scholarly journals Wanprestasi pada Kredit Perbankan Akibat Pandemi Coronavirus Disease 2019

Notaire ◽  
2021 ◽  
Vol 4 (2) ◽  
pp. 261
Author(s):  
Olga Nadina
Keyword(s):  
Economic Growth ◽  
Interest Rates ◽  
Bank Credit ◽  
Credit Period ◽  
Credit Quality ◽  
National Economic ◽  
Article 5 ◽  
Interest Payments

This research discusses the concept of default on bank credit due to the Coronavirus Disease 2019 (Covid-19) pandemic. In order to maintain the national economic growth which is decreasing due to the Covid-19 pandemic, POJK No. 11/2020 juncto POJK No. 48/2020 regulates the provision of stimulus policies for bank debtors who experience difficulties in fulfilling their obligations to banks. After the enactment of this policy, the debtor is declared to be in default if there is an arrear that exceeds 90 days because the debtor does not meet the requirements for the accuracy of principal and/or interest payments in Article 3 paragraph (1) POJK No. 11/2020 juncto POJK No. 48/2020, so that debtor credit cannot be restructured. Due to the unsuccessful restructuring, based on Article 5 paragraph (1) POJK No. 11/2020 juncto POJK No. 48/2020, the credit quality remains in the non-performing loan category. The legal measures that can be taken by banks are through the efforts to save credit by credit restructuring. This study taken an example of a restructuring scheme at BRI Bank, by using the method of lowering interest rates, changes in principal installment scheduling and extension of the credit period. If the loan restructuring is not successful, then the bank needs to handle it by credit settlement efforts.Keywords: Default; Bank Credits; Covid-19.Penelitian ini membahas mengenai wanprestasi pada kredit perbankan akibat pandemi Coronavirus Disease 2019 (Covid-19). Untuk menjaga pertumbuhan perekonomian nasional yang sedang menurun akibat pandemi Covid-19, diterbitkan POJK No. 11/2020 juncto POJK No. 48/2020 yang mengatur mengenai pemberian kebijakan stimulus bagi debitur bank yang mengalami kesulitan untuk memenuhi kewajibannya kepada bank. Pasca berlakunya kebijakan tersebut, debitur dinyatakan melakukan wanprestasi apabila, terjadi tunggakan yang melebihi 90 hari dikarenakan debitur tersebut tidak memenuhi persyaratan ketepatan pembayaran pokok dan/atau bunga dalam Pasal 3 ayat (1) POJK No. 11/2020 juncto POJK No. 48/2020, sehingga kredit debitur tidak dapat dilakukan restrukturisasi. Oleh karena tidak berhasil direstrukturisasi, berdasarkan Pasal 5 ayat (1) POJK No. 11/2020 juncto POJK No. 48/2020 maka kualitas kredit tetap dalam kategori kredit bermasalah. Upaya penanganan yang dapat dilakukan bank yaitu melalui upaya penyelamatan kredit dengan melakukan restrukturisasi kredit. Penelitian ini mengambil contoh skema restrukturisasi pada Bank BRI, yaitu dengan menggunakan metode penurunan suku bunga, perubahan penjadwalan angsuran pokok dan perpanjangan jangka waktu kredit. Jika restrukturisasi kredit tidak berhasil, maka dilakukan upaya penanganan melalui upaya penyelesaian kredit.Kata Kunci: Wanprestasi; Kredit Perbankan; Covid-19.

Mexico’s 2020 budget looks highly optimistic

2019 ◽  
Keyword(s):  
Economic Growth ◽  
Central Bank ◽  
Interest Rates ◽  
Oil Price ◽  
Gdp Growth ◽  
Fiscal Deficit ◽  
Limited Effect ◽  
Content Type ◽  
National Budget ◽  
National Economic

Significance The package comprises the national budget and revenue legislation, as well as key domestic and international macroeconomic assumptions and projections. Impacts Even if GDP growth remains poor, fiscal loosening is unlikely. The central bank may lower interest rates further to help boost the economy, but the effect of a monetary push would be relatively minor. Major projects such as the Maya Train may have some regional impact but will have a limited effect on national economic growth. Legislators may increase the expected oil price for 2020 to boost spending in some areas without increasing the fiscal deficit target.

scholarly journals Determinants of South American bank credit: An approach to panel data

2020 ◽  
Vol 37 (74) ◽  
pp. 37-70
Author(s):  
Vitor Gomes Reginato ◽  
Marina Silva da Cuhna ◽  
Marcos Roberto Vasconcelos
Keyword(s):  
Economic Growth ◽  
Panel Data ◽  
Private Sector ◽  
Interest Rates ◽  
Bank Credit ◽  
South American ◽  
Credit Expansion ◽  
Private Credit ◽  
Main Components ◽  
Banking Credit

