View full metadata
THIS DOI METADATA WAS LAST UPDATED: 2025-02-18 10:31
Cite as
-
Full Title
Economia agro-alimentare
-
Publisher
FrancoAngeli
-
ISSN
1126-1668 (Printed Journal)
1972-4802 (Online Journal)
-
Journal Issue Number
3
-
Journal Issue Designation
3
-
Journal Issue Date
2024
-
Full Title
Islamic Macroprudential Policy to Support Staple Agricultural Sector Financing
-
By (author)
-
First Page
15
-
Last Page
45
-
Language of text
English
-
Publication Date
2025/02
-
Copyright
2024 FrancoAngeli srl
Main description
The study aims to recommend Islamic macroprudential policy instruments to support Indonesia's staple agricultural sector financing. Delphi-ANP analysis method is used to determine the optimal Islamic macroprudential instruments, which result is supported by meta-analysis and optimum method findings.The results show that Islamic Agricultural Lending to Sector (IALTS) is the optimal instrument to support agricultural sector financing. According to the ANP and optimum method findings, an Islamic macroprudential instrument should meet three criteria i.e., it should be able to increase financing for the agricultural sector, prevent speculative short-term transactions, and internalize systemic risk. Experts emphasized that IALTS have met the criteria to support sustainable growth and stability in the agricultural sector financing. Meta-analysis reveals a positive and significant correlation between agricultural financing and agricultural productivity across countries, which supports the instrument of macroprudential implementation.The government should adopt measures to boost agricultural production through macroprudential policy tools, financing for agriculture from Islamic banks, and policies that ensure inclusive agricultural financing for the benefit of all levels of farmers.
Reference list of
10.3280/ecag2024oa16369
Unstructured Citation
Aguilar, D. N., & Tovar, L. E. C. (2013). Agricultural policy in Mexico during the period 1995-2009: A multivariate analysis Resumen. Revista Mexicana de Ciencias Agrícolas, 4(2), 307-313. -- www.scielo.org.mx/pdf/remexca/v4n2/v4n2a10.pdf.
Unstructured Citation
Allimi, H. M., Abdullahi, I. D., B. B. A., Mawaida, A. A., Abdullahi, J., & Sani, A. (2019). Impact of agricultural credit on women small-scale cottage agribusinesses in Kura local government area of Kano State. World Wide Journal of Multidisciplinary Research and Development, 5(4), 27-32. -- https://wwjmrd.com/archive/2019/4/1170/impact-of-agricultural-credit-on-women-small-scalecottage-agribusinesses-in-kura-local-government-area-of-kano-state.
Unstructured Citation
Basel Committee on Banking Supervision. (2010). Guidance for National Authorities Operating the Countercyclical Capital Buffer. -- www.bis.org/publ/bcbs187.pdf.
Unstructured Citation
Bhandari, P. (2022). What is Effect Size and Why Does It Matter? (Examples). Scribbr. -- www.scribbr.com/statistics/effect-size/.
Unstructured Citation
Committee on the Global Financial System (2012). Operationalising the selection and application of macroprudential instruments.
Unstructured Citation
Dalkey, N., & Helmer, O. (1963). An experimental application of the delphi method to the use of experts. Management Science,
9(3), 458-467. -- www.jstor.org/stable/2627117.
https://doi.org/10.1287/mnsc.9.3.458
Unstructured Citation
Fariduddin, R. (2010). Pengaruh Pembiayaan Murabahah terhadap Produktivitas Usaha Kecil Desa Rajagaluh Kec. Rajagaluh Kabupaten Majalengka (Studi Kasus Nasabah BMT Al Islah Kantor Kas Rajagaluh Kec. Rajagaluh Kab. Majalengka) [STAIN Cirebon]. -- https://repository.syekhnurjati.ac.id/2442/1/Ridwan F-min.pdf.
Unstructured Citation
Florence, N., & Nathan, S. (2020). The effect of commercial banks’ agricultural credit on agricultural growth in Uganda. African Journal of Economic Review, 8(1), 162-175. -- www.ajol.info/index.php/ajer/article/view/192203.
Unstructured Citation
Gamarra, E. (2009). Predictive Analysis: the Delphi Method.
Unstructured Citation
Hasan, M., & Dridi, J. (2010). Islamic banks were more resilient than conventional banks during the global financial crisis. Finance & Development, 47(4). -- www.imf.org/external/pubs/ft/fandd/2010/12/pdf/fd1210.pdf.
