This research is intended to analyze the effect of money supply, real income and interest rate in Indonesia and in the United States on the determination of the exchange rate. In addition, this study also wishes to determine appropriate model of exchange rate in Indonesia.
The Economic Journal of Emerging Markets (EJEM) is a peer-reviewed journal which provides a forum for scientific works pertaining to emerging market economies. Published every April and October, this journal welcomes original research papers on all aspects of economic development issues. The journal ...