The objective of this paper is to analyze the determinants of the domestic banking credit in the South American countries, based on panel data, for the period 2000 to 2016. The results indicate that domestic deposits and liabilities to non-residents contribute positively to the growth of private credit, with domestic funding having a more representative impact than foreign funding. Economic growth leads to a greater demand for credit and an increase in credit, while higher domestic and US interest rates reduce credit growth. Rising inflation also negatively affect private sector credit. In addition, as regards credit composition, domestic deposits and economic growth are the main components of credit expansion, and, in turn, inflation and domestic interest rates contribute negatively.

scholarly journals Analisis permintaan kredit pada Bank BPR Tanggo Rajo Kuala Tungkal

2019 ◽  
Vol 8 (3) ◽  
pp. 149-160
Author(s):  
Rimawita Rimawita ◽  
Siti Hodijah ◽  
Candra Mustika
Keyword(s):  
Economic Growth ◽  
Interest Rate ◽  
Interest Rates ◽  
Bank Credit ◽  
Test Results ◽  
Simultaneous Test ◽  
Negative Effect ◽  
Credit Demand ◽  
The Interest Rate

This study aims to: 1) To analyze the development of interest rates on credit, inflation, economic growth, and demand for credit in banks at BPR Tanggo Rajo. and 2) To analyze the effect of the interest rate on credit, inflation, and economic growth on the demand for bank credit in banks at BPR Tanggo Rajo. Based on the simultaneous test results, the variables of credit interest rates, inflation, and economic growth together have a significant effect on credit demand at BPR Tanggo Rajo. Whereas in the partial only variable interest rates and economic growth have a significant and negative effect on credit demand at BPR Tanggo Rajo, while the inflation variable does not have a significant and negative effect on credit demand for BPR Tanggo Rajo. Keywords: Credit demand, Credit interest rates, Inflation, Economic growth

scholarly journals A Micro Based Study on Bank Credit and Economic Growth: Manufacturing Sub-Sectors Analysis

2019 ◽  
Vol 14 (1) ◽  
pp. 72-91 ◽  
Author(s):  
Nuri Hacievliyagil ◽  
Ibrahim Halil Eksi
Keyword(s):  
Economic Growth ◽  
Interest Rates ◽  
Industrial Production ◽  
Bank Loans ◽  
Bank Credit ◽  
Causality Test ◽  
Distributed Lag ◽  
Integration Test ◽  
Loan Interest Rates ◽  
And Performance

Abstract This study examines the relationship between bank credits and performance and growth of manufacturing sub-sectors. Industrial Production Index was used for a different approach as a dependent variable. Indications of the autoregressive distributed lag (ARDL) bound co-integration test support the theory that bank credits are more effective than loan rates on industrial production of sub-sectors. Moreover, the increase in bank credit leads to the rise of industrial production in all the sub-sectors, except Machinery. According to the Toda Yomamato causality test results, there are different degrees of causalities in means of the importance of bank loans for industrial production. On the other hand, in all sub-sectors except machinery and chemical sub-sectors, causality relations were observed at different grades beginning from loan interest rates to industrial production. As a result, this study concludes with the evidence of supply leading hypothesis via the financial sector leads and causes economic growth.

ANALISIS DAMPAK RESTRUKTURISASI KREDIT TERHADAP PEMBIAYAAN (LEASING) PADA MASA PANDEMI CORONA VIRUS DISEASE 2019

2020 ◽  
Vol 5 (1) ◽  
pp. 43-53
Author(s):  
Farhan Asyhadi
Keyword(s):  
Interest Rates ◽  
Financial Services ◽  
Virus Disease ◽  
Credit Period ◽  
Grace Period ◽  
Credit Quality ◽  
Corona Virus ◽  
Rescue System ◽  
Loan Interest Rates

