Asian Institute of Research, Journal Publication, Journal Academics, Education Journal, Asian Institute
Asian Institute of Research, Journal Publication, Journal Academics, Education Journal, Asian Institute

Journal of Social and Political

Sciences

ISSN 2615-3718 (Online)

ISSN 2621-5675 (Print)

asia insitute of research, journal of social and political sciences, jsp, aior, journal publication, humanities journal, social journa
asia insitute of research, journal of social and political sciences, jsp, aior, journal publication, humanities journal, social journa
asia insitute of research, journal of social and political sciences, jsp, aior, journal publication, humanities journal, social journa
asia insitute of research, journal of social and political sciences, jsp, aior, journal publication, humanities journal, social journa
crossref
doi
open access

Published: 10 September 2021

Practical and Strategic Benefits of Banking Literacy Park in Library of Universitas Sebelas Maret, Indonesia

Sri Utari, Sri Anawati, Argyo Demartoto

Universitas Sebelas Maret, Indonesia

journal of social and political sciences
pdf download

Download Full-Text Pdf

doi

10.31014/aior.1991.04.03.306

Pages: 94-102

Keywords: Academic Library, Banking Literacy, Benefit, Literacy Park, Practical, Strategic

Abstract

Well literate and financially inclusive community can be created through improving financial and banking literacy. This descriptive qualitative research aims to find out practical and strategic benefits of Banking Literacy Park to library users in Library of Universitas Sebelas Maret, with questionnaire being the method of collecting data. Data analysis uses an interactive model encompassing data collection, data display, data reduction, and conclusion drawing. The population of research includes students of FEB (Faculty of Economics and Business), SV (School of Vocation) and Postgraduate School of UNS, and financial practitioners. Discussion is conducted using structural functional theory. The result shows Banking Literacy Park in Library of Universitas Sebelas Maret used to find information, fulfill the need for financial and banking literacy (Goal attainment), respond to the library users’ need for open and comfortable learning space (Adaptation); Library of Universitas Sebelas Maret establishes a relation with stakeholders to ensure emotional bond (Integration); the presence of literacy park can be optimized by increasing facilities, infrastructures, and holding financial and banking literacy (Latency). Practical benefit includes UNS-BNI Literacy Park in banking area as an alternative open comfortable strategic reading corner for studying, doing the lecturing assignment and final assignment, discussing, browsing internet, improving infrastructure and providing financial/banking literacy. Strategic benefit includes Banking Literacy Park providing knowledge and skill to manage money by understanding banking, investment, budgeting, selecting insurance, making decisions and opportunity of getting better life in the future. The management of UNS-BNI Literacy Park in banking area is conducted continuously to keep it existent and sustainable.

References

  1. Aaron, M., Rivadeneyra, F., & Samantha, F. (2017). Fintech: Is this time different? A framework for assessing risks and opportunities for central banks. Bank of Canada Staff Discussion Paper, No. 2017-1(Bank of Canada, Ottawa), 283–312. https://www.banqueducanada.ca/wp-content/uploads/2017/07/sdp2017-10.pdf

  2. Ahmad, M., & Shah, S. Z. A. (2020). Overconfidence heuristic-driven bias in investment decision-making and performance: mediating effects of risk perception and moderating effects of financial literacy. Journal of Economic and Administrative Sciences, ahead-of-p(ahead-of-print). https://doi.org/10.1108/jeas-07-2020-0116

  3. Amirio, D. (2015, September 4). RI’s financial literacy remains among lowest in Asia. Jakarta Pos. https://www.thejakartapost.com/news/2015/09/04/ri-s-financial-literacy-remains-among-lowest-asia.html

  4. Anand, S., Mishra, K., Verma, V., & Taruna, T. (2021). Financial literacy as a mediator of personal financial health during COVID-19: A structural equation modelling approach. Emerald Open Research, 2(May), 59. https://doi.org/10.35241/emeraldopenres.13735.2

