Tugas Review Jurnal Ekonomi Makro

Mata Kuliah : Ekonomi Makro Lanjutan Dosen : Dr.Fitrawaty,SP.,M.Si

Oleh :

Mutiara Shifa (8166162017)

MAGISTER ILMU EKONOMI FAKULTAS EKONOMI UNIVERSITAS NEGERI MEDAN 2017

Title Journal

The Persistency and The Sustainability of the Indonesia’s Current Account Deficit

Journal Download

Buletin Ekonomi Moneter dan Perbankan http://www.bi.go.id

Volume & Page

Volume 17, Nomor 3, 325-348 Page

Date Author

Januari 2015 Tuti Eka Asmarani dan Telisa Aulia Falianty

ISSN

2460 9196

Reviewer

Mutiara Shifa

Research Purposes

the result shows the Indonesian current account deficit is persistent for the period of 2011Q4-2014Q1, and is considered to be unsustainable.

Research Subject

Current account deficit, random walk, intertemporal budget constraint, unit root, ARDL

Assesment Data

1. Study documents 2. Observation

Research methods

 The Persistence of the Current Account 1. Unit Root Test Augmented Dickey Fuller (ADF) 2. Philips-Perron Test  Sustainability of the Current Account Based on Pesaran et al. (2001), a modified ARDL, an Autoregression Vector model (VAR)

Research result

Strength Research

Weakness Research

These results showed persistent deficits on the period 2011Q42014Q1, due to the influence of the European crisis that occurred in the fourth quarter of 2011. The transmission effects of the European crisis was felt by Indonesia through two channels, namely the trade and financial channels. The impact of the crisis on the trade lanes were not perceived directly, because Indonesia is not a major trading partner for the countries in Europe that were experiencing pressure. However, transmission through the financial channel was in the form of portfolio investments that caused the current account deficit bringing about the strengthening of the rupiah. The current account in Indonesia is in an unsustainable condition. The condition is caused due to an unsustainable current account deficit which occurred in the fourth quarter of 2011 to the first quarter of 2014. The deficit was mostly contributed by the deficit in the balance of services, particularly transportation services for the amount of oil imports. The results of this study are consistent with the two previous researchers, namely Baharumshah, Lau & Fountas (2002) and Rahman (2011) which stated that the current account in Indonesia is in an unsustainable condition. This condition is vulnerable to shocks created by the turbulence of the world economy into the domestic market (as examined by Baharumshah et al. for the Asian crisis of 1997/1998, Rahman for the American crisis of 2008, and this study for the European post-crisis, 2011). Referring to the results above, it is necessary to optimize the four policy packages that have been launched by the government in August 2013, particularly a package of measures to encourage exports for addressing the current account deficit. In addition, policy for repairing the account deficit for services, especially the goods transportation services, with the provision of adequate transport facilities for import-export activities. Strengths of this study is :  The model used in this paper according with grand theory.  In the introduction, author give explanation to why this research is important to investigated.  The references used in this paper according with research studies. Weaknesses of this study is:  In the methode research,author give explanation about sample and population.  Author give not suggestion after conclusion

Mata Kuliah : Ekonomi Moneter Dosen : Dr.Fitrawaty,SP.,M.Si

Oleh :

Mutiara Shifa (8166162017)

MAGISTER ILMU EKONOMI FAKULTAS EKONOMI UNIVERSITAS NEGERI MEDAN 2017

Title Journal

The Determinants of BANK’S Efficiency IN INDONEESIA

Journal Download

Buletin Ekonomi Moneter dan Perbankan http://www.bi.go.id

Volume & Page

Vol. 18 No. 02, 129-156 Page

Date Author

October 2015 Astoeti Wahjoe Widiarti,Hermanto Siregar and Trias Andati

ISSN

2460 9196

Reviewer ResearchPurposes

ResearchSubject

Mutiara Shifa The Indonesian banking industry is inefficient in its intermediation function, which is in line with their financial indicators namely the total increasing asset, stable ROA of around 2-3%, and their Operating to Income Cost ratio of about 66-83%. Banking, efficiency, panel estimation, Indonesia.

AssesmentData

The data used are secondary data in the form of bank financial data in Indonesian Banking Statistics report and Publication Report 2012, 2013 and 2014 on Bank Indonesia website www. Bi.go.id. And OJK website www.ojk.go.id. The value of GCG implementation is taken from self assessment bank for assessment of 2012, 2013 and 2014 downloaded from financial statements of bank and website publication of each bank.

Research methods

The population used in this study are all conventional banks in Indonesia in 2012 until 2014 ie 108 banks consisting of 4 Bank Persero, 39 BUSN Foreign Exchange, 23 Non-Foreign Exchange BUSN, 26 BPD, 6 Mixed Banks and 10 KCBA. Period of data taken is 3-year 3-year period of observation data (Q1.2012 - Q4.2014). Internal determinants in this study include size, type, NPL, CAR or KPMM, LDR, BOPO, NIM, DEP and GCG

Step Research

This research consists of 2 stages: 1. Measuring the efficiency with the DEA method of comparing the output variables to the input variables using the intermediation approach 2. Estimate the influence of bank internal factors as independent variables to the dependent variable that is efficiency (DEA measurement result) using panel data regression.

Research result

Strength Research

OJK as a banking supervisory authority may use the results of this study for consideration in making policy and supervisory action steps. The OJK policy to perform depositor funds based on BUKU is considered appropriate to support the achievement of bank profitability and efficiency. The need for commitment from the banking industry to compliance in mempublika sikan GCG values in accordance with the fact that the value of GCG is appropriate to support other research because of the results of this analysis is known that GCG does not affect the efficiency. Strengh Reseach is :  The model used in this paper according with grand theory.  In the introduction, author give explanation to why this research is important to investigated.  The references used in this paper according with research studies.  Author give suggestion after conclusion for next research

Weakness Research

Weakness Research is:  In the introduction, author give not grand theory for Corroborate this research  The author should make samples and populations as well as detailed analysis data