EVALUATING MONETARY TRANSMISSION MECHANISM IN INDONESIA THROUGH EXCHANGE RATE CHANNEL

<p class="Abstract1">Abstract:This study aims to evaluate the role of exchange rate channel in transmitting monetary policy effects in Indonesia by addressing the following questions: (i) to what extent is the contribution of the exchange rate in inflation rate fluctuations in Indon...

Descripción completa

Guardado en:

Detalles Bibliográficos
Autores principales:	Dimas Bagus Wiranata Kusuma, Salina H Kassim
Formato:	article
Lenguaje:	EN
Publicado:	Universitas Muhammadiyah Yogyakarta 2013
Materias:	exchange rate channel trade balance direct pass through indonesia Economic theory. Demography HB1-3840
Acceso en línea:	https://doaj.org/article/8e9e203dabbd4fafbd9a7fae9809b4ca
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai:doaj.org-article:8e9e203dabbd4fafbd9a7fae9809b4ca
record_format	dspace
spelling	oai:doaj.org-article:8e9e203dabbd4fafbd9a7fae9809b4ca2021-12-02T11:13:24ZEVALUATING MONETARY TRANSMISSION MECHANISM IN INDONESIA THROUGH EXCHANGE RATE CHANNEL1411-99002541-5506https://doaj.org/article/8e9e203dabbd4fafbd9a7fae9809b4ca2013-10-01T00:00:00Zhttps://journal.umy.ac.id/index.php/esp/article/view/1243https://doaj.org/toc/1411-9900https://doaj.org/toc/2541-5506<p class="Abstract1">Abstract:This study aims to evaluate the role of exchange rate channel in transmitting monetary policy effects in Indonesia by addressing the following questions: (i) to what extent is the contribution of the exchange rate in inflation rate fluctuations in Indonesia? (ii) What are the effects of exchange rate channel in explaining the direct pass through effect in Indonesia; and (iii) can the exchange rate channel explain the trade competitiveness in Indonesia? The study utilizes monthly data spanning from January 1990 to April 2009 and is divided into four sub-periods, namely (i) pre-crisis period: January 1990-July 1997; (ii) crisis period: August 1997-December 2000; (iii) post-crisis period: January 2001-June 2005; and (iv) post-ITF period: July 2005-April 2009. By adopting the standard Vector Autoregression model, the study finds changing nature of the exchange rate channel during the various sub-periods of the study.</p><p class="Keyword1"> </p><p class="Abstract2"><strong></strong>Abstrak: Studi ini bertujuan mengevaluasi peran saluran nilai tukar dalam mentransmisikan efek kebijakan moneter di Indonesia dengan mengatasi pertanyaan berikut: (i) sampai sejauh mana kontribusi dari nilai tukar fluktuasi tingkat inflasi di Indonesia? (ii) Apa efek dari saluran nilai tukar dalam menjelaskan lulus langsung melalui efek di Indonesia; dan (iii) Dapatkah saluran nilai tukar menjelaskan daya saing perdagangan di Indonesia? Studi ini menggunakan data bulanan mulai dari Januari 1990 sampai April 2009 dan dibagi menjadi empat sub-periode, yaitu (i) periode pra-krisis: Januari 1990-Juli 1997; (Ii) masa krisis: Agustus 1997-Desember 2000; (Iii) periode pasca-krisis: Januari 2001-Juni 2005; dan (iv) pasca-ITF periode: Juli 2005-April 2009. Dengan mengadopsi model Vector Autoregression standar, studi ini menemukan perubahan sifat saluran nilai tukar selama berbagai sub-periode studi.</p><p class="Keyword1"> </p>Dimas Bagus Wiranata KusumaSalina H KassimUniversitas Muhammadiyah Yogyakartaarticleexchange rate channeltrade balancedirect pass throughindonesiaEconomic theory. DemographyHB1-3840ENJurnal Ekonomi & Studi Pembangunan, Vol 14, Iss 2, Pp 91-100 (2013)
institution	DOAJ
collection	DOAJ
language	EN
