{"title":"评估伊斯兰银行对印尼金融稳定的贡献:非线性方法","authors":"Faaza Fakhrunnas, Mohammad Bekti Hendrie Anto","doi":"10.21511/bbs.18(1).2023.13","DOIUrl":null,"url":null,"abstract":"Islamic banks have become alternative intermediary institutions in the banking industry and are expected to play a significant role in the financial system. Therefore, this study aims to examine Islamic banks’ contribution to financial stability, also focusing on the underlying contracts implemented in financing activities from the perspective of a non-linear relationship. The study employs time-series data from 2006m1 to 2021m11 and adopts non-linear autoregressive distributed lag (NARDL). The findings reveal that the presence of Islamic banks has a non-linear influence on financial stability. Overall financing has a symmetric effect on financial stability, but an asymmetric effect is evident when total financing is categorized based on underlying contracts. Moreover, in the short run, musharakah financing strengthens financial stability, while during a long-run relationship mudarabah financing plays the most pivotal role in increasing the level of stability in the banking system. The study proposes that the financial authorities should be concerned with the non-linear symmetric and asymmetric relationships with Islamic banks, particularly in the underlying contracts that the banks employ. This is considered to be important to avoid financial instability in the banking system. AcknowledgmentThe authors gratefully acknowledge the support from Direktorat Penelitian dan Pengabdian Masyarakat (DPPM) Universitas Islam Indonesia No.: 023/ Dir/ DPPM/ 70/ Pen.Unggulan/ XII/ 2022 and for providing a research grant for the study.","PeriodicalId":53480,"journal":{"name":"Banks and Bank Systems","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2023-03-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"2","resultStr":"{\"title\":\"Assessing the Islamic banking contribution to financial stability in Indonesia: A non-linear approach\",\"authors\":\"Faaza Fakhrunnas, Mohammad Bekti Hendrie Anto\",\"doi\":\"10.21511/bbs.18(1).2023.13\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"Islamic banks have become alternative intermediary institutions in the banking industry and are expected to play a significant role in the financial system. Therefore, this study aims to examine Islamic banks’ contribution to financial stability, also focusing on the underlying contracts implemented in financing activities from the perspective of a non-linear relationship. The study employs time-series data from 2006m1 to 2021m11 and adopts non-linear autoregressive distributed lag (NARDL). The findings reveal that the presence of Islamic banks has a non-linear influence on financial stability. Overall financing has a symmetric effect on financial stability, but an asymmetric effect is evident when total financing is categorized based on underlying contracts. Moreover, in the short run, musharakah financing strengthens financial stability, while during a long-run relationship mudarabah financing plays the most pivotal role in increasing the level of stability in the banking system. The study proposes that the financial authorities should be concerned with the non-linear symmetric and asymmetric relationships with Islamic banks, particularly in the underlying contracts that the banks employ. This is considered to be important to avoid financial instability in the banking system. AcknowledgmentThe authors gratefully acknowledge the support from Direktorat Penelitian dan Pengabdian Masyarakat (DPPM) Universitas Islam Indonesia No.: 023/ Dir/ DPPM/ 70/ Pen.Unggulan/ XII/ 2022 and for providing a research grant for the study.\",\"PeriodicalId\":53480,\"journal\":{\"name\":\"Banks and Bank Systems\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2023-03-27\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"2\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Banks and Bank Systems\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.21511/bbs.18(1).2023.13\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"Social Sciences\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Banks and Bank Systems","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.21511/bbs.18(1).2023.13","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"Social Sciences","Score":null,"Total":0}
引用次数: 2
摘要
伊斯兰银行已成为银行业的替代中介机构,预计将在金融体系中发挥重要作用。因此,本研究旨在考察伊斯兰银行对金融稳定的贡献,并从非线性关系的角度关注融资活动中实施的基础合同。本研究采用2006m1 - 2021m1时间序列数据,采用非线性自回归分布滞后(NARDL)方法。研究结果表明,伊斯兰银行的存在对金融稳定具有非线性影响。总体融资对金融稳定具有对称效应,但当融资总量根据基础合同进行分类时,这种不对称效应很明显。此外,在短期内,穆沙拉夫融资加强了金融稳定,而在长期关系中,穆沙拉夫融资在提高银行体系稳定水平方面发挥着最关键的作用。该研究建议,金融当局应关注与伊斯兰银行的非线性对称和非对称关系,特别是在银行采用的基础合同中。这被认为是避免银行系统金融不稳定的重要因素。作者感谢印度尼西亚伊斯兰大学Penelitian dan Pengabdian Masyarakat (DPPM)主任的支持。: 023/ Dir/ DPPM/ 70/ PenUnggulan/ XII/ 2022并为该研究提供研究经费。
Assessing the Islamic banking contribution to financial stability in Indonesia: A non-linear approach
Islamic banks have become alternative intermediary institutions in the banking industry and are expected to play a significant role in the financial system. Therefore, this study aims to examine Islamic banks’ contribution to financial stability, also focusing on the underlying contracts implemented in financing activities from the perspective of a non-linear relationship. The study employs time-series data from 2006m1 to 2021m11 and adopts non-linear autoregressive distributed lag (NARDL). The findings reveal that the presence of Islamic banks has a non-linear influence on financial stability. Overall financing has a symmetric effect on financial stability, but an asymmetric effect is evident when total financing is categorized based on underlying contracts. Moreover, in the short run, musharakah financing strengthens financial stability, while during a long-run relationship mudarabah financing plays the most pivotal role in increasing the level of stability in the banking system. The study proposes that the financial authorities should be concerned with the non-linear symmetric and asymmetric relationships with Islamic banks, particularly in the underlying contracts that the banks employ. This is considered to be important to avoid financial instability in the banking system. AcknowledgmentThe authors gratefully acknowledge the support from Direktorat Penelitian dan Pengabdian Masyarakat (DPPM) Universitas Islam Indonesia No.: 023/ Dir/ DPPM/ 70/ Pen.Unggulan/ XII/ 2022 and for providing a research grant for the study.
期刊介绍:
The journal focuses on the results of scientific researches on monetary policy issues in different countries and regions all over the world. It also analyzes the activities of international financial organizations, central banks, and bank institutions. Key topics: -Monetary Policy in Different Countries and Regions; -Monetary and Payment Systems; -International Financial Organizations and Institutions; -Monetary Policy of Central Banks; -Organizational Structure, Functions and Activities of Central Banks; -State Policy and Regulation of Banking; -Bank Competitiveness; -Banks at the Financial Markets; -Bank Associations and Conglomerates; -International Payment Systems; -Investment Banking; -Financial Risks and Risk Management in Banks; -Capital and Ownership Structure, Bankruptcy and Liquidation, Mergers and Acquisitions of Banks; -Corporate Governance and Goodwill; -Personnel Management in Banks; -Econometric, Statistical Methods; Econometric Modeling of Bank Activities; -Bank Ratings.