Determinants of Lending in Commercial Banks in Indonesia Before and During the Covid-19 Pandemic

Munadia Husna, Muhammad Anas

Abstract


This study aims to estimate the effect of lending rates, exchange rates, money supply, inflation, and public optimism on credit demand in Indonesia during January 2012 to May 2022 and compare their effects before and during the Covid-19 pandemic, using the Ordinary Least Squares (OLS) approach. The results showed that the exchange rate and money supply had a positive effect on credit demand in Indonesia before and during the Covid-19 pandemic, while lending rates and public optimism had no effect on credit demand. Meanwhile, inflation before the Covid-19 pandemic showed no effect on credit demand, but had a positive effect during the Covid-19 pandemic. Thus, in order to increase credit demand, Bank Indonesia as the central bank should maintain exchange rate stability and money supply through monetary policy to improve the economy and maintain public perception.

Keywords


credit demand, lending rate, exchange rate, money supply, inflation, public optimism, Covid-19

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References


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DOI: https://doi.org/10.30596/miceb.v1i0.247

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