KETERKAITAN INSTRUMEN KEBIJAKAN MONETER DENGAN NERACA PEMBAYARAN DI INDONESIA
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This study aims to determine the monetary policy variable linkages with Indonesia's balance of payments. Using svar and IRF analysis found that the level of α = 0.05, variable monetary policy instruments such as open market operation (OPT), the minimum reserve requirement (GWM), and the discount rate (rDisk) has a significant relationship with the variable balance of payments (BOP) . In fact, all the macroeconomic variables also significantly affect the balance of payments variables, except the variable domestic interest rates. This means that there is a close link between monetary policy instruments with the balance of payments in Indonesia in the period of the study.
2013 ◽
Vol 4
(2)
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pp. 57-71
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1995 ◽
Vol 55
(3)
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pp. 612-636
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2021 ◽
Vol 9
(5)
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pp. 315-326
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2020 ◽
Vol 70
(4/2020)
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pp. 161-173
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1993 ◽
Vol 32
(4II)
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pp. 1043-1054
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2018 ◽
Vol 10
(2)
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pp. 169