Document Type
Article
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.Keyword: Error Correction Model, Interest rate, Financial market, Money Supply, Lending rate.JEL: C22, E44, E51
Recommended Citation
Kurniawan, Taufik
(2004)
"DETERMINAN TINGKAT SUKU BUNGA PINJAMAN DI INDONESIA TAHUN 1983 – 2002,"
Bulletin of Monetary Economics and Banking: Vol. 7:
No.
3, Article 2.
DOI: https://doi.org/10.21098/bemp.v7i3.118
Available at:
https://bulletin.bmeb-bi.org/bmeb/vol7/iss3/2
First Page
437
Last Page
457
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
Country
Indonesia
Affiliation
Universitas Negeri Sebelas Maret
