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These paper analyze the influence of the international reserves and the financial deepening on the real exchange rate stabilization due to the term of trade shock. The analysis covers 6 countries with quarterly data (Indonesia, United States, Japan, Hong Kong, Singapore and South Korea during the period of 2000. 1 to 2006.4). This research utilizes the International revers mitigation and the financial deepening mitigation model. The results shows that the reserves mitigation terms variable plays important role as the real exchange rate stabilization regarding the terms of trade shock in a common sample, but not in specific country. The mitigation effect associated with international reserves (buffer stock effect) applies only in South Korea. While for United State and Indonesia mitigation effect associated with international reserves opposite way. even Hong Kong, Japan and Singapore, the mitigation effect does not have significant induces real exchange rate stability..Printed Journal
| Call Number | Location | Available |
|---|---|---|
| BEMP1102 | PSB lt.dasar - Pascasarjana | 2 |
| Penerbit | Jakarta: Bank Indonesia, Direktorat Riset Ekonomi dan Kebijakan Moneter 2008 |
|---|---|
| Edisi | Vol. 11, No. 2, Oct., 2008 |
| Subjek | Real Exchange Rate Financial Deepening Shock absorber Terms of trade shock international reverse buffer stock |
| ISBN/ISSN | 14108046 |
| Klasifikasi | NONE |
| Deskripsi Fisik | 34 p. |
| Info Detail Spesifik | Buletin Ekonomi Moneter dan Perbankan |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas |