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All Journal JRB-Jurnal Riset Bisnis
Edwin Basmar
National Research and Innovation Agency - BRIN
Economics, Econometrics & Finance

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Financial Cycle Intensity In The Indonesian Green Finance Edwin Basmar; Gunawan Baharuddin
Jurnal Riset Bisnis Vol. 8 No. 2 (2025): April
Publisher : Fakultas Ekonomi dan Bisnis Universitas Pancasila Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35814/jrb.v8i2.8543

Abstract

The financial cycle intensity as an indicator in identifying, measuring and analyzing the green finance effectiveness in the banking sector. This study uses time series data from Bank Indonesia's Financial Report from 1980 to 2024. In order to measure macroeconomic pressures on the financial cycle intensity that have an impact on the banking sector performance. The data is analyzed with the Ed Waves Index development model using E-views 9 software. The paper's main finding that the financial cycle intensity has a significant effect on the banking intermediary function. However, the banking intermediary function works in an unbalanced condition, resulting in high Non-Performing Loans accompanied by a lack of financial liquidity. Therefore green finance in the banking sector can only increase economic growth and has not been able to maintain financial stability. Furthemore, Bank Indonesia has a strong role in maintaining the financial cycle movement in order to improve the banking intermediary function towards the green finance effectiveness in achieving a balance between the financial ecosystem and the environmental ecosystem simultaneously.
ANTITESIS KRISIS GREEN FINANCE MELALUI HEXA HELIX +1 ZAKAT DI INDONESIA Edwin Basmar; Gunawan Baharuddin
Jurnal Riset Bisnis Vol. 9 No. 1 (2025): Oktober
Publisher : Fakultas Ekonomi dan Bisnis Universitas Pancasila Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35814/hgt8a127

Abstract

Mencegah efek negatif krisis green finance melalui kinerja hexa helix +1 dalam menigkatkan stabilitas keuangan dan pertumbuhan perekonomian menjadi tujuan penelitian ini. Laporan tahunan Bank Indonesia dari tahun 1990 hingga tahun 2024 secara timeseries dihitung berdasarkan model pengembangan Ed Waves Index menggunakan E-Views Versi 9 menjadi dasar penelitian. The paper’s main finding bahwa krisis green finance hanya dapat dicegah melalui tingginya religuisitas (zakat). Sementra disisi lain tekanan krisis green finance akan menimbulkan reaksi negative pada sektor perbankan ketika inflasi sebagai elemen makroekonomi mengalami tekanan. Therefore, secara keseluruhan keseimbangan keuangan dalam perekonomian Indonesia belum dapat menciptakan stabilitas keuangan dan pertumbuan perekonomian melaui realisasi green finance, namun peningkatan religuistas yang tinggi menjadi satu-satunya elemen perekonomian yang dapat mencegah krisis green finance. Furthemore, diperlukan integrasi kinerja perbankan dan lembaga lainnya untuk dapat meningkatkan efektifitas green finance di Indonesia. Melalui kontrol Bank Indonesia, kebijakan monter yang seimbang memberikan efek positif pada aliran keuangan untuk mencegah krisis keuangan dan lingkungan.
Co-Authors Baharuddin, Gunawan