  5. Atkinson, A., & Messy, F. (n.d.). Concept Note on Long-Term Savings and Investments. 1–16. https://www.oecd.org/daf/fin/financial-education/SeoulFinEduConceptNoteFeb2014.pdf

  6. Brillianti, F., & Kautsar, A. (2020). Apakah Literasi Keuangan Memengaruhi Kesejahteraan Rumah Tangga di Indonesia? Kajian Ekonomi Dan Keuangan, 4(2), 103–115. https://doi.org/10.31685/kek.v4i2.541

  7. Corporate Financial Institute. (2021). What is Financial Literacy?Corporate Financial Institute. https://corporatefinanceinstitute.com/resources/knowledge/finance/financial-literacy/

  8. Dewa, H. I. S. (2019). Faktor-Faktor Yang Mempengaruhi Literasi Masyarakat Tentang Lembaga Keuangan Syariah Dan Relevansinya Terhadap Keputusan Menjadi Nasabah (Studi Kasus di Desa Banarjoyo Kecamatan Batang Hari, Lampung Timur)[Institut Agama Islam Negeri (IAIN) Metro]. https://repository.metrouniv.ac.id/id/eprint/1199/1/SKRIPSI HERY INDRA SAPUTRA DEWA.pdf

  9. Dunlop, P. (2021). Digital literacy and the future of Indonesia’s banking industry.Pusat Studi Hukum Dan Kebijakan Indonesia. https://www.pshk.or.id/blog-id/digital-literacy-and-the-future-of-indonesias-banking-industry/

  10. Farida, M. N., Soesatyo, Y., & Aji, T. S. (2021). Influence of Financial Literacy and Use of Financial Technology on Financial Satisfaction through Financial Behavior. International Journal of Education and Literacy Studies, 9(1), 86. https://doi.org/10.7575/aiac.ijels.v.9n.1p.86

  11. Faulkner, A. E. (2016). Financial literacy education in the United States: Library programming versus popular personal finance literature. Reference and User Services Quarterly, 56(2), 116–125. https://doi.org/10.5860/rusq.56n2.116

  12. Frost, J., & Turner, G. (2018). Fintech credit markets around the world: size, drivers and policy issues. BIS Quarterly Review,September, 29–49. https://www.bis.org/publ/qtrpdf/r_qt1809e.pdf

  13. Ichsani, D. A. (2020, August 5). Financial Literacy Among Young Indonesians And Australians. AIYA. https://www.aiya.org.au/2020/08/financial-literacy-among-young-indonesians-and-australians/

  14. Kemendikbud, T. G. (2017). Materi Pendukung Literasi Finansial. Gerakan Literasi Nasional, 1–41. http://gln.kemdikbud.go.id/glnsite/buku-literasi-finansial/

  15. Lubis, A. W. (2020). Skills and household financial decision-making in Indonesia. International Journal of Social Economics,47(11), 1433–1450. https://doi.org/10.1108/IJSE-10-2019-0632

  16. Miles, Matthew B; Huberman, A. M. (1994). Qualitative Data Analysis: An Expeanded Sourcebook.Sage Publishing.

  17. Miller, M., Godfrey, N., Levesque, B., & Stark, E. (2009). The Case for Financial Literacy in Developing Countries. The International Bank for Reconstruction and Development, 103–118.

