Non Core Liabilities Bank, Perannya dalam Membantu Bank Mengelola Dampak Transmisi Kebijakan Moneter melalui Jalur Kredit di Indonesia

Authors

Vienella Zharmida, Magister Perencanaan Ekonomi dan Kebijakan Pembangunan, Fakultas Ekonomi dan Bisnis Universitas IndonesiaFollow
Nining I Soesilo, Departemen Ilmu Ekonomi, Fakultas Ekonomi dan Bisnis Universitas IndonesiaFollow

Abstract

After the global financial crisis, Asian banks shifted funding from core to non-core liabilities. This study examines the impact of NCL on bank lending channels in Indonesia. Analyzing data from 95 banks during 2010-2019, the study finds that loose monetary policy significantly boosts loan growth, while tight policy curbs it across all banks. Higher non-core liabilities weaken lending channels, except for domestic banks. This underscores the central bank's role in using macroprudential tools to manage optimal NCL levels for banks, especially amidst financial innovations and business developments affecting future bank funding access.

Bahasa Abstract

Bank di Asia mengalami pergeseran pendanaan dari core ke non-core-liabilities (NCL) pasca krisis keuangan global. Studi ini menguji pengaruh NCL terhadap transmisi kebijakan moneter jalur kredit di Indonesia. Penelitian menggunakan data bulanan 95 bank periode 2010-2019 menunjukkan penurunan suku bunga kebijakan moneter secara signifikan mendorong pertumbuhan kredit bank, dan sebaliknya. Posisi NCL yang lebih tinggi mengurangi kekuatan transmisi kebijakan moneter pada sebagian besar jenis bank, kecuali bank domestik. Hal ini mengindikasikan perlunya bank sentral menggunakan instrumen makroprudensial untuk mengarahkan posisi NCL bank yang optimal, terutama menghadapi inovasi keuangan dan perkembangan bisnis yang mempengaruhi akses pendanaan bank di masa depan.

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Recommended Citation

Zharmida, Vienella and I Soesilo, Nining (2024) "Non Core Liabilities Bank, Perannya dalam Membantu Bank Mengelola Dampak Transmisi Kebijakan Moneter melalui Jalur Kredit di Indonesia," Jurnal Kebijakan Ekonomi: Vol. 18: No. 2, Article 4.
DOI: 10.21002/jke.2023.09
Available at: https://scholarhub.ui.ac.id/jke/vol18/iss2/4