Includes bibliographies, index and tables
The problems of exchange rate misalignments and the resulting payments imbalances have plagued the world economy for decades. At the Louvre Accord of 1987, the Group of Five industrial countries adopted a system of reference ranges for exchange rate management, influenced by proposals of C. Fred Bergstan and John Williamson for a target zone system. The reference range approach has, however, be…
Sebagai salah satu eksportir komoditas batubara terbesar di dunia, lonjakan harga batubara menjadi fenomena yang perlu diantisipasi dalam kaitan dengan pengaruhnya terhadap nilai tukar riil rupiah. Penelitian ini menganalisis pengaruh perubahan harga dunia komoditas batubara terhadap nilai tukar riil rupiah dan transmisinya melalui dua channel yaitu nilai tukar nominal dan variabel di sektor mo…
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 fi…
this study conserns about how much economics factors have impact in real excahnge rate equilibrium and how much exchange rate of real exchange rate equilibrium before and during the crisis..BACA DITEMPAT
Studi ini menganalisis pengaruh dari perubahan nilai tukar riil terhadap investasi korporasi di lima negara ASEAN (ASEAN5), yaitu Indonesia, Malaysia, Filipina, Singapura, dan Thailand periode 1991-2014. Estimasi model dinamis dari panel data 870 korporasi manufaktur dengan data kuartalan (2001q1-2014q4) dan 968 korporasi manufaktur dengan data tahunan (1991-2013), mendukung sebagian hipotesis …
Studi ini bertujuan untuk menganalisis dampak shock pertumbuhan ekonomi China terhadap perekonomian Ethiopia. Variabel makroekonomi Ethiopia yang dianalisis meliputi pertumbuhan ekonomi, suku bunga riil dan nilai tukar riil. Dalam studi ini, shock pertumbuhan ekonomi China dianalisis melalui indeks harga global komoditas food and beverage. Dengan mengadaptasi model SVAR dengan block exogeneity …
These papers analyze the influence of the international reserves and the financial deepening on the real exchange rate stabilization due to the terms 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 reserves mitigation and the…
This paper analyses the equilibrium price of the Indonesian Rupiah using the Synthetic Control Method (SCM) and assesses its misalignments. We find evidence of Rupiah misalignment, as the currency was undervalued for most periods, except for 1993- 1996. This finding is robust across model specifications, predictors, and weighting. Our finding implies that keeping the exchange rate at its equili…
This study examines the relationship between trade openness and exchange rate volatility. We use panel data of 52 countries and document trade openness has a negative and statistically significant effect on exchange rate volatility. The second explanatory variable considered in the model is money supply shock which is found to have a positive and statistically significant effect on exchange rat…
We assess the robust macro determinants of the real exchange rate in Mauritius under model uncertainty by utilizing Bayesian Model Averaging (BMA). We introduce a broader range of potential macro determinants of the real exchange rate in Mauritius. Then we tackle the issue of model uncertainty when identifying these macro determinants of the real exchange rate by exploring the impact of differe…
Ada tabel
Exchange rate is an essential component in a country?s economy. Exchange rate tends to obtain its equilibrium that determined by supply and demand interaction so it becomes an important to reach. The behavior of equilibrium exchange rate in every exchange rate regimes are different to another. Hence, there is a need to estimate equilibrium exchange rate that include fundamental variables in eco…
Dengan menggunakan metode ARDL bounds testing yang dikemukakan oleh Pesaran (2001), tesis ini ingin mempelajari pengaruh dari volatilitas Nilai tukar terhadap performa ekspor Indonesia ke Tiongkok dan Singapura yang merupakan pasar ekspor Indonesia terbesar pertama dan kelima. Dengan menggunakan fungsi permintaan ekspor yang dipergunakan di kajian Doganlar (2002), tesis ini menggunakan metode A…