This study aims to examine and analyze the effect of cash turnover, accounts receivable on profitability with liquidity as an intervening variable. The sample this research is Rural Banks (BPR) Tangerang Regency which are registered Financial Services Authority (OJK) for period 2016 2020. data analysis technique uses multiple linear regression path analysis. results showed that simultaneously r...

This paper studies the behavior of the economy and the efficacy of monetary policy under zero nominal interest rates, using a model with population growth that nests, as a special case, a more conventional specification in which there is a single infinitely lived representative agent. The paper shows that with a growing population, monetary policy has distributional effects that give rise to a ...

accordingly, this study attempts to present an effective tool based on the securitized commodity murabahah and to fulfill its feasibility study.  the overall structure of the tool is such that the banks with surplus funds, at first, reallocate their resources to banks in deficit by commodity murabahah program and then convert their demands from those banks to securitized commodity murabahah, an...

In this paper, I show that a sizable component of emerging market sovereign yield spreads is due to factors other than default risk such as liquidity. I estimate the non-default component of the yield spreads as the basis between the actual credit default swap (CDS) premium and the hypothetical CDS premium implied by emerging market bond yields. On average, the basis is large and positive for s...

Merrill Lynch Bank USA has a multibillion dollar portfolio of revolving credit-line commitments with over 100 institutions. These credit lines give corporations access to a specified amount of cash for short-term funding needs. A key risk associated with credit lines is liquidity risk, or the risk that the bank will need to provide significant assets to the borrowers on short notice. We develop...

Dan Thornton has written a very interesting paper on estimating the liquidity effect at the daily frequency. The paper starts with a nice discussion of the historical origins of the term “liquidity effect” (tracing it back to Milton Friedman, but somewhat surprisingly, no farther). The paper then discusses ways to identify the liquidity effect in daily data, and applies this discussion to criti...

The COVID-19 pandemic has caused the banking sector to become one of sectors experiencing problems due increasing number non-performing loans and a decrease in capital adequacy ratio. purpose this study was determine effect credit restructuring, on bank liquidity moderated by size. population are Conventional Commercial Banks Sharia registered with Financial Services Authority (OJK). sample tec...

the interaction between nominal and real sectors is studied based on estimating a simultaneous co-integrated system including foreign and domestic prices, real output, liquidity and exchange rate variables. two co -integrating vectors namely augmented ppp and demand for money functions are identified. the results suggest that real output is a weakly exogeneous variable and relatively the leadin...

Considerable anecdotal evidence suggests that the effects of liquidity shocks spread quickly throughout the financial sector. However, few studies have focused on the dynamics of liquidity across real-estate markets. This paper examines the liquidity spill-over impact across four markets linked by a common fundamental factor : the stock market, the derivative (Credit Default Swap (CDS)) market,...