EVALUASI EFEKTIFITAS INSTRUMEN MAKROPRUDENSIAL DALAM MENGURANGI RESIKO SISTEMIK DI INDONESIA

EVALUASI EFEKTIFITAS INSTRUMEN MAKROPRUDENSIAL DALAM MENGURANGI RESIKO SISTEMIK DI INDONESIA

Author        : PEGGY HARIWAN; Ayu Swaningrum, SE, M.Si
Published on    : Seminar and Call for Papers 2014 3rd Economic and Business Research Festival (UKSW-Salatiga Indonesia)

Abstract

“This study discusses the instrument and the using of macroprudentialpolicy, and aims to test the effectiveness of macroprudential policy in Indonesia. Macroprudential policy is one way of encouraging the creation of a stable and healthy financial system so that these aspects can contribute to the growth and stability of the national economy. Three powerful frameworks for macroprudential supervision are financial sustainability, efficiency financial markets, and the avoidance of imbalances / excesses. This framework together with a stable macroeconomic environment, a secure payment system and a strong, well-organized financial institutions, and the framework of prudential supervision become the foundation for financial stability. This study uses the LTV, and the LDR restrictions, as a proxy for macroprudential policy instruments, as well as the use of OLS in testing the effectiveness of macroprudential policy.”

Keywords: macroprudential policy, the economy prosiklikalitas, LTV, LDR restrictions, SDBK, and OLS.