Jurnal Kajian Ekonomi
Vol 1, No 2 (2013)

ANALISIS KURS DAN MONEY SUPPLY DI INDONESIA

Oktavia, Adek Laksmi (Unknown)
Sentosa, Sri Ulfa (Unknown)
Aimon, Hasdi (Unknown)



Article Info

Publish Date
24 Feb 2013

Abstract

ABSTRACT This  article focused on  analyze (1) Effect of the money supply, income, domestic interest rates, inflation and the trade balance to the exchange rate in Indonesia. (2) The influence of domestic interest rates, output and  the exchange rate on the money supply in Indonesia. Data used time series of (I year kuartal 2000 – IV year kuartal 2010). This article use analyzer model equation of simultaneous with method of Two Stage Least Squared (TSLS). The result of research concludes that (1) the money supply have a significant and positive impact on the exchange rate, incomes have significant and positive impact on the exchange rate, domestic interest rates significantly and negatively on the exchange rate and inflation have a significant and positive impact on the exchange rate. While the trade balance is not significant and negative effect on the exchange rate in Indonesia. If the money supply increases, the exchange rate will also increase or depreciate. If income increases, the exchange rate will depreciate. If the domestic  interest rate increases, the exchange rate will appreciate. If inflation increases, the exchange rate will also depreciate. (2) domestic interest rates, output,  and the exchange rate significantly influence the money supply in Indonesia. Keywords : Income, Domestic Interest Rates, Inflation, Trade Balance, Output, Exchange Rate and Money Supply

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