DETERMINAN TINGKAT SUKU BUNGA PINJAMAN DI INDONESIA TAHUN 1983-2002

Taufik Kurniawan
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Taufik Kurniawan: Sebelas Maret University

Bulletin of Monetary Economics and Banking, 2004, vol. 7, issue 3, 437-459

Abstract: This paper analyzes the role of international interest rate, money supply, inflation, SBI rate (Sertifikat Bank Indonesia) and GDP on the lending rate. We use the Error Correction Model on Indonesian yearly data from 1983 – 2002 and confirm the significant of these explanatory variables as the determinant of short and long term credit lending rates. These findings conforms the necessity for Bank Indonesia as monetary authority to take into account the external factors and support the integration of domestic and foreign financial market.

Keywords: Error Correction Model; Interest rate; Financial Market; Money Supply; Lending Rate. (search for similar items in EconPapers)
JEL-codes: C22 E44 E51 (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:idn:journl:v:7:y:2004:i:3c:p:437-459

DOI: 10.21098/bemp.v7i3.118

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