The effect of a countercyclical Covid 19 policy on the main financial ratios in Islamic rural banks

Rizki Maulana, J. Sriyana
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引用次数: 0

Abstract

Purpose – This study aims to evaluate the impact of financial services authority's regulation (POJK) regarding the implementation of Covid-19 Countercyclical in Islamic rural banks.Methodology – This study uses time-series data taken from Financial Services Authority (OJK)'s database covering the period from March 2020 - March 2022. Cointegration test show that there is no cointeggration and the variable is not stationary at the same order/degree, therefore the VAR method is used.Findings – This study reveals that POJK have significant impact on CAR, EAQ, and REO ratios and integrated in the long term. Moreover, this study also find that POJK have a causal or reciprocal effect on CAR and REO which occur in one direction. Futhermore, this study portrays that POJK have a positive impact in returning CAR, EAQ and REO ratios to a positive condition at least 10 months since POJK published, except for CR that before pandemic was in a positive condition.Implications – It is necessary for the BPRS to conduct a stress test on the implementation of the said restructuring and its impact on the finances and ratios of the BPRS as the first step for the BPRS to carry out mitigation if things that are not desired by the BPRS occur. Originality – This paper examines the effect of the implementation of POJK Number 11/POJK.03/2020 which is further amended through POJK Number 48/POJK.03/2020 concerning national economic stimulus as a countercyclical policy impact of the spread of coronavirus disease 2019 on the Islamic rural bank soundness level during Covid 19 pandemic.
反周期Covid - 19政策对伊斯兰农村银行主要财务比率的影响
目的:本研究旨在评估金融服务监管机构(POJK)对伊斯兰农村银行实施Covid-19逆周期措施的影响。方法-本研究使用了金融服务管理局(OJK)数据库中的时间序列数据,涵盖时间为2020年3月至2022年3月。协整检验表明不存在协整,变量在同一阶/度上不是平稳的,因此采用VAR方法。研究结果-本研究表明,POJK对CAR、EAQ和REO比率有显著影响,并在长期内整合。此外,本研究还发现,POJK对CAR和REO具有因果或相互作用,且单向发生。此外,本研究表明,除大流行前处于正状态的CR外,POJK在将CAR、EAQ和REO比率恢复到至少10个月后的正状态方面具有积极影响。影响-如果出现不希望出现的情况,“业务流程设计方案”有必要就上述重组的实施及其对“业务流程设计方案”的财务和比率的影响进行压力测试,作为“业务流程设计方案”进行缓解的第一步。原创性-本文考察了POJK第11号/POJK的实施效果。并通过POJK第48/POJK号进一步修订。03/2020关于2019冠状病毒病蔓延对2019冠状病毒病大流行期间伊斯兰农村银行稳健性水平的影响的反周期政策。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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