Article Per Year (5 Year)
p-Index From 2021 - 2026
0.92
P-Index
This Author published in this journals
All Journal Kinerja JEJAK MODUS-Jurnal Ekonomi dan Bisnis Jurnal Atma Inovasia
Rogatianus Maryatmo, Rogatianus
Universitas Atma Jaya Yogyakarta
Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Environmental Science Social Sciences Other

Published : 7 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 2 Documents
Search
Journal : Kinerja

 1 
The Role of Expectations on Exchange Rate Determination in Indonesia Maryatmo, Rogatianus
KINERJA Vol. 27 No. 1 (2023): KINERJA
Publisher : Faculty of Business and Economics Universitas Atma Jaya Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24002/kinerja.v27i1.6926

Abstract

There are two purposes of this paper. Firstly, it deals with expectation formation. Secondly, it will be tested whether the expectation has a significant role in determining the current exchange rate in the case of Indonesian currency against the US dollar and Euro. This research will compare two kinds of expectation formation. Firstly, the expectation built from the fundamental economy is known as rational expectation formation. Secondly, the expectation formulated from past time series information, the Auto Regressive Moving Average (ARMA) model, is utilized. The steps to prove the role of expectation are stationary process, degree of integration, co-integration, and U-Theil's Inequality Coefficient Test (UTIC). It is found that both kinds of expectation formation have essential roles in determining the current exchange rate in Indonesia. However, according to UTIC criteria, a rational expectation better explains both current exchange rate movements.
The Role of Expectations on Exchange Rate Determination in Indonesia Maryatmo, Rogatianus
KINERJA Vol. 27 No. 1 (2023): KINERJA
Publisher : Faculty of Business and Economics Universitas Atma Jaya Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24002/kinerja.v27i1.6926

Abstract

There are two purposes of this paper. Firstly, it deals with expectation formation. Secondly, it will be tested whether the expectation has a significant role in determining the current exchange rate in the case of Indonesian currency against the US dollar and Euro. This research will compare two kinds of expectation formation. Firstly, the expectation built from the fundamental economy is known as rational expectation formation. Secondly, the expectation formulated from past time series information, the Auto Regressive Moving Average (ARMA) model, is utilized. The steps to prove the role of expectation are stationary process, degree of integration, co-integration, and U-Theil's Inequality Coefficient Test (UTIC). It is found that both kinds of expectation formation have essential roles in determining the current exchange rate in Indonesia. However, according to UTIC criteria, a rational expectation better explains both current exchange rate movements.
Co-Authors Pamenta, Devi Victoria