Garuda - Garba Rujukan Digital

Bank Indonesia's Role in Maintaining Monetary Stability and the Payment System in Indonesia M. Faisal Rahendra Lubis; Bella Br Tarigan; Siti Zahra Hsb; Hafizah Salsabilah Manik; Shafira Putri Azhari; Daffa A. Ananda Bayadi
International Journal of Economic, Technology and Social Sciences (Injects) Vol. 6 No. 2 (2025): October 2025
Publisher : CERED Indonesia Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53695/injects.v6i2.1483

This article discusses the role of Bank Indonesia in maintaining monetary and payment system stability as an important part of national economic resilience. Monetary stability is understood as an effort to control inflation, maintain the value of the rupiah, and ensure that the amount of money in circulation is at a level appropriate for economic needs. The development of financial technology and the digitalization of payment systems have also influenced these stabilization mechanisms, requiring Bank Indonesia to adjust its policies to structural changes in the financial system. This research uses a normative legal method with a statute and conceptual approach, and is sourced from primary legal materials such as Article 23D of the 1945 Constitution, Law No. 23 of 1999, and Law no. 6 of 2009, as well as supported by secondary literature from books and scientific journals. The analysis results show that Bank Indonesia implements monetary stabilization through the BI-7DRR interest rate policy, open market operations, exchange rate intervention, and macroprudential instruments to maintain inflation and the stability of the rupiah's value. At the same time, BI's role in the payment system is realized through strengthening digital infrastructure such as QRIS and BI-FAST, improving cybersecurity, and regulations aimed at reducing systemic risk. Research findings also indicate that challenges in the digital age include cybercrime threats, infrastructure inequality, cryptocurrency developments, and the need for regulatory harmonization between institutions. Therefore, the future strategy requires BI to strengthen policy adaptation, increase digital financial literacy, and expand institutional synergies to ensure the sustained maintenance of monetary and payment system stability.

Bank Indonesia's Role in Maintaining Monetary Stability and the Payment System in Indonesia M. Faisal Rahendra Lubis; Bella br Tarigan; Siti Zahra Hsb; Hafizah Salsabilah Manik; Shafira Putri Azhari; Daffa A. Ananda Bayadi
International Journal of Economic, Technology and Social Sciences (Injects) Vol. 6 No. 1 (2025): Mei 2025
Publisher : CERED Indonesia Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53695/injects.v6i1.1569

This article discusses the role of Bank Indonesia in maintaining monetary and payment system stability as an important part of national economic resilience. Monetary stability is understood as an effort to control inflation, maintain the value of the rupiah, and ensure that the amount of money in circulation is at a level appropriate for economic needs. The development of financial technology and the digitalization of payment systems have also influenced these stabilization mechanisms, requiring Bank Indonesia to adjust its policies to structural changes in the financial system. This research uses a normative legal method with a statute and conceptual approach, and is sourced from primary legal materials such as Article 23D of the 1945 Constitution, Law No. 23 of 1999, and Law no. 6 of 2009, as well as supported by secondary literature from books and scientific journals. The analysis results show that Bank Indonesia implements monetary stabilization through the BI-7DRR interest rate policy, open market operations, exchange rate intervention, and macroprudential instruments to maintain inflation and the stability of the rupiah's value. At the same time, BI's role in the payment system is realized through strengthening digital infrastructure such as QRIS and BI-FAST, improving cybersecurity, and regulations aimed at reducing systemic risk. Research findings also indicate that challenges in the digital age include cybercrime threats, infrastructure inequality, cryptocurrency developments, and the need for regulatory harmonization between institutions. Therefore, the future strategy requires BI to strengthen policy adaptation, increase digital financial literacy, and expand institutional synergies to ensure the sustained maintenance of monetary and payment system stability.

Bail-In and Interconnectedness: Strategic Legal Issues in Preventing and Handling Financial System Crises M. Faisal Rahendra Lubis; Syalwa Khairun Nisa; Dwi Purnama Sari; Anggi Saskia Jelita Daulay; Fanny Aurellia Hasyim Lbn Tobing; Ahmad Ryandi Nst
International Journal of Economic, Technology and Social Sciences (Injects) Vol. 7 No. 1 (2026): May 2026
Publisher : CERED Indonesia Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53695/injects.v6i2.1707

Law No. 9 /2016 on the Prevention and Resolution of Financial System Crises regulated principles in the prevention and handling of financial system crises that were not previously regulated. Therefore, this study will analyze the implementation of bail in principle and, interconnectedness in the prevention and resolution of financial system crises. This research was conducted using normative juridical method with analytical descriptive approach and data was analyzed by juridical qualitative. Based on the research, the results show that the implementation of bail-in in handling of systemic banks is done by optimizing bank capability through capital surcharge. The interconnectedness between the financial services sector requires a macro prudential policy complementary to micro prudential policy, and integrated supervision of the financial services sector.

