DETERMINAN TINGKAT SUKU BUNGA KREDIT DI INDONESIA TAHUN 2000.1-2006.12

Abstract

This research title is Determinant of Credit Rate Level in Indonesia on 2000.1-2006.2. It has aim to understand the determinant effect of credit rate in Indonesia and variables that influence, such as the amount of money that spreading, Gross Domestic Product, SBI rate and international rate (SIBOR). Analysis methods that are used in this research are Granger Causality Test, Vector Error Correction Model (VECM) with Impulse Responds and Variance Decomposition. Based on Granger Causality Test, it can be conclude that there is causal relation between SBI rate levels with credit rate level in Indonesia. While between the amount of spreading money, Domestic Gross Product and International Rate (SIBOR) with credit rate level, can be conclude that there is no causal relation. With the presence of causal relation between SBI rate and credit rate, it can be conclude that this method is feasible for the research. Based on VECM method result from Impulse Response, can be inferred that credit rate is negatively responded by the amount of spreading money influence. While the Gross Domestic Product, SBI rate and International rate (SIBOR) is positively responded by credit rate level. The result from Variance Decomposition shows that contribution of the amount of spreading money in determining credit rate level is up to 1, 35%, PDB contribution shows that credit rate level is up to 0,22%, contribution explain credit rate level until 42%, SIBOR contribution explains that credit rate level is up to 1,2%. Based on this research, can be conclude that policy variable is responded fast by SBI rate variable that other variable and the biggest contribution to credit rate level in Indonesia on 2000.1 – 2006.2 is SBI rate level.