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  • SriYaniK MonetaryApproachToExRate

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    Rahmat Fadlan
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    The document summarizes a research study that aimed to determine the factors influencing the exchange rate of the Indonesian Rupiah against the US Dollar using the monetary approach to exchange rates theory. The model found that the Rupiah/Dollar exchange rate in Indonesia is influenced by the money supplies of Indonesia and the US, the difference in interest rates between Indonesia and the US, and Indonesia's devaluation or depreciation policies. National income was found to not have a significant effect. When restricting the model to the assumptions of the monetary approach theory, all regression coefficients were found to be consistent in both the short-run and long-run.

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    The document summarizes a research study that aimed to determine the factors influencing the exchange rate of the Indonesian Rupiah against the US Dollar using the monetary approach to exchange rates theory. The model found that the Rupiah/Dollar exchange rate in Indonesia is influenced by the money supplies of Indonesia and the US, the difference in interest rates between Indonesia and the US, and Indonesia's devaluation or depreciation policies. National income was found to not have a significant effect. When restricting the model to the assumptions of the monetary approach theory, all regression coefficients were found to be consistent in both the short-run and long-run.

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    17 views1 page

    SriYaniK MonetaryApproachToExRate

    Uploaded by

    Rahmat Fadlan
    The document summarizes a research study that aimed to determine the factors influencing the exchange rate of the Indonesian Rupiah against the US Dollar using the monetary approach to exchange rates theory. The model found that the Rupiah/Dollar exchange rate in Indonesia is influenced by the money supplies of Indonesia and the US, the difference in interest rates between Indonesia and the US, and Indonesia's devaluation or depreciation policies. National income was found to not have a significant effect. When restricting the model to the assumptions of the monetary approach theory, all regression coefficients were found to be consistent in both the short-run and long-run.

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    Pendekatan Moneter Dalam Penentuan Nilai Tukar Rupiah Terhadap Dolar Amerika

    (Monetary Approach To Exchange Rate)


    Sri Yani Kusumastuti Fakultas Ekonomi, Univerasitas Trisakti Abstract The objective of this research is want to know the determine factors of exchange rates (Rp/US) in Indonesia. The model used partial adjustment model (pAM) that developed from monetary approach to exchange rate theory (MAER). The result showed that Indonesia's exchange rate influenced by money supply of Indonesia and US; the differences of interest rate in Indonesia and US; and devaluation policy or rupiah depreciation policy The national income have not significance effect. In the restriction model of MAER, showed that all of coefficient of regression were consistent in the short run and the long run. Key Word: exchange rate (RpfUS), PAM, MAER, restriction.

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