Do Indonesian Islamic Microfinance Institutions Need Lender of the Last Resort?

Liquidity risk is one of significant risk managed by financial intermediaries including Islamic Microfinance Institutions (IMFIs). The financial intermediaries accept short-term deposits and disburse these deposits in the form of long-term loans. This situation makes IMFI desperately need a lender o...

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Bibliographic Details
Main Authors: Imron Mawardi, Tika Widiastuti, Muhammad Ubaidillah Al Mustofa, Ari Prasetyo
Format: Article
Language:Indonesian
Published: Universitas Negeri Surabaya 2020-07-01
Series:al-Uqud: Journal of Islamic Economics
Subjects:
Online Access:https://journal.unesa.ac.id/index.php/jie/article/view/8569