topic	exchange rate channel trade balance direct pass through indonesia Economic theory. Demography HB1-3840
spellingShingle	exchange rate channel trade balance direct pass through indonesia Economic theory. Demography HB1-3840 Dimas Bagus Wiranata Kusuma Salina H Kassim EVALUATING MONETARY TRANSMISSION MECHANISM IN INDONESIA THROUGH EXCHANGE RATE CHANNEL
description	<p class="Abstract1">Abstract:This study aims to evaluate the role of exchange rate channel in transmitting monetary policy effects in Indonesia by addressing the following questions: (i) to what extent is the contribution of the exchange rate in inflation rate fluctuations in Indonesia? (ii) What are the effects of exchange rate channel in explaining the direct pass through effect in Indonesia; and (iii) can the exchange rate channel explain the trade competitiveness in Indonesia? The study utilizes monthly data spanning from January 1990 to April 2009 and is divided into four sub-periods, namely (i) pre-crisis period: January 1990-July 1997; (ii) crisis period: August 1997-December 2000; (iii) post-crisis period: January 2001-June 2005; and (iv) post-ITF period: July 2005-April 2009. By adopting the standard Vector Autoregression model, the study finds changing nature of the exchange rate channel during the various sub-periods of the study.</p><p class="Keyword1"> </p><p class="Abstract2"><strong></strong>Abstrak: Studi ini bertujuan mengevaluasi peran saluran nilai tukar dalam mentransmisikan efek kebijakan moneter di Indonesia dengan mengatasi pertanyaan berikut: (i) sampai sejauh mana kontribusi dari nilai tukar fluktuasi tingkat inflasi di Indonesia? (ii) Apa efek dari saluran nilai tukar dalam menjelaskan lulus langsung melalui efek di Indonesia; dan (iii) Dapatkah saluran nilai tukar menjelaskan daya saing perdagangan di Indonesia? Studi ini menggunakan data bulanan mulai dari Januari 1990 sampai April 2009 dan dibagi menjadi empat sub-periode, yaitu (i) periode pra-krisis: Januari 1990-Juli 1997; (Ii) masa krisis: Agustus 1997-Desember 2000; (Iii) periode pasca-krisis: Januari 2001-Juni 2005; dan (iv) pasca-ITF periode: Juli 2005-April 2009. Dengan mengadopsi model Vector Autoregression standar, studi ini menemukan perubahan sifat saluran nilai tukar selama berbagai sub-periode studi.</p><p class="Keyword1"> </p>
format	article
author	Dimas Bagus Wiranata Kusuma Salina H Kassim
author_facet	Dimas Bagus Wiranata Kusuma Salina H Kassim
author_sort	Dimas Bagus Wiranata Kusuma
title	EVALUATING MONETARY TRANSMISSION MECHANISM IN INDONESIA THROUGH EXCHANGE RATE CHANNEL
title_short	EVALUATING MONETARY TRANSMISSION MECHANISM IN INDONESIA THROUGH EXCHANGE RATE CHANNEL
title_full	EVALUATING MONETARY TRANSMISSION MECHANISM IN INDONESIA THROUGH EXCHANGE RATE CHANNEL
title_fullStr	EVALUATING MONETARY TRANSMISSION MECHANISM IN INDONESIA THROUGH EXCHANGE RATE CHANNEL
title_full_unstemmed	EVALUATING MONETARY TRANSMISSION MECHANISM IN INDONESIA THROUGH EXCHANGE RATE CHANNEL
title_sort	evaluating monetary transmission mechanism in indonesia through exchange rate channel
publisher	Universitas Muhammadiyah Yogyakarta
publishDate	2013
url	https://doaj.org/article/8e9e203dabbd4fafbd9a7fae9809b4ca
work_keys_str_mv	AT dimasbaguswiranatakusuma evaluatingmonetarytransmissionmechanisminindonesiathroughexchangeratechannel AT salinahkassim evaluatingmonetarytransmissionmechanisminindonesiathroughexchangeratechannel
_version_	1718396118381887488

EVALUATING MONETARY TRANSMISSION MECHANISM IN INDONESIA THROUGH EXCHANGE RATE CHANNEL

Ejemplares similares