资本流入与银行贷款的动态关系:商品价格与全球金融市场冲击的作用

Q2 Economics, Econometrics and Finance

Buletin Ekonomi Moneter dan Perbankan Pub Date : 2022-02-18 DOI:10.21098/bemp.v24i4.1170

Doni Satria, N. Nachrowi, T. Falianty, Iskandar Simorangkir

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引用次数: 0

摘要

本文研究了印尼资本流入与银行贷款之间的动态关系。我们使用结构向量自回归(SVAR)模型，允许外生国际商品价格和全球金融市场波动影响资本流入。我们发现，与全球金融冲击相比，大宗商品价格冲击在解释长期资本流入差异方面更为重要。此外，资本流入的冲击导致各经济部门的银行贷款配置发生变化。

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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DYNAMIC RELATIONSHIP BETWEEN CAPITAL INFLOWS AND BANK LENDING: THE ROLE OF COMMODITY PRICE AND GLOBAL FINANCIAL MARKET SHOCKS

This paper investigates the dynamic relationship between capital inflows and bank lending in Indonesia. We use a Structural Vector AutoRegression (SVAR) model that allows exogenous international commodity prices and global financial market fluctuations to influence capital inflows. We find that commodity price shocks are more important as compared to global financial shocks in explaining the variance of capital inflows in the long run. Furthermore, shocks from capital inflows lead to a change in bank lending allocation across economic sectors.

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来源期刊

Buletin Ekonomi Moneter dan Perbankan Economics, Econometrics and Finance-Finance

CiteScore

2.20

自引率

0.00%

发文量

审稿时长

5 weeks