Pengaruh Pengumuman Pembatasan Aktivitas Masyarakat dan Restrukturisasi Kredit terhadap Tingkat Bunga Antar Bank

Murharsito Murharsito

Abstract


This study aimed to analyze the effect of public activity restriction announcements and credit restructuring on interbank interest rates in Indonesia during the Covid-19 pandemic. This study used the event study method by analyzing changes in interbank interest rates 5 days before and after the announcement event. The announcement of restrictions on community activities consisted of the announcement of the first Covid-19 case in Indonesia, the first PSBB, the second PSBB and emergency PPKM. Meanwhile, the announcement of credit restructuring consisted of a presidential announcement regarding credit relief, the Minister of Finance regarding MSME credit relief and the Chairman of the OJK regarding extending credit relaxation. From the results of the analysis, only the announcement of the minister of finance regarding MSME credit relief had an effect on interbank interest rates.

Keywords


Covid-19, Pembatasan aktivitas masyarakat, restukturisasi kredit, tingkat bunga antar bank

Full Text:

PDF

References


Anggraini, D. (2021). Dampak Covid-19 Terhadap Perubahan Harga Saham. Jurnal Bisnis, Ekonomi, Manajemen, dan Kewirausahaan, 1(1), 1-13.

Astuti, P. B., & Mahardhika, A. S. (2020). COVID-19: How does it impact to the Indonesian economy? Jurnal Inovasi Ekonomi, 5(02), 85-92.

Ayodele, T., Akinyede, O. M., & Iyabode, M. (2020). Corona virus (COVID-19) pandemic and Nigerian financial market. Journal of Management Information and Decision Sciences, 24(4), 1-10.

Bodnár, Á. Z. (2021). An analysis of the Hungarian unsecured interbank market before and after the COVID-19 pandemic. ECONOMY & FINANCE: ENGLISH-LANGUAGE EDITION OF GAZDASÁG ÉS PÉNZÜGY, 8(2), 193-209.

Christensen, J. H., Lopez, J. A., & Rudebusch, G. D. (2014). Do central bank liquidity facilities affect interbank lending rates? Journal of Business & Economic Statistics, 32(1), 136-151.

Cieslak, A., & Schrimpf, A. (2019). Non-monetary news in central bank communication. Journal of International Economics, 118, 293-315.

Dinda, I. G. A. A. I., Jelantik, L., & Suarjaya, A. A. G. (2022). ANALYSIS OF CAPITAL MARKET REACTION TO THE ANNOUNCEMENT OF THE MINISTER OF FINANCE REGULATION (PMK) NUMBER 20/PMK. 010/2021 AND NUMBER 77/PMK. 010/2021. American Journal of Humanities and Social Sciences Research, 6(3).

Disemadi, H. S., & Shaleh, A. I. (2020). Banking credit restructuring policy amid COVID-19 pandemic in Indonesia. Jurnal Inovasi Ekonomi, 5(02), 63-70.

Gjerstad, P., Meyn, P. F., Molnár, P., & Næss, T. D. (2021). Do President Trump's tweets affect financial markets? Decision Support Systems, 147, 113577.

Haryanto, H. (2020). Dampak Covid-19 terhadap pergerakan nilai tukar rupiah dan indeks harga saham gabungan (IHSG). Indonesian Journal of Development Planning, 4(2), 151-165.

Irwan, I. F., Reynaldi, V., Paulina, W., Wahyuni, N. S., Aghniya, S. S., & abdul Hadi, D. (2022). CREDIT RESTRUCTURING AND FINANCIAL PERFORMANCE BEFORE AND DURING THE COVID-19 PANDEMIC. CENTRAL ASIA & THE CAUCASUS, 23(1), 4668-4677.

Jecuinna, P., & Zielma, A. (2021). Dampak Penerapan PSBB Covid-19 dan Harga Saham LQ-45 di Bursa Efek Indonesia (BEI). Jurnal of Economic, Management, and Accounting, 4(2), 149-157.

