Article Per Year (5 Year)
p-Index From 2021 - 2026
1.739
P-Index
This Author published in this journals
All Journal Jurnal Ilmiah Ekonomi Islam International Journal of Social Science, Educational, Economics, Agriculture Research, and Technology (IJSET) Edusoshum: Jurnal Pendidikan Islam dan Sosial Humaniora Journal of Mathematics Instruction, Social Research and Opinion Kasta: Jurnal Ilmu Sosial, Agama, Budaya dan Terapan KENDALI: Economics and Social Humanities Iltizam : Jurnal Ekonomi dan Keuangan Islam EduBase: Journal of Basic Education Al-Mustashfa: Jurnal Penelitian Hukum Ekonomi Syariah
Abdul Aziz
Universitas Islam Negeri Siber Syekh Nurjati Cirebon
Religion Agriculture, Biological Sciences & Forestry Humanities Computer Science & IT Economics, Econometrics & Finance Education Industrial & Manufacturing Engineering Languange, Linguistic, Communication & Media Mathematics Social Sciences

Published : 12 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
THE EFFECT OF EXCHANGE RATES AND INFLATION ON THE MONEY SUPPLY IN INDONESIA: AN AUTOREGRESSIVE DISTRIBUTED LAG (ARDL) APPROACH Misbachudin; Fakhri Ahmad Zainunnuri; Neng Ulpa Apipah; Syaeful Bakhri; Abdul Aziz
International Journal of Social Science, Educational, Economics, Agriculture Research and Technology (IJSET) Vol. 5 No. 7 (2026): JUNE
Publisher : RADJA PUBLIKA

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This study aims to analyze the effects of inflation and exchange rates on the money supply in Indonesia and to identify the short-term and long-term relationships among these variables. A country’s economic stability is inextricably linked to the dynamics of inflation, exchange rates, and the money supply, which are interrelated within the economic system. This study employs a quantitative approach using secondary data obtained from Bank Indonesia and the Central Statistics Agency (BPS) for the period 2020-2024. The analysis method used is the Autoregressive Distributed Lag (ARDL) model, as it is capable of estimating both short-term and long-term relationships simultaneously within a single model. The results indicate a long-term relationship among inflation, exchange rates, and the money supply. Partially, the exchange rate has a positive and significant effect on the money supply in Indonesia. This suggests that changes in the exchange rate particularly when the rupiah depreciates can drive increased liquidity in the economy through monetary policy mechanisms and international trade activities. Meanwhile, inflation does not have a significant effect on the money supply in the short term. This indicates that changes in inflation during the study period did not directly influence money supply policy due to the inflation control policies implemented by Bank Indonesia. Thus, exchange rate stability is a critical factor that must be considered in maintaining monetary equilibrium and national economic stability. Keywords: Exchange Rate, Inflation, Money Supply, Monetary Policy, ARDL
Co-Authors Abdul Rohman Achmad Faozan Anton Bawono Aris Budiman Candri Candri Dewi fatmasari Enjang Ryan Firmansyah Fakhri Ahmad Zainunnuri Farid Al Rizky Febri Delmi Yetti Hikam Muhtadi Zuhdi Idzan Ihdil Mar’i Khofifah Nuraniyah Layaman Misbachudin Mohammad Hamdan Nurhadi Mubarok Fatahillah Mutadi Mutadi Naufal Luthfi Alifa Neng Ulpa Apipah Nur Ela R. Ilfan Muhammad Abdurrasyid Rifqotul Maula Rochanda Wiradinata Sigit Nurhendi Sri Rokhlina Sari Sri Rokhlinasari Syaeful Bakhri Ulfain Umamah Mumtazah Askhiyah Wartoyo Wartoyo Yogi Saepul Anwar