Adakah Saluran Pinjaman Bank Dasar Monetari Relevan? Kajian Data Panel dari Indonesia
Is Bank Lending Channel of Monetary Policy Relevance? A Panel Study of Indonesia

Fakulti Ekonomi dan Pengurusan
Universiti Kebangsaan Malaysia
43600 UKM Bangi, Selangor, MALAYSIA

mz@ukm.edu.my / mzkarim72@yahoo.com

Fakulti Perniagaan dan Kewangan
Universiti Tunku Abdul Rahman
Jalan Universiti, Bandar Barat
31900 Kampar, Perak, MALAYSIA

nie_nora222@yahoo.com.my

Fakulti Ekonomi dan Pengurusan
Universiti Kebangsaan Malaysia
43600 UKM Bangi, Selangor, MALAYSIA

fatin@ukm.edu.my

Abstract

This paper aims to investigate the relevance of bank lending channel in Indonesia by using bank level data set for a period from 1990 to 2010. A static panel data method namely fixed effects and random effects model are used in estimating the banks’ loan supply function. Besides monetary policy variable, several macroeconomic variables (real GDP and inflation), and bank characteristic variables (bank size, liquidity and bank capital) are also considered in estimating the banks’ loan supply function. The findings support the existence of bank lending channel in Indonesia, in which the banks’ loan supply is negatively and significantly influenced by monetary policy. The banks’ specific variables such as bank liquidity and bank capital ratio are statistically significant and negatively correlated, while asset size is significant and positively correlated with the banks’ loan supply.

Keywords

Bank lending channel; Monetary policy; static panel data

Citation

Abdul Karim, Z., Abdullah, N., & Said, F. F. (2014). Adakah Saluran Pinjaman Bank Dasar Monetari Relevan? Kajian Data Panel dari Indonesia. Jurnal Pengurusan, 40, 151–161.

@article{abdul karim2014saluran,
  title={Adakah Saluran Pinjaman Bank Dasar Monetari Relevan? Kajian Data Panel dari Indonesia},
  author={Abdul Karim, Zulkefly and Abdullah, Noraini and Said, Fathin Faizah},
  journal={Jurnal Pengurusan},
 

volume={40},
  number={},
  pages={151—161},
  year={2014},
  doi={},
  publisher={Penerbit UKM},
}

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40 (2014) 151 – 161

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