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Pengaruh Penggabungan Mata Uang di Uni Eropa terhadap International Risk Sharing dan Home Bias Triandhari, Risna; Safuan, Sugiharso
Jurnal Ekonomi dan Pembangunan Indonesia Vol. 12, No. 2
Publisher : UI Scholars Hub

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Resident of the industrialized countries can lower some of their economic risk they face by diversifying their portfolios including foreign assets. In the world with perfect capital mobility, international risk sharing will reduce saving with constant relative risk aversion. The objective of this study to analyze the impact of the establishment of single currency on the degree of international risk sharing and the home bias among country member of European Union (EU). Using panel data, the increasing output correlation between individual countries and group of eleventh countries indicate the adoption of single currency increase the degree of international risk sharing.
Digital Transformation in Banking Sector: The Effect of Covid-19 Pandemic in Indonesia Aisyah Nurjannah Siwi; Risna Triandhari; Raden Parianom
LAA MAISYIR: Jurnal Ekonomi Islam The 2nd International Collaboration Conference on Islamic Economics (ICCEIS) 2024 “Global Innovati
Publisher : Universitas Islam Negeri Alauddin Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24252/lamaisyir.v1i1.52940

Abstract

The provision of digital services can support the need for integrated financial services, enhance operational cost efficiency, and improve financial performance. This research aims to examine the impact of providing digital services on the financial performance of banks before and during COVID-19, as well as to compare the impact on Islamic banks and conventional banks in Indonesia. This research utilizes secondary data from 15 Islamic banks and 20 conventional banks in Indonesia during the years 2017 - 2022, and estimates by static panel data model such as the fixed effect model (FEM) and random effect model (REM). The findings of this research indicate that the development of digital services significantly influences the financial performance of both Islamic and conventional banks, both before and during COVID-19. Furthermore, there are differences in the impact of providing digital services between Islamic banks and conventional banks before COVID-19. These findings may indicate the effectiveness of banks in developing services and enhancing overall technology adoption.
International Trade in Muslim-Majority Countries and Volatility of The Dollar Exchange Rate Desmintari; Parianom, Raden; Triandhari, Risna; Listyanto, Bryan
Interdiciplinary Journal and Hummanity (INJURITY) Vol. 2 No. 9 (2023): INJURITY: Journal of Interdisciplinary Studies.
Publisher : Pusat Publikasi Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58631/injurity.v2i9.121

Abstract

The study was to examine the relationship between the volatility of the dollar exchange rate on international trade variables, namely exports and imports, in 3 Muslim-majority countries. This study analyzes the possibility that the volatility of the dollar exchange rate can hamper the economy of a country. The method used is the Autoregressive Distributed Lag and Error Correction Model (ARDL-ECM) to analyze the short-term and long-term relationship between the volatility of the dollar exchange rate against international trade in Indonesia, Pakistan, and Turkey. And to see the causality relationship between variables, the Granger-Causality method is used. The data used are monthly data for the period January 2006 to December 2021. From this research, it can be seen that in the long term there is no relationship between exchange rate volatility and export performance except in Turkey. Meanwhile, there is a relationship between exchange rate volatility and import performance in Pakistan and Turkey. In the short term in the export dependent model, Turkey is the country that takes the longest to respond to shocks to international trade, while in the import dependent model, Indonesia takes the longest to respond to shocks and Pakistan is the fastest country.
Volatility Dynamics of Islamic and Conventional Equity Portfolios During COVID-19: Evidence from Fama-French and GARCH Models Haikal, Muhammad Barry; Triandhari, Risna; Parianom, Raden
AL-MUZARA'AH Vol. 13 No. 1 (2025): AL-MUZARA'AH (June 2025)
Publisher : Department of Islamic Economics, IPB University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29244/jam.13.1.109-126

Abstract

This paper examines the performance and volatility of Islamic equity portfolios in contrast to their conventional counterparts during the pre-pandemic, COVID-19 pandemic, and post-pandemic periods. Using daily data gathered from February 2019 to December 2023, this study employs the Fama-French factor models alongside GARCH-type models to evaluate risk-adjusted returns and volatility of portfolios. Furthermore, shariah screening rules, particularly those related to debt ratios, are integrated into the portfolio construction process to assess their influence on performance. The results show that while Islamic equity portfolios generally deliver lower returns, they demonstrate significantly lower volatility. This relation implicitly suggests a trade-off between risk and return, which are amplified further during periods of market stress. These findings contribute to the growing literature on Islamic finance by demonstrating the stability provided by shariah-compliant equity portfolios. Future research may explore sector-specific performance or extend the framework to other economies.
Efektivitas Pendampingan dan Diskusi Kelompok Terarah dalam Memperluas Akses Kredit Usaha Rakyat bagi UMK Parianom, Raden; Vidriza, Ullya; Triandhari, Risna
Jurnal Pengabdian kepada Masyarakat Nusantara Vol. 6 No. 4 (2025): Edisi Oktober - Desember
Publisher : Lembaga Dongan Dosen

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55338/jpkmn.v6i4.7114

Abstract

Kegiatan pengabdian masyarakat ini dilatarbelakangi oleh rendahnya akses Usaha Mikro Kecil (UMK) terhadap program Kredit Usaha Rakyat (KUR) di Kota Cibinong. Permasalahan utama yang ditemukan adalah keterbatasan pemahaman UMK mengenai prosedur KUR, minimnya kemampuan penyusunan laporan keuangan, serta rendahnya pemanfaatan teknologi dalam pemasaran. Metode pelaksanaan dilakukan melalui diskusi kelompok terarah dan pendampingan teknis kepada 75 UMK. Kegiatan mencakup literasi KUR, pelatihan penyusunan laporan keuangan, dan pemanfaatan teknologi pemasaran digital. Hasil kegiatan menunjukkan adanya peningkatan signifikan terhadap pemahaman UMK mengenai KUR, keterampilan penyusunan laporan keuangan, serta adopsi teknologi pemasaran. Diskusi kelompok terarah terbukti efektif sebagai metode pemberdayaan UMK untuk meningkatkan akses pembiayaan formal. Kegiatan ini juga memberikan kontribusi pada pengurangan kesenjangan ekonomi dan pemberdayaan masyarakat lokal. Oleh karena itu, pendampingan UMK perlu terus dilakukan secara berkelanjutan agar dampaknya dapat lebih luas dan berkesinambungan.