BANKING MODEL AND MONETARY TRANSMISSION MECHANISM IN INDONESIA: ARE ISLAMIC BANKS MORE EFFECTIVE?
Economic growth, both global and national, is slowing down, prompting monetary authorities to issue effective monetary policies through credit lines to encourage economic growth. In the dual banking system where there are Islamic banks and conventional banks, it is a challenge for the monetary auth...
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| Format: | Article |
| Language: | Arabic |
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Institut Agama Islam Negeri Syaikh Abdurrahman Siddik Bangka Belitung
2025-05-01
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| Series: | Asy Syar'iyyah: Jurnal Ilmu Syariah dan Perbankan Islam |
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| Online Access: | https://jurnal.lp2msasbabel.ac.id/index.php/asy/article/view/5074 |
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| author | Ilhamdi Ilhamdi Luqman Luqman Jati Kusuma Ali |
| author_facet | Ilhamdi Ilhamdi Luqman Luqman Jati Kusuma Ali |
| author_sort | Ilhamdi Ilhamdi |
| collection | DOAJ |
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Economic growth, both global and national, is slowing down, prompting monetary authorities to issue effective monetary policies through credit lines to encourage economic growth. In the dual banking system where there are Islamic banks and conventional banks, it is a challenge for the monetary authorities to see the effectiveness of the two banks in transmitting monetary policy. To find out the difference in effectiveness levels, the researcher used quarterly data from Bank Indonesia interest rate variables, gross domestic product (GDP), Islamic bank financing, and conventional bank loans for the period 2014 to 2024. Using VAR-ECM analysis, it was found that Islamic banks have a lower response than conventional banks in transmitting monetary policy through credit channel. In addition, Syrian banks also have lower effectiveness than conventional banks in encouraging economic growth in Indonesia.
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| format | Article |
| id | doaj-art-717261e284554f3e8a2c02bb9365767d |
| institution | OA Journals |
| issn | 2089-7227 2598-8522 |
| language | Arabic |
| publishDate | 2025-05-01 |
| publisher | Institut Agama Islam Negeri Syaikh Abdurrahman Siddik Bangka Belitung |
| record_format | Article |
| series | Asy Syar'iyyah: Jurnal Ilmu Syariah dan Perbankan Islam |
| spelling | doaj-art-717261e284554f3e8a2c02bb9365767d2025-08-20T02:27:16ZaraInstitut Agama Islam Negeri Syaikh Abdurrahman Siddik Bangka BelitungAsy Syar'iyyah: Jurnal Ilmu Syariah dan Perbankan Islam2089-72272598-85222025-05-019210.32923/asy.v9i2.5074BANKING MODEL AND MONETARY TRANSMISSION MECHANISM IN INDONESIA: ARE ISLAMIC BANKS MORE EFFECTIVE?Ilhamdi Ilhamdi0Luqman Luqman1Jati Kusuma Ali2IAIN PontianakIAIN PontianakUniversiti Teknologi Mara Economic growth, both global and national, is slowing down, prompting monetary authorities to issue effective monetary policies through credit lines to encourage economic growth. In the dual banking system where there are Islamic banks and conventional banks, it is a challenge for the monetary authorities to see the effectiveness of the two banks in transmitting monetary policy. To find out the difference in effectiveness levels, the researcher used quarterly data from Bank Indonesia interest rate variables, gross domestic product (GDP), Islamic bank financing, and conventional bank loans for the period 2014 to 2024. Using VAR-ECM analysis, it was found that Islamic banks have a lower response than conventional banks in transmitting monetary policy through credit channel. In addition, Syrian banks also have lower effectiveness than conventional banks in encouraging economic growth in Indonesia. https://jurnal.lp2msasbabel.ac.id/index.php/asy/article/view/5074MonetaryBankingTransmission |
| spellingShingle | Ilhamdi Ilhamdi Luqman Luqman Jati Kusuma Ali BANKING MODEL AND MONETARY TRANSMISSION MECHANISM IN INDONESIA: ARE ISLAMIC BANKS MORE EFFECTIVE? Asy Syar'iyyah: Jurnal Ilmu Syariah dan Perbankan Islam Monetary Banking Transmission |
| title | BANKING MODEL AND MONETARY TRANSMISSION MECHANISM IN INDONESIA: ARE ISLAMIC BANKS MORE EFFECTIVE? |
| title_full | BANKING MODEL AND MONETARY TRANSMISSION MECHANISM IN INDONESIA: ARE ISLAMIC BANKS MORE EFFECTIVE? |
| title_fullStr | BANKING MODEL AND MONETARY TRANSMISSION MECHANISM IN INDONESIA: ARE ISLAMIC BANKS MORE EFFECTIVE? |
| title_full_unstemmed | BANKING MODEL AND MONETARY TRANSMISSION MECHANISM IN INDONESIA: ARE ISLAMIC BANKS MORE EFFECTIVE? |
| title_short | BANKING MODEL AND MONETARY TRANSMISSION MECHANISM IN INDONESIA: ARE ISLAMIC BANKS MORE EFFECTIVE? |
| title_sort | banking model and monetary transmission mechanism in indonesia are islamic banks more effective |
| topic | Monetary Banking Transmission |
| url | https://jurnal.lp2msasbabel.ac.id/index.php/asy/article/view/5074 |
| work_keys_str_mv | AT ilhamdiilhamdi bankingmodelandmonetarytransmissionmechanisminindonesiaareislamicbanksmoreeffective AT luqmanluqman bankingmodelandmonetarytransmissionmechanisminindonesiaareislamicbanksmoreeffective AT jatikusumaali bankingmodelandmonetarytransmissionmechanisminindonesiaareislamicbanksmoreeffective |