Foreign Exchange Intervention: Has It Been Effective in Indonesia?

• Main Authors: Rakhmat, -, Perry Warjiyo, -, Rossanto Dwi Handoyo, -
• Format: Article PeerReviewed
• Language: English; Indonesian; English; Indonesian
• Published: Science and Engineering Research Support Society 2020
• Subjects: H Social Sciences; HG3810-4000 Foreign exchange. International finance. International monetary system
• Online Access: https://repository.unair.ac.id/117641/1/17-Artikel_RossantoDH_Foreign-Exchange.pdf; https://repository.unair.ac.id/117641/2/17-PeerReview_RossantoDH.pdf; https://repository.unair.ac.id/117641/3/17-Similarity_RossantoDH_Foreign-Exchange.pdf; https://repository.unair.ac.id/117641/6/RossantoDH_KesesuaianBidangIlmu-17.pdf; https://repository.unair.ac.id/117641/; http://sersc.org/journals/index.php/IJAST/article/view/7006

We assess the motive and effectiveness of foreign exchange intervention in stabilizing exchange rate in Indonesia. High volatility of exchange rate and capital flows since the global crises have forced central banks to complement its interest rate response with foreign exchange intervention in manag...