| dc.description.abstract | Policy mix by Bank Indonesia to promote sustainable economic growth not only
through monetary policy in stabilizing prices but also necessary for the stabilization
of the financial system through the implementation of macroprudential policies in
the financial system. The purpose of this study can contribute to the development
of the conceptual framework of monetary and macroprudential policy mix as well
as provide an alternative transmission is effective in achieving the main objective of
Bank Indonesia. The data used in this study are monthly data in 2007M1 to 2016M9.
The variables used were the nominal exchange rate, inflation, credit, real GDP, asset
prices and Index Financial Stability (ISSK). Instruments used as macroprudential
policy mix is monetary BI rate and GWM primary, GWM secondary, GWM Valas,
GWM+LDR, LTV, and CCB. The analytical tool used in this research is Structural
Vector Autoregression (SVAR) to see the influence of variables through the restriction
as well as instruments that have an effective influence. Results showed that the interest rate of Bank Indonesia accompanied by GWM primary, GWM secondary,
GWM Valas, GWM+LDR, LTV, and CCB influential in price stabilization through
credit and economic growth. While the stabilization of the financial system, interest
rate instruments, secondary statutory reserves and statutory reserves Currency
effect through lines of credit, asset prices and exchange rates. | en_US |