Juli, J. I. (2020). Reaksi Reaksi Pasar Modal Terhadap Pengumuman PSBB DKI Jakarta Jilid II:(Event Study Lq-45 Terdaftar BEI). Jurnal Edueco, 3(2), 51-66.

Junaidi, L. D., Siregar, L. H., & Anan, M. (2021). Dampak Covid-19 terhadap Fluktuasi Harga Saham dan Volume Transaksi Saham pada Perusahaan Subsektor Telekomunikasi Yang Terdaftar di Bursa Efek Indonesia. Ekonomis: Journal of Economics & Business, 5(1), 73-77.

Kinasih, H. W., & Rukmana, R. H. (2021). Dampak Nilai Tukar Rupiah Terhadap Harga Saham Yang Dimoderasi Oleh Pertambahan Kasus Covid 19 Di Indonesia. Jurnal Akademi Akuntansi, 4(1), 50-55.

Meilani, M., Diana, N., & Mawardi, M. C. (2021). Dampak Covid-19 terhadap harga saham gabungan yang terdaftar di Bursa Efek Indonesia. Jurnal Ilmiah Riset Akuntansi, 10(05).

Murharsito, M. (2021). Pengaruh Pengumuman PPKM Darurat terhadap Harga dan Return Saham Perbankan. Jurnal Dinamika Ekonomi & Bisnis, 18(2), 119-130.

Nurmasari, I. (2020). Dampak covid-19 terhadap perubahan harga saham dan volume transaksi (Studi kasus pada PT. Ramayana Lestari Sentosa, Tbk.). Jurnal SEKURITAS, 3(3), 230-236.

Pasaribu, S. E., & Pasaribu, S. E. (2020). Analisis Dampak Pandemi Covid-19 Terhadap Harga Saham PT Garuda Indonesia Persero (Tbk). Jurnal Aktiva: Riset Akuntansi dan Keuangan, 2(2), 44-50.

Rafsyanjani, R., & Wuryani, E. (2021). Analisis Harga Saham Perusahaan Transportasi DI BEI Sebelum danSesudah Covid-19. JIKEM: Jurnal Ilmu Komputer, Ekonomi dan Manajemen, 1(1), 1-9.

Rifa’i, M. H., Junaidi, J., & Sari, A. F. K. (2020). Pengaruh peristiwa pandemi COVID-19 terhadap indeks harga saham gabungan. Jurnal Ilmiah Riset Akuntansi, 9(06).

SAAS, D. C., & Suardikha, I. (2018). Indonesian capital market reaction on the Regulation of the Minister of Finance Concerning Technical instructions on information Access for Interest of Taxation. Russian Journal of Agricultura & Socio-Economic Sciences, 78(6), 267-274.

Septriawan, M. R., Mulyani, S., & Iqbal, M. (2021). Pengaruh Rektrukturisasi Kredit di Masa Pandemi Covid-19 Terhadap Pendapatan pada Perusahaan Perbankan Yang Terdaftar Di Bursa Efek Indonesia. Ekonomis: Journal of Economics & Business, 5(1), 94-98.

Sugandi, E. A. (2022). Indonesia’s financial markets and monetary policy dynamics amid the Covid-19 pandemic. Asia-Pacific Financial Markets, 29(3), 411-447.

Wenno, M. J. (2020). Dampak Covid-19 Terhadap Perubahan Harga Saham Dan Volume Transaksi (Studi Kasus Pada PT. Bank Mandiri. Tbk). Soso-Q: Jurnal Manajemen, 8(2), 84-91.




DOI: http://dx.doi.org/10.31000/bvaj.v6i2.7265

Article Metrics

Abstract - 256 PDF - 165

Refbacks

  • There are currently no refbacks.


Jurnal ini telah terindeks dalam:


googleGaruda crossref dimention

 

 

Balance Vocation Accounting Journal is licensed under a Creative Commons Attribution-ShareAlike 4.0

View BVAJ Stats