M. Naufal Qinthara
Departemen IESP Fakultas Ekonomika dan Bisnis Universitas Diponegoro

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Analisis Pengaruh Mitigasi Risiko Likuiditas dan Penyaluran Kredit terhadap Pertumbuhan Ekonomi dan Stabilitas Harga Indonesia Tahun 2010.1 – 2019.4 M. Naufal Qinthara; Nugroho SBM
Diponegoro Journal of Economics Vol 10, No 1 (2021)
Publisher : Universitas Diponegoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/djoe.30002

Abstract

This  study aims  to  analyse  the  transmition  nonetary  policies  are  able  to encourage the economy and how their effects on price stability in the short and long term. This study uses secondary time series data   of mitigating the risk of liquidity, credit,  GDP,  and  inflation  of Indonesia  from 2010Q1 to 2019Q4.  The hypothesis testing of this research used the Vector Error Correction Model. Based on the results of the VECM estimation, there is a negative and significant relationship  between the Secondary  Reserve Requirement  on GDP.  However, the interbank money market variable  has a positive effect on GDP in the long run. The volume of bank lending has  a positive effect on GDP,  but can  turn around  to be negative in the long run. In addition,  with inflation as the dependent variable,  the Rupiah interbank money market has a negative and significant effect on inflation in the short and long term. the interbank foreign exchange money market has a positive relationship  to inflation in the long run and the level of bank lending has a positive effect on inflation in the short and long term.