| Summary: | The banking system in the country of Indonesia adheres Dual Banking System
( DSB ). The existence of the Dual Banking System ( DSB ) is due to Indonesia has
two banking systems, namely Islamic banking and conventional. It is clearly a
challenge for the central bank to regulate and supervise the banking system in
Indonesia in accordance with UU No. 7 of 1992 which was revised into UU No. 10
of 1998 .
Islamic economy is believed to provide a solution to build the Islamic
financial system is more stable and secure because it is free from usury , maysir , and
gharar that had been contained in the conventional financial system . This can be
seen by many empirical studies that prove that the Islamic banking and financial
system is more stable when compared to International conventional financial system.
This study examined how much influence macroeconomic variables include
inflation , unemployment , IHSG , balance of payments , exchange rate and interest
rate stability BI on Islamic banking and conventional banking both in the crisis
period (2008-2009) as well as in the non - crisis period ( 2011 � 2012 ) in Indonesia .
The data used are quarterly data with an observation period of 2008. I - 2012. IV .
By involving five ( 5 ) Islamic banks and five ( 5 ) existing conventional banks in
Indonesia .
The results of this study concluded that the macroeconomic variables affect
the CAMEL Islamic banking in the whole period (2008.I-2012.IV). However, no
impact on the crisis period (2008.I-2009.IV) and non-crisis (2011.I-2012.IV). In
contrast to that experienced by conventional banks which are influenced by
macroeconomic variables both in the overall period (2008.I-2012.IV) and the crisis
period (2008.I-2009.IV) however, in the non-crisis period (2011.I -2012.IV) CAMEL
conventional banks avoid volatility of macroeconomic variables. Furthermore, when
tested using a variable interaction between macroeconomic variables (SBI and
exchange rates) on a dummy variable (1 = syariah, 0 = conventional), it is clear that
Islamic banking is more stable than conventional banks in the crisis period (2008.I-
2009.IV). However, in the non-crisis period (2011.I-2012.IV) performance of Islamic
banking and conventional banking as good.
Keywords : Islamic Banking, Conventional Banking, Macroeconomic variables
|
|---|