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All Journal Jurnal Online Mahasiswa (JOM) Bidang Ilmu Sosial dan Ilmu Politik Jurnal Hukum dan Pendidikan Kewarganegaraan
Karlos Dominggo Hutagalung
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Law, Crime, Criminology & Criminal Justice Social Sciences

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MOTIVASI SWISS MENCABUT PAGU NILAI MATA UANG FRANC TERHADAP EURO 2015 Karlos Dominggo Hutagalung; Irwan Iskandar
Jurnal Online Mahasiswa (JOM) Bidang Ilmu Sosial dan Ilmu Politik Vol. 5: Edisi I Januari - Juni 2018
Publisher : Fakultas Ilmu Sosial dan Ilmu Politik Universitas Riau

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Abstract

After the crisis hit Europe in 2009, there was a massive Euro capital movement to Swiss causing the overvaluation of the Franc against the Euro which threatened the Swiss economic growth, because Swiss is an exporter country. To save the economy of Swiss, Swiss National Bank announced to set minimum exchange rate at CHF 1.20 per euro in 2011. The policy was successfully boosting the economic growth rate, and preventing the threat to the Swiss export sector from 2011-2014, but without any domestic financial crisis and prior notice, on 15 January 2015, Swiss announced to unpeg the Euro and deliberately weakened its economic growth projection from 1,8% to 0,5% in 2015. This policy was taken after swiss announced its commitment to keep the peg on December 2014 media news conference of Swiss National Bank. So the question arises about why the Swiss unpegged the Franc currency against the Euro in 2015.This research is using liberalism perspective, Liberals believe that states can work together mutually benefited and all the policies they made ultimately to ascertain free trade can work properly. The author used price specie flow mechanism theory by David Hume with the level of the nation-state analysis. This theory emphasize that the goal of monetary policy is the economic balance and stability. This research applying qualitative methods and library research, with the sources are from books, journals, official publications, articles, news, and internet.This research shows that Swiss unpegged the Franc-Euro currency to prevent the risk of domestic economic instability due to the failure of the European Union to overcome the Euro crisis. In the ongoing situation of the European economic crisis and the pegging policy creating an economic bubble that could be ruptured as triggered by hyperinflation.Keyword: Peg, Monetary Policy , Currency, Overvaluation, Economic Growth
Sengketa Perdagangan Dan Hukum Lingkungan: Dampak Kebijakan Energi Hijau Terhadap Negara Berkembang (Studi Kasus Gugatan UNI Eropa Di WTO Akibat Larangan Ekspor Biji Nikel Oleh Indonesia) Karlos Dominggo Hutagalung; Kezia Kurnia; Madani Agung Geganesywara
Jurnal Kajian Hukum dan Pendidikan Kewarganegaraan Vol. 1 No. 3 (2025): April - Juni
Publisher : GLOBAL SCIENTS PUBLISHER

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This paper explores the trade dispute between Indonesia and the European Union at the WTO, triggered by Indonesia’s decision to ban raw nickel ore exports. The policy forms part of a broader national downstreaming strategy aimed at strengthening domestic industrialization and supporting the global shift towards green energy. However, the European Union considers the measure a trade barrier that breaches liberalization principles under GATT 1994. Using a normative legal approach, this study examines relevant international trade and environmental laws, as well as Indonesia’s domestic regulations. The analysis reveals a persistent tension between developing countries’ sovereign rights to manage their natural resources and the global pressure to comply with free trade norms. The dispute highlights the need for international trade law to evolve and better accommodate the sustainable development priorities of developing economies.
Co-Authors Irwan Iskandar Kezia Kurnia Madani Agung Geganesywara