wahyudi, heru and Andriyanto, weddy and Tresnaningtyas, Armeita and Sumanda, kamadie and Palupi, Windi (2023) Uji similirity Analysis of Oil Price and Exchange Rate in Indonesia. Econjournals, turkey.
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Abstract
ABSTRACT This research aims to find out the long-term and short-term effects of the oil price variable on the exchange rate, as well as the variables of foreign exchange reserves, relative money supply, relative GDP, and interest rates relative to the exchange rate in Indonesia. The analytical method used is the error correction model (ECM). This study’s results indicate a significant adverse effect between the variables of foreign exchange reserves, relative GDP, and relative interest rates on exchange rates in the long term and short term. There is an insignificant positive relationship between oil prices and the exchange rate in the long term and a significant positive relationship in the short term. There is a negligible negative effect between the money supply relative to the exchange rate in the long term and an essential negative relationship in the short term. Keywords: ECM, Foreign Exchange Reserves, Oil Price, Relative Money Supply, Relative GDP, Interest Rates Relative JEL Classifications: E4, F31, Q3
| Item Type: | Other |
|---|---|
| Subjects: | H Social Sciences > HB Economic Theory |
| Divisions: | Fakultas Ekonomi dan Bisnis (FEB) > Prodi Ekonomi Pembangunan |
| Depositing User: | Dr Heru Wahyudi |
| Date Deposited: | 11 Apr 2023 01:55 |
| Last Modified: | 11 Apr 2023 01:55 |
| URI: | http://repository.lppm.unila.ac.id/id/eprint/50164 |
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