Image of Analisis efisiensi pasar valuta asing : studi empiris pada pasar valuta asing Indonesia periode 2000-2012

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Analisis efisiensi pasar valuta asing : studi empiris pada pasar valuta asing Indonesia periode 2000-2012

This study sought to assess the efficiency of Indonesia's foreign exchange market after the reform of its exchange rate regime to a floating exchange rate. Data exchange rates used for this paper is the rupiah (IDR) against the U.S. dollar (USD), the rupiah against the Japanese yen (JPY), and the rupiah against the South Korean won (KRW) from January 2000 to November 2012, where Indonesia on August 14, 1997 to change its exchange rate regime which was originally a regime of managed floating regime became free floating regime. This study examined the efficiency of the foreign exchange market is weak form (weak form), by using the Unit Root Test, and regression to the Efficient Market Hypothesis approach. In addition, this study also attempted to examine the use of interest rate parity approach either open or closed. The result shows that the Indonesian foreign exchange market has been weak form efficient. However, if the review with interest rate parity approach, Indonesia's foreign exchange market has not been efficient.Ada tabel

Ketersediaan

Call NumberLocationAvailable
8494PSB lt.2 - Karya Akhir1
Penerbit Depok Program Studi Ilmu Ekonomi, Fakultas Ekonomi Universitas Indonesia.,
Edisi -
Subjek Efficiency
Exchange rate
Foreign exchange market
Market hypothesis
Free floating regime
ISBN/ISSN -
Klasifikasi -
Deskripsi Fisik xiii, 75 p. : diagr. ; 30 cm.
Info Detail Spesifik -
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