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Abstract
This study aimed to analyze the factors that affect financial deepening in Indonesia. The variables used in this study is a Third Party Fund (DPK), Islamic Financing, Corporate Bonds, Sukuk to Financial Deepening in Indonesia. Analyses were performed using monthly time series data published by Bank Indonesia in the study period from January 2011 to December 2015.
The analytical method used in this research is Ordinary Least Square (OLS). The resulting regression model showed that the variables Third Party Fund (DPK), Islamic Financing, Sukuk, Sukuk Corporation together have an influence on Financial Deepening in Indonesia. Partial, this research supports the Third Party Funds (TPF) positive and significant impact on the Financial Deepening, whereas in Islamic Financing does not affect the Financial Deepening. In addition the results of this study showed Corporate Sukuk and significant negative effect on the Financial Deepening, and for Sukuk which means partially positive and significant impact on the Financial Deepening in Indonesia.
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- www.bi.go.id www.ojk.go.id
References
Ajija, Shochrul Rohmatul. "Cara Cerdas Menguasi Eviews”, Salemba Empat, Jakarta, 2011
Antonio, Muhammad Syafi'i. "Bank Syariah dan Teori ke Praktek”, Gema Insani, Jakarta, 2001. Arifin, Zainul. "Dasar-Dasar Manajemen Bank Syariah”, Pustaka Alvabet, Jakarta, 2006. Gujarati, Damadar. "Ekonometrika Dasar”, Erlangga, Jakarta, 2006.
Hasan, Zubairi. "Undang-Undang Perbankan Syariah”, PT RajaGrafindoPersada, Jakarta, 2009. Karim, Adiwarman. " Ekonomi Islam Edisi Kedua”, PT RajaGrafindo Persada, Jakarta, 2008. Kasmir, "Manajemen Perbankan”, PT RajaGrafindo, Jakarta, 2002.
Kuncoro, Mudrajad. "Manajemen Keuangan Internasional Edisi Pertama”, BPEE, Yogyakarta,
Mankiw, Gregory, N. "Makroekonomi Edisi Lima Harvard University”, Erlangga, Jakarta, 2003.
Mckinnon, Ronald and Edward Shaw. "Money and Capital in Economic Development”, Brooking
Institution, Wahington DC, 1973.
Muhammad. "Manajemen Bank Syariah”, AMP YKPN, Yogyakarta, 2002.
Nafik, Muhammad. "Bursa Efek dan Investasi Syariah”, PT Serambi Ilmu Semesta, Jakarta, 2009. Pradhan, Prakash Rudra. "Financial Deepening, Foreign Direct Investment and Economic Growth:
Are They Cointegrated”, Internasional Journal of Financial Research Vol. 1, No. 1; Desember 2010
Rodoni, Ahmad. "Investasi Syariah”, Lembaga Penelitian UIN Jakarta, Ciputat, 2009.
Ruslan, Dede. "Analisis Financial Deepening di Indonesia”, Journalof Indonesian Applied
Economics, Universitas Negeri Medan, Medan, 2011
Siamat, Dahlan. "Manajemen Lembaga Keuangan Edisi Ketiga”, FEUI, Jakarta, 2001.
Sukirno, Sadono. "Teori Pengantar Ekonomi Makro”, PT RajaGrafindo Persada, Jakarta, 2004. Winarno, Wing Wahyu. "Analisis Ekonometrika dan Statistika dengan Eviews Edisi Kedua”, UPP
STIM YKPN, Yogyakarta, 2009.
Widarjono, Agus. " Ekonomi:Teori dan Aplikasi Untuk Ekonomi dan Bisnis”, Ekonisia,
Yogyakarta, 2005.
Nachrowi, Hadius Usman. "Pendekatan Populer dan Praktisi Ekonometrika Untuk Analisis
Ekonomi dan Keuangan”, FEUI, Jakarta, 2006.
Norman, Azhari. "Analisis Pengaruh Financial Deepening Pada Sektor Perbankan dan Pasar
Modal Terhadap Pertumbuhan Ekonomi Indonesia”, Universitas Indonesia, Jakarta, 2010.
www.bi.go.id www.ojk.go.id