Contagion of credit risk: Comparative analysis before and after the pandemic of COVID‐19

Itō, Takayasu

doi:10.1002/jcaf.22562

Cited by 2 publications

(1 citation statement)

References 21 publications

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“…Dengan begitu, kebijakan pemerintah dalam menciptakan stabilitas menjadi kunci penting bagaimana masyarakat dapat bertahan ditengah situasi tekanan ekonomi di masa Pandemi Covid 19 (H. Liu et al, 2020), (Magwedere & Marozva, 2022). Namun demikian, perlu kehati-hatian dalam pembuatan kebijakan yang ditujukan bagi relaksasi kredit terhadap nasabah di era Pandemi Covid 19 ini, karena menurut beberapa penelitian, tingkat resiko kredit akan semakin tinggi di daerah yang terkena dampak lebih tinggi (Ito, 2022), (Luo, 2022), (Nguyen et al, 2022).…”

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Pengaruh Implementasi Kebijakan Relaksasi Kredit Dan Budaya Organisasi Terhadap Efektivitas Pencapaian Program Perkreditan

Hidayat¹,

Akbar²,

Salamah³

2022

IJD

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ABSTRAK Penelitian ini bertujuan untuk menganalisis pengaruh implementasi kebijakan relaksasi kredit dan budaya organisasi terhadap efektivitas pencapaian program perkreditan dengan lokasi penelitian di BPR Arthaguna Mandiri cabang Garut. Metode penelitian kuantitatif dengan teknik survei, wawancara, observasi, dan studi dokumentasi, jumlah populasi sekaligus sampel penelitian sebanyak 40 pegawai. Sedangkan teknik analisis data yang digunakan adalah pendekatan structural equation model partial least square (SEM PLS) melalui pemanfaatan perangkat lunak SmartPLS. Hasil penelitian menunjukan bahwa implementasi kebijakan relaksasi kredit memiliki pengaruh positif tetapi tidak signifikan terhadap efektivitas pencapaian program perkreditan BPR Arthaguna Mandiri Cabang Garut serta budaya organisasi berpengaruh positif dan signifikan terhadap efektivitas pencapaian program perkreditan BPR Arthaguna Mandiri Cabang Garut. Hal ini mengindikasikan bahwa tingkat implementasi kebijakan relaksasi kredit yang optimal dan budaya organisasi yang baik akan meningkatkan efektivitas pencapaian program perkreditan. Kata Kunci: Kebijakan Relaksasi Kredit; Budaya Organisasi; Program Perkreditan; Analisis SEM-PLS. ABSTRACT This study aims to analyze the effect of the implementation of credit relaxation policies and organizational culture on the effectiveness of the credit program achievement of BPR Arthaguna Mandiri, Garut branch. Quantitative research methods with survey techniques, interviews, observations, and documentation studies, the total population as well as research samples are 40 employees. While the data analysis technique used is a partial least squares (SEM PLS) structural equation model approach through the use of SmartPLS software. The results showed that the implementation of the credit relaxation policy had a positive but not significant effect on the effectiveness of the credit program achievement of BPR Arthaguna Mandiri Garut Branch and organizational culture had a positive and significant effect on the effectiveness of the achievement of the credit program of BPR Arthaguna Mandiri Garut Branch. This indicates that the optimal level of credit relaxation policy implementation and a good organizational culture will increase the effectiveness of credit program achievement. Keywords: Credit Relaxation Policy; Organizational Culture; Credit Program; SEM-PLS Analisis Analysis.

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Pengaruh Implementasi Kebijakan Relaksasi Kredit Dan Budaya Organisasi Terhadap Efektivitas Pencapaian Program Perkreditan

Hidayat¹,

Akbar²,

Salamah³

2022

IJD

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Volatility spillover networks of credit risk: Evidence from ASW and CDS spreads in Turkey and Brazil

2024

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This study examines received and transmitted volatility spillovers of Credit Default Swap (CDS) and Asset-Swap Spread (ASW) for Brazil and Turkey. The empirical analysis is implemented using two country-based (stock markets and exchange rates) and two global (volatility index and global economic activity index) variables to account for the impact of integration into global markets. Empirical results suggest that both countries display distinctive features in their spillover networks. While exchange rates and the stock market figure prominently in Brazil as a source of spillovers, for Turkey, the primary element in spillovers appears to be credit risk indicators. Time-varying analysis results show that the European Debt Crisis of 2010-2011 and the global liquidity crunch of 2018-2019 are two critical periods in volatility spillovers that occurred toward credit risk indicators. Brazil displays more sensitivity to the developments of the pandemic than Turkey, likely due to its dependence on global economic activity and energy prices. Finally, for both countries, the leading variable in spillovers to credit risk indicators during financial turbulence episodes appears to be foreign exchange markets. This result highlights both economies' fragility and vulnerability to foreign exchange market-based shocks. Thus, we suggest effective and solid measures in this regard. Otherwise, those shocks could potentially induce a higher cost of financing in both economies due to the negative impacts on CDS and ASW spreads.

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Contagion of credit risk: Comparative analysis before and after the pandemic of COVID‐19

Cited by 2 publications

References 21 publications

Pengaruh Implementasi Kebijakan Relaksasi Kredit Dan Budaya Organisasi Terhadap Efektivitas Pencapaian Program Perkreditan

Pengaruh Implementasi Kebijakan Relaksasi Kredit Dan Budaya Organisasi Terhadap Efektivitas Pencapaian Program Perkreditan

Volatility spillover networks of credit risk: Evidence from ASW and CDS spreads in Turkey and Brazil

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