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KAJIAN PENDEKATAN KEYNESIAN DAN MONETERIS TERHADAP DINAMIKA CADANGAN DEVISA : STUDI EMPIRIS DI INDONESIA PERIODE 1983-2008

N. Masdjojo, Gregorius (2012) KAJIAN PENDEKATAN KEYNESIAN DAN MONETERIS TERHADAP DINAMIKA CADANGAN DEVISA : STUDI EMPIRIS DI INDONESIA PERIODE 1983-2008. SEMINAR NASIONAL DAN CALL FOR PAPERS . ISSN ISBN: 978-979-3649-65-8

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Abstract

The main objective of this research is to analyze the effect of the change on the National Income, the Domestic Credit, the Exchange Rate and the Interest Rate to the change of the International Reserve. The research analyze based on the Keynesian Balance of Payment Theory (KBPT) and the Monetary Approach to the Balance of Payment (MABP). The KBPT was oriented to the short term analysis and the MABP was oriented to the long term analysis.The data is analyzed by the Error Correction Model (ECM). The results showed that in the long run the National Income, the Domestic Credit, the Exchange Rate and the Interest Rate can change the International Reserve significantly partially and simultaneously. The results showed that the effect of the independent variables to the International Reserve is the same as the hypotheses of the KBPT and MABP. It can be concluded from ECT value that in Indonesia the economy needs 6-7 quartals (1.5 years) to reach the new equilibrium.

Item Type: Article
Uncontrolled Keywords: The International Reserve, Keynesian Balance of Payment Theory (KBPT) and the Monetary Approach to the Balance of Payment (MABP), Error Correction Model (ECM), Error Correction Term (ECT)
Subjects: H Social Sciences > HB Economic Theory
Faculty / Institution: ?? Proceedings ??
Depositing User: User Proceeding
Date Deposited: 05 Jul 2012 06:23
Last Modified: 06 Jul 2012 05:24
URI: http://eprints.unisbank.ac.id/id/eprint/209

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