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...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Universitas Muhammadiyah Yogyakarta
2007-10-01
|
| Series: | Jurnal Ekonomi & Studi Pembangunan |
| Subjects: | |
| Online Access: | https://journal.umy.ac.id/index.php/esp/article/view/1518 |
| _version_ | 1830205805068025856 |
|---|---|
| author | Muhammad Handry Imansyah |
| author_facet | Muhammad Handry Imansyah |
| author_sort | Muhammad Handry Imansyah |
| collection | DOAJ |
| 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). |
| first_indexed | 2024-12-18T04:01:36Z |
| format | Article |
| id | doaj.art-3543feb23fca485191516f72e14584c1 |
| institution | Directory Open Access Journal |
| issn | 1411-9900 2541-5506 |
| language | English |
| last_indexed | 2024-12-18T04:01:36Z |
| publishDate | 2007-10-01 |
| publisher | Universitas Muhammadiyah Yogyakarta |
| record_format | Article |
| series | Jurnal Ekonomi & Studi Pembangunan |
| spelling | doaj.art-3543feb23fca485191516f72e14584c12022-12-21T21:21:41ZengUniversitas Muhammadiyah YogyakartaJurnal Ekonomi & Studi Pembangunan1411-99002541-55062007-10-01821621701295KEBIJAKAN INFLATION TARGETING: ANTISIPASI KRISIS NILAI TUKARMuhammad Handry Imansyah0Fakultas Ekonomi Universitas Lambung MangkuratThis 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).https://journal.umy.ac.id/index.php/esp/article/view/1518inflation targetingmonetary policycapital flow |
| spellingShingle | Muhammad Handry Imansyah KEBIJAKAN INFLATION TARGETING: ANTISIPASI KRISIS NILAI TUKAR Jurnal Ekonomi & Studi Pembangunan inflation targeting monetary policy capital flow |
| title | 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_short | KEBIJAKAN INFLATION TARGETING: ANTISIPASI KRISIS NILAI TUKAR |
| title_sort | kebijakan inflation targeting antisipasi krisis nilai tukar |
| topic | inflation targeting monetary policy capital flow |
| url | https://journal.umy.ac.id/index.php/esp/article/view/1518 |
| work_keys_str_mv | AT muhammadhandryimansyah kebijakaninflationtargetingantisipasikrisisnilaitukar |