KEBIJAKAN INFLATION TARGETING: ANTISIPASI KRISIS NILAI TUKAR

This paper examines workability of inflation targeting policy after one year and half of its application in Indonesia, based on a method of descriptive analysis using macro-prudential indicators. In addition, non-parametric approach to earlier warning system of monitoring Rupiah stability against th...

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Autor principal:	Muhammad Handry Imansyah
Formato:	article
Lenguaje:	EN
Publicado:	Universitas Muhammadiyah Yogyakarta 2007
Materias:	inflation targeting monetary policy capital flow Economic theory. Demography HB1-3840
Acceso en línea:	https://doaj.org/article/3543feb23fca485191516f72e14584c1
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id	oai:doaj.org-article:3543feb23fca485191516f72e14584c1
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spelling	oai:doaj.org-article:3543feb23fca485191516f72e14584c12021-12-02T11:21:29ZKEBIJAKAN INFLATION TARGETING: ANTISIPASI KRISIS NILAI TUKAR1411-99002541-5506https://doaj.org/article/3543feb23fca485191516f72e14584c12007-10-01T00:00:00Zhttps://journal.umy.ac.id/index.php/esp/article/view/1518https://doaj.org/toc/1411-9900https://doaj.org/toc/2541-5506This paper examines workability of inflation targeting policy after one year and half of its application in Indonesia, based on a method of descriptive analysis using macro-prudential indicators. In addition, non-parametric approach to earlier warning system of monitoring Rupiah stability against the US Dollar is also employed as a comparison. These two macro-prudential and non-parametric approaches may predict the probability of weakening the Indonesian currency against USD. The results show unsatisfaction of the inflation targeting policy as a stabilizing instrument to control both inflation and rupiah movement against USD. This happens due to unsatisfaction of some prerequisites for conducting the policy, such as remaining weaknesses of financial institutions as indicated by the weakness of government regulation and control, significant off-shore loan or foreign debt and risky sudden stops from capital inflows (external domination).Muhammad Handry ImansyahUniversitas Muhammadiyah Yogyakartaarticleinflation targetingmonetary policycapital flowEconomic theory. DemographyHB1-3840ENJurnal Ekonomi & Studi Pembangunan, Vol 8, Iss 2, Pp 162-170 (2007)
institution	DOAJ
collection	DOAJ
language	EN
topic	inflation targeting monetary policy capital flow Economic theory. Demography HB1-3840
spellingShingle	inflation targeting monetary policy capital flow Economic theory. Demography HB1-3840 Muhammad Handry Imansyah KEBIJAKAN INFLATION TARGETING: ANTISIPASI KRISIS NILAI TUKAR
description	This paper examines workability of inflation targeting policy after one year and half of its application in Indonesia, based on a method of descriptive analysis using macro-prudential indicators. In addition, non-parametric approach to earlier warning system of monitoring Rupiah stability against the US Dollar is also employed as a comparison. These two macro-prudential and non-parametric approaches may predict the probability of weakening the Indonesian currency against USD. The results show unsatisfaction of the inflation targeting policy as a stabilizing instrument to control both inflation and rupiah movement against USD. This happens due to unsatisfaction of some prerequisites for conducting the policy, such as remaining weaknesses of financial institutions as indicated by the weakness of government regulation and control, significant off-shore loan or foreign debt and risky sudden stops from capital inflows (external domination).
format	article
author	Muhammad Handry Imansyah
author_facet	Muhammad Handry Imansyah
author_sort	Muhammad Handry Imansyah
title	KEBIJAKAN INFLATION TARGETING: ANTISIPASI KRISIS NILAI TUKAR
title_short	KEBIJAKAN INFLATION TARGETING: ANTISIPASI KRISIS NILAI TUKAR
title_full	KEBIJAKAN INFLATION TARGETING: ANTISIPASI KRISIS NILAI TUKAR
title_fullStr	KEBIJAKAN INFLATION TARGETING: ANTISIPASI KRISIS NILAI TUKAR
title_full_unstemmed	KEBIJAKAN INFLATION TARGETING: ANTISIPASI KRISIS NILAI TUKAR
title_sort	kebijakan inflation targeting: antisipasi krisis nilai tukar
publisher	Universitas Muhammadiyah Yogyakarta
publishDate	2007
url	https://doaj.org/article/3543feb23fca485191516f72e14584c1
work_keys_str_mv	AT muhammadhandryimansyah kebijakaninflationtargetingantisipasikrisisnilaitukar
_version_	1718395931324317696

KEBIJAKAN INFLATION TARGETING: ANTISIPASI KRISIS NILAI TUKAR

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