PENGUJIAN EMPIRIS DISIPLIN PASAR PERIODE PENJAMINAN SIMPANAN IMPLISIT DAN EKSPLISIT DI INDONESIA
Fakultas Ekonomi Universitas Stikubank
Jl. Kendeng V, Bendan Ngisor Semarang, 50241.
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This article concerned the issue of market discipline and deposit insurance in Indonesia. This research aimed to examine the market discipline as a consequence of bank risk taking on period of implicit and explicit deposit insurance. The samples were commercial banks operating in Indonesia and they were tested using OLS regression models and Sub Group analysis. It showed that market discipline functioned as a consequence of bank risk taking during the guarantee period, but there was no difference in the effect of risk on market discipline between periods of implicit and explicit deposit insurance. Market discipline in Indonesia was determined more by the bank risk taking, not by the difference of deposit insurance scheme.
Key words: explicit, implicit, market discipline, risk, deposit insurance