MODEL AKTIFITAS EKONOMI DAN SISTEM PERBANKAN INDONESIA

Abstract

This paper examines the contribution of monetary expansion, efficiencies and banks merger shocks for economic and banking system activities. Using SEM, the contribution of monetary expansion, efficiencies and banks merger shock are increasing in economic and banking system activities. The monetary expansion shock result the positives shock in deposit, loans, output and bank reserves, and the negatives shock in deposit interest rates and loans interest rates. The deposit interest rate is decreasing more than the loans interest rate, so that the gross interest margin of banking system is raised. The efficiencies and banks merger shock is also result the positive shock in loans, output and bank reserves, and negatives shock in bank deposits, deposit interest rate and loans interest rate. The deposit interest rate is decreasing more than the loans interest rate, so that the gross interest margin of banking system is raised. Result of investigation also shows that the mix policy between monetary expansion, efficiencies and banks merger shocks result for higher economic and banking system activities. These investigations suggest to monetary authorities and banks shareholder to continuing banks merger, because its increase in for higher economic and banking system activities. Monetary expansion policy must follow banks merger because it does not only improve the efficiency in banking system activities but also improve economies of scope or diversification, the effectiveness of monetary policy, and the increasing in the capital adequacy for grantee supply of loans banking system.