Analysis of The Impact of Law Number 4 of 2023 on The Stability of The Financial and Economic System Using The Analytic Network Process (ANP) Approach
Lina Nugraha Rani (a*), Ahmad Fadlur Rahman Bayuny (b), Eko Kurniawan (c)

a, b, c) Islamic Economics Department, Faculty of Economics and Business, Airlangga University
*linanugraha[at]feb.unair.ac.id

Abstract

The implementation of Law number 4 of 2023 plays a vital role in maintaining Financial Stability and fostering Economic Growth. The financial institutions most affected by the law are Insurance and Banking. This research aims to observe the highest contributing factors in the ANP-BOCR approach. From the perspective of the Benefit aspect, the banking sector scores the highest. In the Opportunity and Cost aspects, Financial System Stability ranks the highest, while in the Risk aspect, the insurance sector holds the highest score.

Keywords: ANP-BOCR, Banking, Insurance, Economy, Financial System Stability

Topic: Islamic finance and banking