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All Journal Laa Maisyir Jurnal Ekonomi Islam EkBis: Jurnal Ekonomi dan Bisnis
Alfaina Zia Inayati
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Economics, Econometrics & Finance Social Sciences

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Examining Financial and Macroeconomic Drivers of NPF in Islamic Rural Banks of Indonesia Alfaina Zia Inayati; Ruspita Rani Pertiwi
LAA MAISYIR: Jurnal Ekonomi Islam Vol 12 No 1 (2025)
Publisher : Universitas Islam Negeri Alauddin Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24252/lamaisyir.v12i1.58247

Abstract

Islamic Rural Banks (BPRS) play an important role in promoting financial inclusion in Indonesia, particularly for micro and small enterprises. However, the high Non Performing Financing ratio indicates the poor quality of financing and risk management, which disrupts intermediation functions and threatens the stability of banks. This study aims to analyze the influence of financial and macroeconomic variables on BPRS NPF in the short and long term, using the Vector Error Correction Model approach based on monthly data from January 2021 to December 2024. The analysis results indicate that in the short term, the Capital Adequacy Ratio (CAR), Financing to Deposit Ratio (FDR), and inflation significantly increase NPF, whereas Gross Domestic Product (GDP) does not have a significant effect. In the long term, CAR and inflation continue to have a positive impact, while FDR and GDP are not significant. These findings highlight the need for BPRS to strengthen risk management systems, improve financing selection processes, and adjust BPRS operational strategies to macroeconomic dynamics. OJK needs to encourage the implementation of early warning systems and prudent financing limits, while the government needs to maintain macroeconomic stability, particularly in controlling inflation, to support the resilience and sustainability of BPRS in the future.
Does Digital Finance Reduce Cash Holdings? Evidence on Money Demand in ASEAN Nala Syifa Dewanti; Cinta Laura Nurhan; Alfaina Zia Inayati
EkBis: Jurnal Ekonomi dan Bisnis Vol. 9 No. 2 (2025): EkBis: Jurnal Ekonomi dan Bisnis
Publisher : Fakultas Ekonomi dan Bisnis Islam, UIN Sunan Kalijaga Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/EkBis.2025.9.2.2813

Abstract

This study investigates the impact of digital finance, alongside globalization and exchange rates, on money demand in six ASEAN countries (Indonesia, Malaysia, Singapore, Thailand, Philippines, and Vietnam) from 2015-2023. The primary purpose is to analyze how digital financial transformation influences cash holdings and monetary stability in a developing regional context, an area with limited empirical evidence. Utilizing a panel data regression approach with fixed effects model estimation, the research employs indicators suc as ATM density, mobile subscriptions, internet penetration, the KOF Globalization index, and official exchange rates. The main findings remain dominant drivers: ATM access and globalization have positive effects on broad money demand. However, a composite Digital Financial Inclusion Index consolidating digital variables exhibits a strong positive significant effect, digital advancements holistically strengthen financial deepening. The study contributes to monetary economics by highlighting the complex, evolving nexus between digitalization and money demand in emerging economies.
Co-Authors Cinta Laura Nurhan Nala Syifa Dewanti Ruspita Rani Pertiwi