Covid–19 dan Stabilitas Bank dalam Peran Intermediasi di Indonesia

Shelfi Malinda, Muizzuddin Muizzuddin


This study aims to investigate the impact of COVID-19 on bank performance and stability in the Indonesian context. In particular, this study examines whether the number and accumulation of confirmed cases and deaths of COVID-19 is important in influencing bank stability based on market measures. By performing an ordinary least squares (OLS) estimation technique on daily inter-time data from the 4th quarter of 2019 to the 2nd quarter of 2021. This study confirms that COVID-19 has reduced banking stock prices and returns so that it has negative impact on bank stability. This research contribute to the literature, this research will enhance empirical studies related to COVID-19 and how it can reduce its negative impact, especially a deeper understanding of Indonesia as one of the emerging markets contributing globally. Second, for policy makers, this study promotes which policies effectively measure the weaknesses of COVID-19 in Indonesia and decreases the effect of bank stability decreasing.




Bank Stability, Intermediation Function, and Stock prices

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