Tanggung Jawab Para Pihak dalam Penggunaan Surat Berharga pada Pengangkutan Barang yang Diasuransikan M. Faisal Rahendra Lubis; Fitri Hizria Ramadahni; Aulia Aulia; Nafra Salsabila; Almira Zuleika Pane
Rechtsnormen Jurnal Komunikasi dan Informasi Hukum Vol. 4 No. 2 (2026): Edisi Februari
Publisher : Ilmu Bersama Center

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56211/rechtsnormen.v4i2.1525

Pengangkutan barang yang diasuransikan melibatkan hubungan hukum yang kompleks antara pengirim, pengangkut, penerima barang, dan perusahaan asuransi. Permasalahan sering muncul ketika terjadi kerugian barang akibat ketidakjelasan pembagian tanggung jawab hukum, terutama dalam penggunaan surat berharga sebagai dasar pembuktian dan pengalihan hak. Penelitian ini bertujuan untuk menganalisis tanggung jawab para pihak dalam penggunaan surat berharga pada pengangkutan barang yang diasuransikan serta mengkaji implikasi hukumnya terhadap klaim dan penyelesaian kerugian. Metode penelitian yang digunakan adalah penelitian hukum normatif dengan pendekatan perundang-undangan dan konseptual. Data diperoleh melalui studi kepustakaan terhadap peraturan perundang-undangan, konvensi internasional, putusan pengadilan, serta literatur hukum yang relevan. Hasil penelitian menunjukkan bahwa surat berharga memiliki kedudukan strategis dalam menentukan pihak yang berhak atas barang dan ganti rugi asuransi. Namun, belum adanya pengaturan yang terintegrasi antara hukum pengangkutan dan hukum asuransi menyebabkan terjadinya tumpang tindih tanggung jawab serta perbedaan penafsiran dalam praktik. Penelitian ini menegaskan perlunya penegasan norma yang mampu mengharmonisasikan fungsi surat berharga dengan mekanisme pertanggungan asuransi guna menciptakan kepastian hukum dan perlindungan yang seimbang bagi seluruh pihak yang terlibat.

Penegakan Hukum Lingkungan Ditinjau dari Undang-Undang Nomor 32 Tahun 2009 tentang Perlindungan dan Pengelolaan Lingkungan Hidup M. Faisal Rahendra Lubis; Isti Qomahnur Ananda; Nurpadila Nurpadila; Putri Rahmi Harahap; Aulia Rahmah Batubara
Jembatan Hukum : Kajian ilmu Hukum, Sosial dan Administrasi Negara Vol. 3 No. 2 (2026): Juni : Jembatan Hukum : Kajian ilmu Hukum, Sosial dan Administrasi Negara
Publisher : Lembaga Pengembangan Kinerja Dosen

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62383/jembatan.v3i2.3119

Environmental law enforcement is one of the important instruments in maintaining environmental sustainability in the midst of increasing industrial activities and technological developments that have the potential to cause pollution and environmental damage. Increasingly complex environmental problems require effective law enforcement to protect people's rights to obtain a good and healthy environment. This study aims to determine the development of environmental law enforcement in Indonesia and analyze the application of administrative, civil, and criminal law enforcement based on Law Number 32 of 2009 concerning Environmental Protection and Management. The research method used is normative legal research with a legislative approach and a conceptual approach, which is analyzed qualitatively descriptively. The results of the study show that environmental law enforcement in Indonesia is carried out through three main instruments, namely administrative law, civil law, and criminal law. Administrative law enforcement focuses more on preventive efforts through supervision and the application of administrative sanctions, while civil law enforcement aims to provide compensation and environmental restoration due to pollution or environmental damage. Meanwhile, criminal law enforcement is applied to perpetrators of environmental crimes to provide a deterrent effect and prevent the recurrence of similar violations. The implications of this study show that the success of environmental law enforcement does not only depend on the existence of laws and regulations, but is also influenced by the quality of law enforcement officials, the effectiveness of supervision, and public awareness in protecting and preserving the environment.

Transformasi Surat Berharga Konvensional ke Surat Berharga Digital dalam Perspektif Hukum Indonesia M. Faisal Rahendra Lubis; Febrianti Siregar; Aswin Rifky Novanta; Arsyad Laksmana Pulungan; Mawardi Syahputra
Jurnal Riset Rumpun Ilmu Sosial, Politik dan Humaniora Vol. 5 No. 3 (2026): Jurnal Riset Rumpun Ilmu Sosial, Politik dan Humaniora
Publisher : Lembaga Pengembangan Kinerja Dosen

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55606/jurrish.v5i3.8198

The rapid development of digital technology has significantly transformed financial transaction systems, including the use of securities. Conventional securities, which traditionally function as instruments of payment, evidence, and transfer of rights, face various challenges such as document forgery, loss, and administrative inefficiency. These conditions have encouraged the digitalization of securities, requiring adjustments within the Indonesian legal framework. This study aims to analyze the transformation of securities from conventional forms to digital formats within the perspective of Indonesian law and to assess the adequacy of existing regulations in addressing such developments. The research employs a normative juridical approach by examining primary legal materials in the form of statutory regulations and secondary legal materials consisting of legal literature and previous studies. The findings indicate that although electronic documents have been legally recognized as valid evidence, there is no specific and comprehensive regulation governing digital securities. Consequently, legal uncertainty remains regarding the transfer of rights, evidentiary strength, and legal protection for holders of digital securities. This study is expected to contribute conceptually to the development of adaptive legal regulations that ensure legal certainty and protection in the context of modern digital transactions.

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