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Macroeconomic Determination of Indonesian Bank Interest Rates Turyandi, Itto; Abd Aziz, Mohd Kasturi Nor; Triaji, Ermi; Muhammad Al Mighwar; Deden Suherman, Usep
Journal of Islamic Economics and Business Vol. 4 No. 2 (2024): Journal of Islamic Economics and Business
Publisher : Fakultas Ekonomi dan Bisnis Islam

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Abstract

The determination of interest rates by Bank Indonesia plays an important role in supporting national economic stability and growth. Although previous studies have highlighted the relationship between interest rates and economic growth and market performance, studies on macroeconomic determinants of interest rate determination are still limited. This study aims to analyze the effect of inflation and exchange rates on Bank Indonesia's interest rates in the period 2004 to 2023, covering both crisis and non-crisis periods. The method used is a quantitative approach with multiple linear regression analysis, as well as classical assumption tests to ensure the validity of the model. The results of the study show that inflation has a positive and significant effect on interest rates, while the exchange rate does not show a significant effect. This finding indicates that inflation is the main factor that Bank Indonesia considers in determining interest rate policy. The policy implications of this study emphasize the importance of controlling inflation in order to maintain the effectiveness of monetary policy and long-term economic stability.
Trend Strategy to Prevent Bullying in Islamic Boarding Schools (Pesantren) Arif, Muhamad; Abd Aziz, Mohd Kasturi Nor; Abdurakhmonovich, Yuldashev Azim
Jurnal Ilmiah Peuradeun Vol. 12 No. 2 (2024): Jurnal Ilmiah Peuradeun
Publisher : SCAD Independent

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26811/peuradeun.v12i2.1087

Abstract

The presence of bullying within Islamic boarding schools is a serious issue that demands immediate attention and prevention. This research aimed to investigate the factors of bullying, the characteristics of bullying behavior in Islamic boarding schools, and the preventative measures implemented by Islamic boarding schools to shield their students. The research approach employed is a systematic literature review focused on published articles. The data was restricted to articles published from 2013 to 2023. The researchers used PRISMA analysis to analyze the data. The research results found that individual, a supportive environment, parental parenting patterns, particularly authoritarian parenting patterns, and aggressive or violent video or film elements were all factors in bullying. Several strategies had been put into effect, including the following: creating a fun cottage movement (GPM) program, strengthening conflict and emotional management, carrying out regular outreach and training regarding the dangers of bullying, cyber bullying, and legal education for bullies, implementing an anti-bullying curriculum, and others. Besides, more comprehensive research findings indicated that Islamic boarding schools must implement character formation based on Josephson’s “Character Counts” theory with six main pillars to prevent bullying behavior among students.