Restrukturisasi merupakan upaya penyelamatan kredit bermasalah yang meliputi upaya Reschedulling, Restructuring dan Reconditioning, misalnya dengan cara memperpanjang jangka waktu kredit, memberikan grace period waktu pembayaran, penurunan suku bunga kredit, dan lain sebagainya. Undang-Undang Nomor 10 Tahun 1998 dikenal sistem penyelamatan kredit macet sebagaimana diatur dalam Pasal 7 ayat c yang bertujuan untuk memperbaiki kualitas kredit agar tidak terjadi kredit macet. Sejak menyebarnya wabah pandemi covid-19 ke Indonesia sejak pertengahan Februari 2020, masyarakat Indonesia mengalami kepanikan. Hal ini disampaikan Presiden secara terbuka agar segera dilaksanakan melalui Otoritas Jasa Keuangan (OJK) pada tanggal 3 Maret 2020. Adanya upaya Restrukturisasi harus diikuti  dengan adanya penilaian kembali yang lebih mendalam terhadap usaha debitur,yang meliputi apakah usaha debitur tersebut masih memiliki potensi atau tidak untuk dapat dilakukan Restrukturisasi, agar tidak terjadi pengulangan Restrukturisasi untuk satu perjanjian hutang dari debitur yang sama. Restrukturisasi juga tidak boleh disalahgunakan oleh Bank selaku kreditur, yang semata-mata dilakukan hanya untuk menahan kredit agar kualitas kredit tidak menjadi macet. Kata kunci: Restrukturisasi, Leasing, Covid 19   Restructuring is an effort to rescue non-performing loans which includes rescheduling, restructuring and reconditioning efforts, for example by extending the credit period, providing grace period for payment, lowering loan interest rates, and so on. Law Number 10 of 1998 is known as a bad credit rescue system as regulated in Article 7 paragraph c which aims to improve credit quality so that bad credit does not occur. Since the spread of the Covid-19 pandemic outbreak to Indonesia since mid-February 2020, the Indonesian people have experienced panic. This was conveyed by the President openly so that it could be implemented immediately through the Financial Services Authority (OJK) on March 3, 2020. Restructuring efforts must be followed by a more in-depth reassessment    of the debtor's business, which includes whether the debtor's business still has the potential or not to Restructuring can be done, so that there is no repeat restructuring for one loan agreement from the same debtor. Restructuring should not be abused by the Bank as a creditor, which is only done to hold credit so that credit quality does not become bad. Keyword: Restructuring, Leasing, Covid 19

scholarly journals FINANCIAL DEVELOPMENT DAN PERTUMBUHAN EKONOMI INDONESIA

2020 ◽  
Vol 5 (2) ◽  
pp. 140
Author(s):  
Yanuar Irzam ◽  
Ni Putu Wiwin Setyari
Keyword(s):  
Economic Growth ◽  
Stock Market ◽  
Interest Rates ◽  
Financial Development ◽  
Labor Productivity ◽  
Trade Openness ◽  
Bank Credit ◽  
Real Interest Rates ◽  
Market Capitalization ◽  
Stock Market Capitalization

<p><em>This study aims to analyze the effect of financial development on Indonesia's economic growth using annual data for the 1985-2018 period. The ARDL-ECM model is used to determine the effect in the long term and short term. The results showed in the long run the variable stock market capitalization ratio, the ratio of bank credit to GDP, real interest rates, trade openness and labor productivity affect the economic growth of Indonesia. Variable stock market capitalization ratio significantly influences economic growth, while real interest rates, bank credit ratios to GDP and trade openness have no significant effect. In the short term, the stock market capitalization ratio, bank credit to GDP ratios, real interest rates, trade openness and labor productivity influences Indonesia's economic growth. Variable stock market capitalization ratio, Bank credit ratio to GDP, trade openness and labor productivity have a significant effect on economic growth, while real interest rates have no significant effect on Indonesia's economic growth, The implication of this research is that in order to overcome the impact of interest rates on other economic growth, the government, in this case Bank Indonesia as a regulator, needs to reduce the interest rate to a minimum to encourage the growth of the real sector and other economic variables. In addition, the government must encourage the development of a comprehensive economic system especially financial institutions and monetary policies that are not interest-based as a solution to overcome general economic problems</em></p><p> </p><p>Penelitian ini bertujuan untuk menganalis pengaruh financial development terhadap pertumbuhan ekonomi Indonesia dengan menggunakan data tahunan periode 1985-2018. Model ARDL-ECM digunakan untuk mengetahui pengaruh dalam jangka panjang dan jangka pendek. Hasil penelitian menunjukan dalam jangka panjang variabel rasio kapitalisasi pasar saham, rasio kredit Bank terhadap PDB, suku bunga riil, keterbukaan perdagangan dan produktivitas tenaga kerja berpengaruh terhadap pertumbuhan ekonomi Indonesia. Variabel rasio kapitalisasi pasar saham secara signifikan berpengaruh terhadap pertumbuhan ekonomi, sedangkan suku bunga riil, rasio kredit Bank terhadap PDB dan keterbukaan perdagangan tidak berpengaruh signifikan.Dalam jangka pendek variabel rasio kapitalisasi pasar saham, rasio kredit Bank terhadap PDB, suku bunga riil, keterbukaan perdagangan dan produktivitas tenaga kerja berpengaruh terhadap pertumbuhan ekonomi Indonesia. Variabel rasio kapitalisasi pasar saham, rasio kredit Bank terhadap PDB, keterbukaan perdagangan dan produktivitas tenaga kerja berpengaruh signifikan terhadap pertumbuhan ekonomi. Sedangkan suku bunga riil tidak berpengaruh signifikan terhadap pertumbuhan ekonomi Indonesia, Untuk itu, dalam mengatasi dampak suku bunga terhadap pertumbuhan ekonomi lainnya maka pemerintah dalam hal ini Bank Indonesia sebagai regulator perlu menurunkan tingkat suku bunga sampai batas minimal untuk mendorong pertumbuhan sektor riil serta variabel ekonomi lainnya. Selain itu, pemerintah harus mendorong pengembangan sistem ekonomi secara komprehensif khususnya lembaga keuangan dan kebijakan moneter yang tidak berbasis bunga sebagai solusi untuk mengatasi permasalahan ekonomi secara umum</p>

