| dc.description.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. | en_US |
