Dampak Kondisi Makroekonomi terhadap Deposito Perbankan Syariah di Indonesia
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Published:
Sep 21, 2018
Keywords:
macroeconomic, global financial crisis, Islamic banking, mudharabah deposits, VECM
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Abstract
Changes in macroeconomic conditions have an impact towards financial industry, particularly in the banking industry. This research aims to look at the impact of global financial crisis and macreconomic variables towards the total deposits of Islamic banking in Indonesia with the VECM method. The period of this study using monthly data from January 2006 until December 2016. The results showed that the global financial crisis has no effect towards the total deposits of Islamic banking in Indonesia. Then, based on the analysis of Impulse Response Function (IRF), the response of total deposits of Islamic banking in Indonesia towards inflation, equivalent rate and lending rate is positive. While the shocks level of conventional banking interest rate and industrial growth is negatively responded by total deposits in Islamic banking. The Forecast Error Variance Decomposition (FEVD) analysis results showed that equivalent rate and interest rate offered by each banking system give most contributed among other variables.
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References
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Kasim, S.H., Majid, M.S.A., & Yusof, R.M. (2009) Impact of monetary policy shocks on the conventional and Islamic banks in a dual banking system: Evidence from Malaysia. Journal. Econ. Coop. Dev, 30(1), 41-58.
Sugema, I. (2012) Krisis keuangan global 2008-2009 dan implikasinya pada perekonomian Indonesia. Jurnal Ilmu Pertanian Indonesia (JIPI), 17(3), 145-152.
[OJK] Otoritas Jasa Keuangan. (2016) Statistik Perbankan Syariah Indonesia Desember 2016 [internet]. [diunduh 2016 Feb 23]. Tersedia pada: http://www.ojk.go.id
__________________________. (2015) Statistik Perbankan Syariah Indonesia Desember 2015 [internet]. [diunduh 2016 Feb 23]. Tersedia pada: http://www.ojk.go.id
__________________________. (2014) Statistik Perbankan Syariah Indonesia Desember 2014 [internet]. [diunduh 2016 Feb 23]. Tersedia pada: http://www.ojk.go.id
__________________________. (2013) Statistik Perbankan Syariah Indonesia Desember 2013 [internet]. [diunduh 2016 Feb 23]. Tersedia pada: http://www.ojk.go.id
__________________________. (2012) Statistik Perbankan Syariah Indonesia Desember 2012 [internet]. [diunduh 2016 Feb 23]. Tersedia pada: http://www.ojk.go.id.
Aziz, H.A., Musse, O.S.H., & Echchabi, A. (2014) Factors determining Islamic banks’ deposits in Qatar: An empirical study. International Journal of Economic Practices and Theories, 4(6), 987-994.
Beck, T., Demirguc-Kunt, A., & Merrouche, O. (2010) Islamic vs. conventional banking: Business model, efficiency, and stability. World Bank Policy Reseacrh Working Paper.
[BI] Bank Indonesia. (2011) Statistik Perbankan Indonesia Desember 2011 [internet]. [diunduh 2016Feb23]. Tersedia pada: http://www.bi.go.id
__________________. (2010) Statistik Perbankan Indonesia Desember 2010 [internet]. [diunduh 2016 Feb 23]. Tersedia pada: http://www.bi.go.id
__________________. (2009) Statistik Perbankan Indonesia Desember 2009 [internet]. [diunduh 2016 Feb 23]. Tersedia pada: http://www.bi.go.id
__________________. (2008) Statistik Perbankan Indonesia Desember 2008 [internet]. [diunduh 2016 Feb 23]. Tersedia pada: http://www.bi.go.id
__________________. (2007) Statistik Perbankan Indonesia Desember 2007 [internet]. [diunduh 2016 Feb 23]. Tersedia pada: http://www.bi.go.id
__________________. (2006) Statistik Perbankan Indonesia Desember 2006 [internet]. [diunduh 2016 Feb 23]. Tersedia pada: http://www.bi.go.id
__________________. (2005) Statistik Perbankan Indonesia Desember 2005 [internet]. [diunduh 2016 Feb 23]. Tersedia pada: http://www.bi.go.id
Chong, B.S. & Liu, M.H. (2008) Islamic banking: Interest-free or interest based?. Pasific-Basin Finance Journal, 17(1), 125-144.
Haron, S. & Azmi, W.N.W. (2008) Determinants of Islamic and conventional deposits in the Malaysian banking system. Managerial Finance, 34, 618-643.
Karim, A.( 2003) Bank Islam: Analisis Fiqih dan Keuangan. Jakarta, IIIT Indonesia.
Karim, B.A., Lee, W.S., Karim, Z.A., & Jais, M. (2012) The impact of subprime mortgage crisis on Islamic banking and Islamic stock market. International Congress on Interdisciplinary Business and Social Science 2012.
Kasim, S.H., Majid, M.S.A., & Yusof, R.M. (2009) Impact of monetary policy shocks on the conventional and Islamic banks in a dual banking system: Evidence from Malaysia. Journal. Econ. Coop. Dev, 30(1), 41-58.
Sugema, I. (2012) Krisis keuangan global 2008-2009 dan implikasinya pada perekonomian Indonesia. Jurnal Ilmu Pertanian Indonesia (JIPI), 17(3), 145-152.
[OJK] Otoritas Jasa Keuangan. (2016) Statistik Perbankan Syariah Indonesia Desember 2016 [internet]. [diunduh 2016 Feb 23]. Tersedia pada: http://www.ojk.go.id
__________________________. (2015) Statistik Perbankan Syariah Indonesia Desember 2015 [internet]. [diunduh 2016 Feb 23]. Tersedia pada: http://www.ojk.go.id
__________________________. (2014) Statistik Perbankan Syariah Indonesia Desember 2014 [internet]. [diunduh 2016 Feb 23]. Tersedia pada: http://www.ojk.go.id
__________________________. (2013) Statistik Perbankan Syariah Indonesia Desember 2013 [internet]. [diunduh 2016 Feb 23]. Tersedia pada: http://www.ojk.go.id
__________________________. (2012) Statistik Perbankan Syariah Indonesia Desember 2012 [internet]. [diunduh 2016 Feb 23]. Tersedia pada: http://www.ojk.go.id.