ANALISIS DETERMINAN KURS DI ASEAN 5 Periode 1969-2012

• Main Authors: , RURIANA NAFILAH ANGGRAINI, , Prof. Tri Widodo, M.Ec.Dev., Ph.D.
• Format: Theses and Dissertations NonPeerReviewed
• Published: [Yogyakarta] : Universitas Gadjah Mada 2014
• Subjects: ETD
• Online Access: https://repository.ugm.ac.id/127511/; http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=67769
• Institution: Universitas Gadjah Mada

This study aimed to analyze monetary factors that affect exchange rate volatility in Indonesia, Malaysia, Filipina, Singapore and Thailand during 1969-2012. This study used monetary approach to identify monetary variables that affect exchange rate such as ratio of domestic to foreign money supply, ratio of domestic to foreign consumer price indices and ratio of domestic to foreign real GDP. This study use model as used by Meese and Rogoff (1989) with panel data methods. The study result identifies that ratio of domestic to foreign money supply and ratio of domestic to foreign consumer price indices have negative and significant impact on exchange rate (exchange rate depreciate). Meanwhile, ratio of domestic to foreign real gross domestic product has a negative and significant impact on exchange rate (exchange rate appreciate).