pendapatan). Metode analisis yang digunakan adalah analysis Ordered Logit Model. Metode ordered logit model digunakan karena terdapat enam variabel continue dan satu variabel dummy. Hasil penelitian menunjukkan bahwa Literasi Keuangan dan Financial Technology Payment berpengaruh positif dan signifikan terhadap Inklusi Keuangan pada masyarakat di Indonesia. Sedangkan variabel Usia berpengaruh negative dan signifikan terhadap Inklusi Keuangan. Jenis Kelamin, Pendidikan dan Pendapatan tidak memiliki pengaruh yang signifikan terhadap Inklusi Keuangan pada masyarakat di Indonesia. Berdasarkan analisis yang dilakukan, diketahui bahwa literasi keuangan dan fintech payment mempengaruhi kenaikan presentase inklusi keuangan pada masyarakat, sedangkan usia jika semakin dewasa akan menurunkan tingkat pemahaman mengenai inklusi keuangan pada masyarakat di Indonesia.
Analisis Pengaruh Indikator Makro Ekonomi Dan Kebijakan Quantitative Easing Amerika Serikat Terhadap Indeks Harga Saham Gabungan Periode 2008.01 – 2022.12 Wardani, Ajeng Yuli; Astuti, Rini Dwi
JER (Jurnal Ekonomi Regional) Vol. 16 No. 1 (2024): Januari
Publisher : Universitas Pembangunan Nasional "Veteran" Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31315/jer.v16i1.13061

Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh variabel indikator makro ekonomi yaitu nilai tukar dolar Amerika Serikat terhadap rupiah, inflasi, dan suku bunga Bank Indonesia, serta kebijakan moneter luar negeri yaitu kebijakan Quantitative Easing Amerika Serikat terhadap Indeks Harga Saham Gabungan (IHSG) dalam jangka pendek dan jangka panjang. Jenis penelitian ini menggunakan penelitian kuantitatif dengan sumber data sekunder berupa data bulanan dari Januari 2008 sampai Desember 2022. Alat analisis yang digunakan yaitu Autoregressive Distributed Lag (ARDL). Hasil penelitian menunjukkan bahwa variabel nilai tukar berpengaruh negatif signifikan terhadap IHSG baik dalam jangka pendek (nilai tukar tanpa lag dan nilai tukar pada lag kedua) maupun dalam jangka panjang. Variabel inflasi pada leg kedua berpengaruh positif signifikan terhadap IHSG dalam jangka pendek dan tidak berpengaruh signifikan dalam jangka panjang. Sedangkan, variabel suku bunga Bank Indonesia dan kebijakan Quantitative Easing Amerika Serikat tidak berpengaruh signifikan terhadap IHSG baik dalam jangka pendek maupun jangka panjang.
Pengaruh Produk Domestik Bruto, Suku Bunga Simpanan, Indeks Harga Konsumen Terhadap Simpanan Berjangka Bank Umum Indonesia Tahun 2015.1 - 2021.IV Azhizha, Putri Zhulaikha Nur; Astuti, Rini Dwi; Hastuti, Sri Rahayu Budi
JER (Jurnal Ekonomi Regional) Vol. 15 No. 1 (2023): Januari
Publisher : Universitas Pembangunan Nasional "Veteran" Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31315/jer.v15i1.13316

Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh variabel makroekonomi yang meliputi Produk Domestik Bruto, Suku Bunga Simpanan, Indeks Harga Konsumen Terhadap Simpanan Berjangka Bank Umum Indonesia Tahun 2015.1-20211V. Data yang digunakan dalam penelitian ini adalah data time series periode triwulanan dari tahun 2015 sampai 2021 yang diperoleh dari laman resmi Badan Pusat Statistik (BPS) dan Otoritas Jasa Keuangan (OJK). Teknik analisis yang digunakan dalam penelitian ini yaitu regresi linear berganda dengan metode Ordinary Least Square (OLS). Hasil penelitian menunjukan bahwa variabel Produk Domestik Bruto berpengaruh positif signifikan, variabel suku bunga simpanan tidak berpengaruh negatif signifikan dan variabel Indeks Harga Konsumen berpengaruh negatif signifikan