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The stability and factor that affect the demand for money in a globalized money market : the case of Indonesia (1990Q1-2008Q4)
The objective of this thesis is to estimate the factors that affects the demand for real narrow (M1) and broad (M2) money in an open economy (Indonesia 1990Q1- 2008Q4) using the autoregressive distributed lag (ARDL) approach to cointegration analysis and uses the CUSUM and CUSUMSQ to see the stability of the demand for real money model. For narrow money demand, the empirical result shows that there is a cointegration and a stable long run relationship among real M1, real GDP, SBI. And also for broad money demand there is a cointegration and a stable long run relationship among real M2, real GDP, SBI, Deposit rates, inflation, and LIBOR. We found that the real GDP, Deposit rates and Libor elasticity is positively related to real money demand, while SBI and Inflation has a negative effect on real money demand. All of our variables are statistically significant at the critical level of 10% except SBI.Ada tabel
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| 6718 | PSB lt.2 - Karya Akhir | 1 |
| Penerbit | Depok Departemen Ilmu Ekonomi, Fakultas Ekonomi Universitas Indonesia., 2009 |
|---|---|
| Edisi | - |
| Subjek | Monetary economics Money demand Economic stability Cointegration |
| ISBN/ISSN | - |
| Klasifikasi | - |
| Deskripsi Fisik | x, 86 p. : diagr., il ; 30 cm & lamp |
| Info Detail Spesifik | - |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas | Tidak Ada Data |