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PERANAN THE LENDER OF LAST RESORT (LOLR) TERHADAP PEREKONOMIAN: Suatu Kajian Empiris Terhadap Bantuan Likuiditas Bank Indonesia (BLBI)

Buletin Ekonomi Moneter dan Perbankan · Vol. 7 No. 1 (2004) · hlm. 53–88

DOI
10.21098/bemp.v7i1.98
ISSN
2460-9196, 1410-8046
Terbit
2004-12-15
Penerbit
Bank Indonesia
Bahasa
ind

Abstrak

The role of central bank as the lender of last resort (LOLR) has been well known since 19th century. LOLR is a lending facility to non liquid bank to avoid systemic financial crisis on banking. In Indonesia Central Bank of Indonesia provides this facility, namely Bantuan Likuiditas Bank Indonesia (BLBI). Using macro-econometric model to run two simulations; with and without BLBI, we find that BLBI can avoid national output fall while the existence of BLBI, the cost of liquidity crisis will be less. Our result also shows that BLBI tend to overshoot exchange rate by money printing to support non liquid bank which in turn increase the probability of systemic crisis.

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Justina AdamantiAfiliasi tidak diketahui2
Priyo R. WidodoAfiliasi tidak diketahui2
Mulyana SoekarniAfiliasi tidak diketahui2
. SolikinAfiliasi tidak diketahui1
Wijoyo SantosoAfiliasi tidak diketahui1
Adam Luthfi KusumatrisnaAfiliasi tidak diketahui1
Syamsul H. PasaribuAfiliasi tidak diketahui1
Doni SatriaAfiliasi tidak diketahui1
Nachrowi Djalal NachrowiAfiliasi tidak diketahui1
Telisa A. FaliantyAfiliasi tidak diketahui1

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Sumber metadata: OAI-PMH (metadata jurnal) https://www.bmeb-bi.org/index.php/BEMP/oai, pertama di-harvest 8 Nov 2026, terakhir terlihat 8 Nov 2026.
Metadata asli (oai_dc) 
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	<dc:title xml:lang="id-ID">PERANAN THE LENDER OF LAST RESORT (LOLR) TERHADAP PEREKONOMIAN: Suatu Kajian Empiris Terhadap Bantuan Likuiditas Bank Indonesia (BLBI)</dc:title>
	<dc:creator>Sugema, Iman</dc:creator>
	<dc:creator>Simorangkir, Iskandar</dc:creator>
	<dc:description xml:lang="id-ID">The role of central bank as the lender of last resort (LOLR) has been well known since 19th century. LOLR is a lending facility to non liquid bank to avoid systemic financial crisis on banking. In Indonesia Central Bank of Indonesia provides this facility, namely Bantuan Likuiditas Bank Indonesia (BLBI). Using macro-econometric model to run two simulations; with and without BLBI, we find that BLBI can avoid national output fall while the existence of BLBI, the cost of liquidity crisis will be less. Our result also shows that BLBI tend to overshoot exchange rate by money printing to support non liquid bank which in turn increase the probability of systemic crisis.</dc:description>
	<dc:publisher xml:lang="en-US">Bank Indonesia</dc:publisher>
	<dc:date>2004-12-15</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
	<dc:type>info:eu-repo/semantics/publishedVersion</dc:type>
	<dc:type xml:lang="en-US">Peer-reviewed Article</dc:type>
	<dc:format>application/pdf</dc:format>
	<dc:identifier>https://www.bmeb-bi.org/index.php/BEMP/article/view/98</dc:identifier>
	<dc:identifier>10.21098/bemp.v7i1.98</dc:identifier>
	<dc:source xml:lang="en-US">Buletin Ekonomi Moneter dan Perbankan; Vol 7 No 1 (2004); 53- 88</dc:source>
	<dc:source xml:lang="id-ID">Buletin Ekonomi Moneter dan Perbankan; Vol 7 No 1 (2004); 53- 88</dc:source>
	<dc:source>2460-9196</dc:source>
	<dc:source>1410-8046</dc:source>
	<dc:language>ind</dc:language>
	<dc:relation>https://www.bmeb-bi.org/index.php/BEMP/article/view/98/80</dc:relation>
	<dc:relation>10.21098/bemp.v7i1.98.g80</dc:relation>
	<dc:rights xml:lang="en-US">Copyright (c) 2015 Iman Sugema, Iskandar Simorangkir</dc:rights>
</oai_dc:dc>