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Pengaruh Perubahan Sistem Nilai Tukar dari Managed Floating ke Free Floating terhadap Pass-Through Effect dan Votality, serta Implikasinya terhadap Efektifitas Kebijakan Moneter di Indonesia (Jurnal Riset Ekonomi dan Manajemen, Vol.7 No.3 Sept. 2007)
Bibliografi
Author:
Trihadmini, Nuning
Topik:
Exchange Rates Regime Changes
;
Managed Floating Exchange Rates
;
Free Floating Exchange Rates
;
Pass-Through Effect
;
Votatility
Bahasa:
(ID )
Penerbit:
Ikatan Sarjana Ekonomi Indonesia ( ISEI )
Tempat Terbit:
Surabaya
Tahun Terbit:
2007
Jenis:
Article - diterbitkan di jurnal ilmiah nasional
Fulltext:
Nuning Trihadmini_2.pdf
(1.21MB;
18 download
)
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
RR-2822
Non-tandon:
tidak ada
Tandon:
1
Lihat Detail Induk
Abstract
This Research aims to know the impact of exchange rates regime changes from Managed Floating to Free Floating Exchange Rates, toward pass-through effect and votatility. The research also investigates the differences of votatilities at different exchange rate system, the impact of votatilities to macro variables, and also monetary policy effectivity.
The result of data analysis indicates that degree of pass-through in Indonesia tends to incomplete. It means that the changes of exchange rates is not responsed by one-for-one of price changes, which is indicated the happening of "pricing to market". The degree of pass-through is bigger in free floating period compared to managed floating period, and this is confirmed by the degree of openness economics of Indonesia which is greater to global economics, so that the price change becomes more sensitive to exchange rates change. Furthermore, the impact of votatilities to macro variable is bigger at free floating period compared to managed period. Votatility of exchange rates has higher level coefficient at managed floating period, while monetary policy influences economic condition at free floating period more effectively.
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