Claim Missing Document
Check
Articles

Found 22 Documents
Search

MODERN MONETARY UNREST: PUBLIC POLICY RESPONSES TO THE ADOPTION OF BITCOIN AS A HEDGE AGAINST SYSTEMIC FIAT INFLATION Mu'awwanah, Uliyatul; Mursidah, Mursidah; Masithoh, Fitria Nur; Mu'awanah, Mu'awanah; Hamdi, Muhammad
International Conference on Humanity Education and Society (ICHES) Vol. 4 No. 1 (2025): The 4rd International Conference on Humanity Education and Society (ICHES)
Publisher : FORPIM PTKIS ZONA TAPAL KUDA

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

Abstract

The post-2008 crisis era, accelerated by the COVID-19 pandemic, has ushered in a permissive global monetary policy, raising essential questions about the sustainability of the fiat monetary system. This has triggered a trust deficit, fundamentally challenging what is termed the "Monetary Social Contract"-an implicit agreement wherein citizens entrust the store of value function to state-issued currency, with the adoption of Bitcoin in Indonesia becoming an expression of this unrest. This paper aims to (1) analyze the primary drivers behind the search for independent (non-state) hedge assets, (2) examine their implications for national monetary sovereignty, and (3) formulate a framework for innovative public policy responses using a qualitative approach through conceptual analysis and a literature study of secondary data. The findings indicate that the impetus for Bitcoin adoption originates not only from domestic inflation data but also as a reaction to the global phenomenon of systemic fiat devaluation. Its primary implications are the potential weakening of monetary policy transmission and a decline in the demand base for the Rupiah. It is concluded that prohibitive policy responses would be counter-productive. This paper recommends a dual-track approach: (1) strengthening the monetary social contract through innovation in state financial instruments, and (2) integrating independent (non-state) assets into a safe and controlled regulatory framework.
Pengaruh Dana Syirkah Temporer dan Islamic Corporate Governance Terhadap Kinerja Maqashid Syariah Bank Umum Syariah di Indonesia yang Terdaftar di Otoritas Jasa Keuangan (OJK) Periode 2017-2022 Safitri, Razila Aulina; Mursidah, Mursidah; Indrayani, Indrayani; Yunina, Yunina
Jurnal Riset Mahasiswa Akuntansi Vol. 13 No. 1 (2025): JURNAL RISET MAHASISWA AKUNTANSI VOLUME 13 NOMOR 1 TAHUN 2025
Publisher : Fakultas Ekonomika dan Bisnis Universitas PGRI Kanjuruhan Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21067/jrma.v13i1.11660

Abstract

This study aims to determine the influence of temporary syirkah funds and Islamic corporate governance on the performance of maqashid sharia of Sharia Commercial Banks in Indonesia registered in the Financial Services Authority for the period 2017-2022. This research uses secondary data in the form of annual reports from each Sharia Commercial Bank obtained from each Sharia Commercial Bank’s website. The sample in this study consists of 10 Sharia Commercial Banks in Indonesia registered with the Financial Services Authority for the period 2017-2022. The data analysis method used is multiple linear regression test using the help of Eviews version 10 software. The results of the study show that temporary syirkah funds and Islamic corporate governance partially do not significantly affect the performance of maqashid sharia. Meanwhile, based on the results of simultaneous tests, it was found that temporary syirkah funds and Islamic corporate governance simultaneously do not significantly affect the performance of maqashid sharia of Sharia Commercial Banks in Indonesia registered with the Financial Services Authority for the period 2017-2022. This indicates that both temporary syirkah funds and Islamic corporate governance do not have a significant impact or contribution in improving the performance of maqashid sharia of Sharia Commercial Banks in Indonesia.