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Financing of urban infrastructure: case of property loan in Indonesia

Jurnal Keuangan dan Perbankan, Tahun XI, Nomor 3, September 2007
Journal from JIPTUNMERPP / 2008-10-12 20:53:04
Oleh : Abdul Mongid , Diploma 3 of Finance and Banking Merdeka University Malang (jurkeubank@yahoo.com)
Dibuat : 2007-09-01, dengan file

Keyword : Monetary policy, property loan, interest rate

Housing, as a part of property business was a problem especially in city. It was a major economic, political and social issue. As population kept growing and urbanization from time to time, the necessary of providing adequate housing also increased from time to time. The increasing level of urbanization from time to time was unavoidable and as a consequence, the need for additional resources for this sector increased too. The property financing was different from other loans especially on interest rate risk side. Thus, banks that provided financing for property were very cautious on interest rate change. The data used in this study were aggregate data and collected mainly from Bank Indonesia database, National Statistic and Asia Development Bank. The data were monthly and the time period of the study was from 2001 to 2006. Variables employed in this study were Property loan (PL), discount rate (DR), Effective interest rate (EIR), industrial production (IP), Broad Money (BM), Interbank rate (IBR) and total bank deposit (BD). In conclusion, we concluded that discount rate, three month interbank interest and industrial index were negatively significant. Deposits and effective interest rate were positively significant.

Deskripsi Alternatif :

Housing, as a part of property business was a problem especially in city. It was a major economic, political and social issue. As population kept growing and urbanization from time to time, the necessary of providing adequate housing also increased from time to time. The increasing level of urbanization from time to time was unavoidable and as a consequence, the need for additional resources for this sector increased too. The property financing was different from other loans especially on interest rate risk side. Thus, banks that provided financing for property were very cautious on interest rate change. The data used in this study were aggregate data and collected mainly from Bank Indonesia database, National Statistic and Asia Development Bank. The data were monthly and the time period of the study was from 2001 to 2006. Variables employed in this study were Property loan (PL), discount rate (DR), Effective interest rate (EIR), industrial production (IP), Broad Money (BM), Interbank rate (IBR) and total bank deposit (BD). In conclusion, we concluded that discount rate, three month interbank interest and industrial index were negatively significant. Deposits and effective interest rate were positively significant.

Copyrights : Copyright (c) 2008 by Digital Library Universitas Merdeka Malang. Verbatim copying and distribution of this entire article is permitted by author in any medium, provided this notice is preserved.

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PropertiNilai Properti
ID PublisherJIPTUNMERPP
OrganisasiD
Nama KontakDra. Wiwik Supriyanti, SS
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KotaMalang
DaerahJawa Timur
NegaraIndonesia
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  • Editor: Wiwik Supriyanti, Dra. SS.