scholarly journals Liquidity Synchronization, Its Determinants and Outcomes under Economic Growth Volatility: Evidence from Emerging Asian Economies

Risks ◽  
2021 ◽  
Vol 9 (2) ◽  
pp. 43
Author(s):  
Syeda Hina Zaidi ◽  
Ramona Rupeika-Apoga
Keyword(s):  
Economic Growth ◽  
Emerging Markets ◽  
Interest Rates ◽  
Emerging Market ◽  
The Philippines ◽  
Country Level ◽  
Market Index ◽  
High Inflation ◽  
Asian Emerging Markets ◽  
Growth Volatility

This study investigates the country-level determinants of liquidity synchronization and degrees of liquidity synchronization during economic growth volatility. As a non-diversifiable risk factor, liquidity co-movement shock spreads market-wide and thus disrupts the overall functioning of the financial market. Firms in Asian markets operate in legal and regulatory environments distinct from those of firms analyzed in the previous literature. Comprehensive analyses of liquidity synchronicity in emerging markets are limited. A major knowledge gap pertaining to Asian emerging markets serves as the primary motivation for this study. Seven Asian emerging economies are selected from the MSCI emerging market index: Bangladesh, China, India, Indonesia, Malaysia, Pakistan and the Philippines for analysis from 2010 to 2019. The empirical findings show high levels of liquidity synchronicity in weaker economic and financial environments with low GDP growth, high inflation and interest rates and underdeveloped financial systems taking the form of low levels of private credit. Liquidity synchronicity is also affected by poor investor protection, political instability, weak rule of law and government ineffectiveness. Moreover, levels of liquidity synchronicity are higher in a period of economic growth volatility.

DIFFERENCES AND SIMILARITIES OF ENTREPRENEURIAL CHARACTERISTICS IN A DIVERSE SOCIAL SETTING-EVIDENCE FROM AUSTRALIAN AND SINGAPOREAN MANAGERS

2001 ◽  
Vol 09 (03) ◽  
pp. 273-289 ◽  
Author(s):  
CECIL A. L. PEARSON ◽  
SAMIR R. CHATTERJEE
Keyword(s):  
Economic Growth ◽  
International Entrepreneurship ◽  
Personality Characteristics ◽  
The Other ◽  
Personal Attributes ◽  
Work Setting ◽  
Social Setting ◽  
Geographic Boundaries ◽  
National Economic ◽  
The One

Despite the growing acceptance that entrepreneurship facilitates national economic growth there has been a lack of research in diverse international contexts. This paper assesses relationships between contextual work setting properties and three personality characteristics that have been identified in the Western literature as being associated with entrepreneurial motivation. Responses from 410 Australian and Singaporean entrepreneurs and non-entrepreneurs demonstrate on the one hand there was systematic entrepreneurial variation between the two countries, but on the other hand, the influence of personal attributes on entrepreneurship were not hampered by geographic boundaries. The findings are discussed in terms of challenges for international entrepreneurship.

scholarly journals A Discrete Heterogeneous-Group Economic Growth Model with Endogenous Leisure Time

2009 ◽  
Vol 2009 ◽  
pp. 1-17
Author(s):  
Wei-Bin Zhang
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Income Distribution ◽  
Growth Model ◽  
Time Allocation ◽  
Capital Accumulation ◽  
Economic Growth Model ◽  
National Economic ◽  
The Rich ◽  
Main Engine

This paper proposes a one-sector multigroup growth model with endogenous labor supply in discrete time. Proposing an alternative approach to behavior of households, we examine the dynamics of wealth and income distribution in a competitive economy with capital accumulation as the main engine of economic growth. We show how human capital levels, preferences, and labor force of heterogeneous households determine the national economic growth, wealth, and income distribution and time allocation of the groups. By simulation we demonstrate, for instance, that in the three-group economy when the rich group's human capital is improved, all the groups will economically benefit, and the leisure times of all the groups are reduced but when any other group's human capital is improved, the group will economically benefit, the other two groups economically lose, and the leisure times of all the groups are increased.

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