CATASTROPHE BOND SEBAGAI INSTRUMEN PEMBIAYAAN PEMERINTAH DALAM PENANGGULANGAN BENCANA ALAM DI INDONESIA
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Dec 26, 2019
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Abstract
Seringnya terjadi bencana alam di Indonesia membuat pemerintah membutuhkan biaya yang tidak sedikit saat penanggulangan. Agar tidak sepenuhnya membebani anggaran, pemerintah membutuhkan sumber pendanaan baru. Penelitian ini bertujuan untuk menganalisis rencana penerbitan catastrophe bond sebagai instrumen pembiayaan pemerintah untuk penanggulangan bencana alam. Penelitian ini menggunakan metode kualitatif dengan berfokus pada telaah pustaka. Hasil penelitian menunjukkan bahwa catastrophe bond dapat dijadikan sebagai instrumen pembiayaan pemerintah dalam penanggulangan bencana alam di Indonesia. Namun demikian, implementasi rencana penerbitan catastrophe bond tersebut masih membutuhkan payung hukum yang secara eksplisit mengatur tata cara pelaksanaanya. Selain itu, pemerintah perlu melakukan kajian yang mendalam untuk menetapkan lembaga penerbit catastrophe bond serta membuat payung hukumnya.
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Arham, A., & Firmansyah, A. (2019). CATASTROPHE BOND SEBAGAI INSTRUMEN PEMBIAYAAN PEMERINTAH DALAM PENANGGULANGAN BENCANA ALAM DI INDONESIA. Indonesian Treasury Review: Jurnal Perbendaharaan, Keuangan Negara Dan Kebijakan Publik, 4(4), 339-349. https://doi.org/https://doi.org/10.33105/itrev.v4i4.145
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https://www.beritasatu.com/investor/517168-manajemen-risiko-melalui-catastrophe-bond.html diakses pada tanggal 12 Juni 2019.
https://www.gfdrr.org/gfdrr/DRFI diakses pada tanggal 14 September 2019.
https://www.merdeka.com/uang/penerbitan-obligasi-bencana-alam-dibahas-di-pertemuan-tahunan-imf-world-bank.html diakses pada tanggal 12 Juni 2019.
Carayannopoulos, P. & Perez, M. F. (2015). Diversification through Catastrophe bonds: Lessons from the Subprime Financial Crisis. The Geneva Papers, 40, 1-28.
Carolina, M. (2018). Kelemahan-Kelemahan Penanggulangan Bencana Alam di Indonesia. Buletin APBN, 3 (18), 3-8.
Cox, S. H. & Pedersen, H. W. (2000). Catastrophe Risk Bonds. North American Actuarial, 4 (4), 56-82.
Cummins, J. D. (2008). Cat Bonds and Other Risk-Linked Securities State of the Market and Recent Development. Risk Management and Insurance Review, 11 (1), 23-47.
DiMaggio, P. J. & Powell, W. W. (1983). The Iron Cage Revisited: Institutional Isomorphism and Collective Rationality in Organizational Fields. American Sociological Review, 48, 147-160.
Frumklin, P. & Galaskiewicz, J. (2004). Institutional Isomorphism and Public Sector Organizations. Journal of Public Administration and Theory, 14 (3), 283-307.
Gunardi & Setiawan, E. P. (2015). Valuation of Indonesian Catastrophic Earthquake Bonds with Generalized Extreme Value (GEV) Distribution and Cox-Ingersoll-Ross (CIR) Interest Rate Model. AIP Conference Proceedings 1692, 020024.
Hardle, W. & Cabrera, B. L. (2007). Calibrating CAT Bonds for Mexican Earthquakes. SFB 649 Discussion Paper, 2007-037.
Laster, D. S. (2001). Capital Market Innovation in the Insurance Industry Sigma (Swiss Reinsurance Company).
Mattuci, L. (2016). The Use of Catastrophe Bonds as a Means of Economic Development in Emerging Economies. Honors Theses and Capstones, 318.
Meyer, J. W. & Rowan, B. (1977). Institutionalized organizations: Formal Structure as Myth and Ceremony. American Journal of Sociology, 83, 340.
Michel-Kerjan, E. O. (2011). Catastrophe Financing for Governments: Learning from the 2009-2012 Multicat Program in Mexico.
Scott, W. R. & Meyer, J. W. (1994). Institutional Environments and Organizations: Structural Complexity and Individualism, Edited by: Scott, W. R. & Meyer, J. W. Thousand Oaks, CA: Sage.
Scott, W. R. (2001). Institutions and Organizations (Second Edition). Thousand Oaks, CA: Sage.
Scott, W. R. (2008). Approaching Adulthood: The Maturing of Institutional Theory. Theory and Society, 37 (5), 427-442.
Shang, Q., Qin, X., & Wang, Y. (2009). Design of Catastrophe Mortality Bonds Based on the Comonotonicity Theory and Jump-Diffusion Process. International Journal of Innovative Computing, Information, and Control, 5 (4), 991-1000.
Skelley, B. D. (2000). Radical Institutionalism and Public Administration: A Review of Nil’s Brunsson’s Contributions to Understanding Public Sector Organizations. Public Administration & Management: An Intercative Journal, 5 (3), 112-122.
Strauss, A. & Corbin, J. (1989). Basics of Qualitative Research: Grounded Theory Procedures and Techniques. St. Louis: Mosby.
Peraturan Pemerintah Nomor 22 Tahun 2008 tentang Pendanaan dan Pengelolaan Bantuan Bencana.
Peraturan Presiden Nomor 28 Tahun 2015 tentang Kementerian Keuangan.
Pollner, J. D. (2001). Managing Catastrophic Disaster Risks Using Alternative Risk Financing and Pooled Insurance Structures. World Bank Technical Paper, 495.
Undang-Undang Nomor 17 Tahun 2003 tentang Keuangan Negara.
Undang-Undang Nomor 24 Tahun 2002 tentang Surat Utang Negara.
Undang-Undang Nomor 24 Tahun 2007 tentang Penanggulangan Bencana.
https://fiskal.kemenkeu.go.id/dw-konten-view.asp?id=20190405055846874640008 diakses pada tanggal 12 Juni 2019.
http://harian.analisadaily.com/opini/news/pembiayaan-risiko-bencana alam/651081/2018/11/19 diakses pada tanggal 12 Juni 2019.
https://treasury.worldbank.org diakses pada tanggal 14 September 2019.
https://worldbank.org diakses pada tanggal 14 September 2019.
https://www.beritasatu.com/investor/517168-manajemen-risiko-melalui-catastrophe-bond.html diakses pada tanggal 12 Juni 2019.
https://www.gfdrr.org/gfdrr/DRFI diakses pada tanggal 14 September 2019.
https://www.merdeka.com/uang/penerbitan-obligasi-bencana-alam-dibahas-di-pertemuan-tahunan-imf-world-bank.html diakses pada tanggal 12 Juni 2019.