Impact of Coronavirus and Macroeconomic Indicators on Sharia Obligation with Simultaneous Model

Abstract

This study examines the macroeconomic variables exchange rate and BI rate in collaboration with the Coronavirus Disease case against Sukuk. In addition, this study also examines the exchange rate influenced by the BI rate variable and the case of Coronavirus Disease. The data analysis method in this study uses a simultaneous equation model Two-Stage Least Square. This study found that the exchange rate affects the demand for Sukuk while the BI rate does not affect it. But what is surprising is that when the Coronavirus Disease 2019 case occurred, it did not affect the demand for Sukuk. This study also found that the exchange rate is influenced by the BI rate and the case of Coronavirus Disease. The contribution of this research is that when the government cannot intervene in the exchange rate, which can affect the demand for Sukuk, it can be done by intervening in the BI rate.JEL Classification: C30, G12, O10How to Cite:Bawono, A., Rofiuddin, M., Nabila, R., & Anwar, S. (2021). Impact of Coronavirus and Macroeconomic Indicators on Sharia Obligation with Simultaneous Model. Signifikan: Jurnal Ilmu Ekonomi, 10(1), 291-298. https://doi.org/10.15408/sjie.v10i2.21084.

The Influence of Inflation, Exchange Rate, Non Performing Financing (NPF) and Financing to Deposit Ratio (FDR) to Financial Sustainability Ratio with Return on Aset (ROA) as Mediation

“…Kurs atau nilai tukar merupakan nilai atau harga mata uang suatu negara yang dinyatakan ke dalam nilai mata uang negara lain (Hidayati, 2014). Fluktuasi kurs juga bisa membuat ketidakpastian ekonomi yang berdampak pada kepercayaan investor (Bawono et al, 2021). Perbankan syariah merupakan lembaga yang mempunyai fasilitas transaksi perdagangan internasional, sehingga tidak bisa menghindar dari keterkaitannya pada pasar valuta asing.…”