  18. Mogaji, E., Adeola, O., Hinson, R. E., Nguyen, N. P., Nwoba, A. C., & Soetan, T. O. (2021). Marketing bank services to financially vulnerable customers: evidence from an emerging economy. International Journal of Bank Marketing, 39(3), 402–428. https://doi.org/10.1108/IJBM-07-2020-0379

  19. OECD. (2006). The Importance of Financial Education. Policy Brief, July, 1–9. http://www.oecd.org/finance/financial-education/37087833.pdf

  20. Otoritas Jasa Keuangan (OJK). (2016). Perencanaan Keuangan. Detik Finance, 1–31. https://sikapiuangmu.ojk.go.id/FrontEnd/CMS/DetailMateri/208

  21. Otoritas Jasa Keuangan (OJK). (2019). Survei Nasional Literasi dan Inklusi Keuangan 2019. In Survey Report. www.ojk.go.id

  22. Palameta, B., Nguyen, C., Hui, T. S., & Gyarmati, D. (2016). The link between financial confidence and financial outcomes among working-aged canadians for the Financial Consumer Agency of Canada. The Social Research and Demonstration Corporation, May, 1–63. https://www.srdc.org/media/199920/fcac-full-report-on-financial-confidence-en.pdf

  23. Park University. (2021). Default Prevention And Financial Literacy Center. https://www.park.edu/financial-literacy-center/

  24. Parsons, T. (1951). The Social System (**read p. 45-77). https://voidnetwork.gr/wp-content/uploads/2016/10/The-Social-Sm-by-Talcott-Parsons.pdfyste

  25. Remund, D. L. (2010). Financial literacy explicated: The case for a clearer definition in an increasingly complex economy. Journal of Consumer Affairs, 44(2), 276–295. https://doi.org/10.1111/j.1745-6606.2010.01169.x

  26. S. Soetiono; Kusumaningtuti ; Setiawan, C. (2018). Literasi dan Inklusi Keuangan Indonesia. PT RajaGrafindo Persada.

  27. Saksonova, S., & Kuzmina-Merlino, I. (2017). Fintech as financial innovation - The possibilities and problems of implementation. European Research Studies Journal, 20(3), 961–973. https://doi.org/10.35808/ersj/757

  28. Sitorus, R. (2019). Berlomba-Lomba Inovasi Digital. Bisnis Indonesia. https://www.idx.co.id/StaticData/NewsAndAnnouncement/ANNOUNCEMENTSTOCK/From_EREP/201903/d37b50ef17_21e7e8a64f.pdf

  29. Stack, K. (2006). Implementation Guidance: Adult Learning Principles and Curriculum Design for Financial Education. https://doi.org/10.1109/9780470055588.ch4

  30. Tomic, K. (2018). Product intervention of supervisory authorities in financial services. Contemporary Studies in Economic and Financial Analysis, 99, 229–255. https://doi.org/10.1108/S1569-375920180000099011

  31. Tschache, C. A. (2009). Importance of financial literacy and financial literacy content in curriculum. Dissertation, July, 67. https://scholarworks.montana.edu/xmlui/bitstream/handle/1/2449/TschacheC0809.pdf?sequence=1

  32. Tsindeliani, I. A., Proshunin, M. M., Sadovskaya, T. D., Popkova, Z. G., Davydova, M. A., & Babayan, O. A. (2021). Digital transformation of the banking system in the context of sustainable development.Journal of Money Laundering Control. https://doi.org/10.1108/JMLC-02-2021-0011

  33. Tustin, D. H. (2010). An impact assessment of a prototype financial literacy flagship programme in a rural South African setting. African Journal of Business Management, 4(9), 1894–1902. https://doi.org/10.5897/AJBM.9000075

  34. Universitas Sebelas Maret. (2016). Sejarah Singkat UPT Perpustakaan. Universitas Sebelas Maret. https://library.uns.ac.id/profile/

  35. Widyastuti, U., Suhud, U., & Sumiati, A. (2016). The Impact of Financial Literacy on Student Teachers’ Saving Intention and Saving Behaviour. Mediterranean Journal of Social Sciences, 7(6), 41–48. https://doi.org/10.5901/mjss.2016.v7n6p41

  36. Zait, A., & Bertea, P. (2015). Financial Literacy – Conceptual Definition and Proposed Approach for a Measurement Instrument. The Journal of Accounting and Management, 4(3), 37–42.