Unstructured Citation
Hiebert, P. (2022). A case for climate-related macroprudential policy. VOXEU - The Center for Economic Policy Research.
Unstructured Citation
ILO (2021). ILO’s Virtual Academy to promote decent work in rural economy. International Labour Organization.
Unstructured Citation
IMF (2011). The Multilateral Aspects of Policies Affecting Capital Flows. Policy Papers.
https://doi.org/10.5089/9781498338394.007
Unstructured Citation
IPCC (2022). Climate Change 2022: Impacts, Adaptation and Vulnerability. International Panel on Climate Change (IPCC).
https://doi.org/10.1017/9781009325844
Unstructured Citation
Maulana, M. (2020). Model Transaksi Ekonomi Kontemporer dalam Islam. In Dinas Syariat Islam Aceh. Dinas Syariat Islam Aceh. -- https://repository.ar-raniry.ac.id/id/eprint/24244/1/3. Buku_Model Transaksi Ekonomi.pdf.
Unstructured Citation
Mohamed, K. M. A., Mouhoubi, A., & Kandi, N. (2021). Analytical study of financing policies for the agricultural sector in Sudan (1998-2018). AJOL: African Journal Online, 37(2), 239-275.
Unstructured Citation
Okore, O. A., & Nwadiubu, A. O. (2022). Agricultural Financing and Agricultural Output in Nigeria. Journal of Accounting and Financial Management, 8(3), 31-42. -- www.iiardjournals.org/get/JAFM/VOL.8NO.32022/AGRICULTURALFINANCING AND AGRICULTURAL.pdf.
Unstructured Citation
Retnawati, H., Apino, E., Kartianom, Djidu, H., & Anazifa, R. D. (2018). Pengantar Analisis Meta (E. Apino (Ed.); 1st ed.). Parama Publishing.
Unstructured Citation
Sakti, A., Husodo, Z. A., & Viverita, V. (2019). The Orientation of Microfinance Regarding Group-Lending Strategy: Delphi and Analytic Network Process Evidence. Pertanika Journal of Social Sciences and Humanities, 27(S2), 197-212. -- www.pertanika.upm.edu.my/resources/files/PertanikaPAPERS/JSSHVol.27(S2)2019/13 JSSH(S)-1076-2019.pdf.
Unstructured Citation
Sakti, A., Viverita, & Husodo, Z. A. (2021). The Islamic microfinance orientation: an evidence of ANP model. International Journal of Islamic Microfinance, 1(1), 1-16. -- https://scholar.ui.ac.id/ws/portalfiles/portal/66678110/IJIMF Sakti dkk 1final.docx.
Unstructured Citation
Sarker, N. I. (2016). Role of Banks on Agricultural Development in Bangladesh. International Journal of Ecology and Development Research, 1(1), 10-15. -- www.researchgate.net/publication/305181420_Role_of_Banks_on_Agricultural_Development_in_Bangladesh.
Unstructured Citation
Schmidt, F. L. (1984). Meta-analysis: Implications for cumulative knowledge in the behavioral and social sciences. 92nd Annual Convention of the American Psychological Association, 1-14. -- https://files.eric.ed.gov/fulltext/ED251722.pdf.
Unstructured Citation
Sen, K. (2021). Why should I care about economic growth?. United Nations. -- www. wider.unu.edu/publication/why-should-i-care-about-economic-growth.
Unstructured Citation
State Bank of Pakistan (2021). State Bank of Pakistan : SBP’s Priority Area. State Bank of Pakistan.
https://doi.org/10.1596/35501
Unstructured Citation
Wahyudi, R., Pambudi, D., & Adha, M. (2019). Islamic Banking Microprudential and Macroprudential Policy: Evidence Indonesian
Islamic Banking. Proceedings of the 2019 Ahmad Dahlan International Conference Series on Education & Learning, Social Science
& Humanities (ADICS-ELSSH 2019). --
https://doi.org/10.2991/adics-elssh-19.2019.22.
Unstructured Citation
Yunusa, L. A., & Ariyibi, M. E. (2022). Capital inflow, exchange rate and agricultural output: Evidence from Sub-Saharan African region. London Journal of Research in Management and Business, 22(6), 55-68. -- https://journalspress.com/LJRMB_Volume22/Capital-Inflow-Exchange-Rate-and-Agricultural-Output-Evidence-from-Sub-Saharan-African-Region.pdf.