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2024 | OriginalPaper | Chapter

Characterising the Islamic Financial Cycle in Indonesia Post-Pandemic Era: Markov Switching Approach

Authors : Irfan Nurfalah, Aam Slamet Rusydiana, Nisful Laila, Puji Sucia Sukmaningrum, Luthfi Nur Rosyidi

Published in: Technology and Business Model Innovation: Challenges and Opportunities

Publisher: Springer Nature Switzerland

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Abstract

The chapter delves into the Islamic financial cycle in Indonesia post-pandemic, employing a Markov switching approach to analyze the interplay between Islamic banking, capital market factors, and macroeconomic indicators. It highlights the distinct phases of acceleration and deceleration in the financial cycle, influenced by global economic instability and policy interventions. The study provides valuable insights into the determinants of economic growth, with a focus on the role of Islamic finance in shaping Indonesia's economic trajectory. By examining the impact of factors such as total Islamic bank financing, non-performing financing, and exchange rates, the chapter offers a comprehensive understanding of the Islamic financial cycle and its implications for policy formulation.

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Title: Characterising the Islamic Financial Cycle in Indonesia Post-Pandemic Era: Markov Switching Approach
Authors: Irfan Nurfalah
Aam Slamet Rusydiana
Nisful Laila
Puji Sucia Sukmaningrum
Luthfi Nur Rosyidi
Publisher: Springer Nature Switzerland
Book: Technology and Business Model Innovation: Challenges and Opportunities
Print ISBN: 978-3-031-53997-8

Electronic ISBN: 978-3-031-53998-5

Copyright Year: 2024
DOI: https://doi.org/10.1007/978-3-031-53998-5_3

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