Economics and Business
Quarterly Reviews
ISSN 2775-9237 (Online)
Published: 16 October 2019
The Role of Macroprudential Policy Instruments on Credit Distribution in Indonesia
Muhamad Yunanto, Henny Medyawati
Universitas Gunadarma, Indonesia
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10.31014/aior.1992.02.04.150
Pages: 1057-1063
Keywords: Macroprudential, Property Loans, Loan to Value, Proxyclicality, GDP
Abstract
One of the objectives of the macroprudential policy instrument is to reduce the procyclicality of bank credit growth. This study aims to analyze the Bank Indonesia macroprudential policy in controlling property loans. The research variables consist of independent variables, namely loan to value (LTV) as dummy variables, consumption loan interest rates, GDP and LTV as interaction variables with consumer loans and the dependent variable, namely property loans. The research method uses panel data regression analysis. The data used in this study are secondary data for the period 2009 - 2018. The results show that the fixed effect model is the right model for analyzing whether macroprudential policy instruments (LTV) are able to control property credit.
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