Macroprudential Policy Study: Loan to Value Ratio in Home Ownership Credit Control
Housing credit in Indonesia has high growth from 2011. This growth could become excessive growth and cause housing bubble. Therefore, the government implement Loan To Value (LTV) to control mortgages. However, growth of housing credit is still fluctuating and slowing down when the government looseni...
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| Format: | Article |
| Language: | English |
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Universitas Airlangga, Departemen Ilmu Ekonomi Fakultas Ekonomi dan Bisnis
2019-06-01
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| Series: | JIET (Jurnal Ilmu Ekonomi Terapan) |
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| Online Access: | https://e-journal.unair.ac.id/JIET/article/view/11915 |
| _version_ | 1797988441786417152 |
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| author | Azka Muthia |
| author_facet | Azka Muthia |
| author_sort | Azka Muthia |
| collection | DOAJ |
| description | Housing credit in Indonesia has high growth from 2011. This growth could become excessive growth and cause housing bubble. Therefore, the government implement Loan To Value (LTV) to control mortgages. However, growth of housing credit is still fluctuating and slowing down when the government loosening LTV policy. This condition become the reasons to evaluate the success of LTV in Indonesia. The results using Hodrick Prescott (HP) filter method identified that housing credit several times experienced excessive growth and with Generalized Linear Autoregressive Moving Average (GLARMA) method shows that housing credit to GDP ratio is influenced by previous month and not influenced by LTV policy. Based on these results, Bank Indonesia can combine LTV policy with Debt To Income policy and determine the target of mortgage growth target to succesful housing credit control.
Keywords: KPR; LTV; Excessive Growth; HP filter; GLARMA.
JEL: C01; E52 |
| first_indexed | 2024-04-11T08:04:09Z |
| format | Article |
| id | doaj.art-d00264fd13f44efd996ff221bc491028 |
| institution | Directory Open Access Journal |
| issn | 2541-1470 2528-1879 |
| language | English |
| last_indexed | 2024-04-11T08:04:09Z |
| publishDate | 2019-06-01 |
| publisher | Universitas Airlangga, Departemen Ilmu Ekonomi Fakultas Ekonomi dan Bisnis |
| record_format | Article |
| series | JIET (Jurnal Ilmu Ekonomi Terapan) |
| spelling | doaj.art-d00264fd13f44efd996ff221bc4910282022-12-22T04:35:37ZengUniversitas Airlangga, Departemen Ilmu Ekonomi Fakultas Ekonomi dan BisnisJIET (Jurnal Ilmu Ekonomi Terapan)2541-14702528-18792019-06-0141173110.20473/jiet.v4i1.119159586Macroprudential Policy Study: Loan to Value Ratio in Home Ownership Credit ControlAzka Muthia0Badan Pusat StatistikHousing credit in Indonesia has high growth from 2011. This growth could become excessive growth and cause housing bubble. Therefore, the government implement Loan To Value (LTV) to control mortgages. However, growth of housing credit is still fluctuating and slowing down when the government loosening LTV policy. This condition become the reasons to evaluate the success of LTV in Indonesia. The results using Hodrick Prescott (HP) filter method identified that housing credit several times experienced excessive growth and with Generalized Linear Autoregressive Moving Average (GLARMA) method shows that housing credit to GDP ratio is influenced by previous month and not influenced by LTV policy. Based on these results, Bank Indonesia can combine LTV policy with Debt To Income policy and determine the target of mortgage growth target to succesful housing credit control. Keywords: KPR; LTV; Excessive Growth; HP filter; GLARMA. JEL: C01; E52https://e-journal.unair.ac.id/JIET/article/view/11915kprltvexcessive growth hp filterglarma |
| spellingShingle | Azka Muthia Macroprudential Policy Study: Loan to Value Ratio in Home Ownership Credit Control JIET (Jurnal Ilmu Ekonomi Terapan) kpr ltv excessive growth hp filter glarma |
| title | Macroprudential Policy Study: Loan to Value Ratio in Home Ownership Credit Control |
| title_full | Macroprudential Policy Study: Loan to Value Ratio in Home Ownership Credit Control |
| title_fullStr | Macroprudential Policy Study: Loan to Value Ratio in Home Ownership Credit Control |
| title_full_unstemmed | Macroprudential Policy Study: Loan to Value Ratio in Home Ownership Credit Control |
| title_short | Macroprudential Policy Study: Loan to Value Ratio in Home Ownership Credit Control |
| title_sort | macroprudential policy study loan to value ratio in home ownership credit control |
| topic | kpr ltv excessive growth hp filter glarma |
| url | https://e-journal.unair.ac.id/JIET/article/view/11915 |
| work_keys_str_mv | AT azkamuthia macroprudentialpolicystudyloantovalueratioinhomeownershipcreditcontrol |