scholarly journals Analisis Perubahan Nilai Tukar Rupiah Akibat Peningkatan Inflasi, Tingkat Suku Bunga SBI dan Pertumbuhan Ekonomi (Studi Pada Bank Indonesia Periode 2008 – 2017)

2021 ◽  
Vol 23 (1) ◽  
pp. 20
Author(s):  
Mirna Herawati
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Interest Rate ◽  
Regression Model ◽  
Interest Rates ◽  
Direct Relationship ◽  
Inflation Rate ◽  
Rate Coefficient ◽  
Independent Variables ◽  
The Interest Rate

The purpose of this study was to determine the simultaneous effect of the inflation rate, interest rates and economic growth on the rupia exchange rate. This study also examines the partial effect of the inflation rate on the rupia exchange rate, finds the effect of interest rates on the rupia exchange rate, and economic growth on the rupia exchange rate. The research method used in this study is a quantitative method. The data source used is secondary data in the form of a Time Series. Time-series data is data that is collected over a specified period / period of time. The data collection technique used in this research is the documentary method taken from the Central Bureau of Statistic's data. From the calculation of the F value it is known that 0.00467 < 0.050, so there is a simultaneous influence of the inflation rate, interest rate and economic growth variables on the Rupiah exchange rate. The regression equation is Y = . The inflation rate coefficient for variable X1 is 0.009 and positive. This shows that the inflation rate has a direct relationship with the Rupiah exchange rate. This means that every time one unit of inflation increases, the beta variable (Y) of the rupia exchange rate will also increase by 0.009 with the assumption that other independent variables from the regression model have been corrected. The value of the interest rate coefficient for variable X2 is -0.02 and is negative. This indicates that the interest rate has a direct relationship with the Rupiah exchange rate. This means that each time the interest rate increases by one unit, the beta (Y) variable of the rupia exchange rate will decrease by 0.02 assuming that the other independent variables of the regression model have been corrected. If the value of economic growth (X3) increases one point, then the Y value will decrease by 0.06, assuming that the other independent variables of the regression model are fixed.Keywords: Inflation rate, interest rate, economic growth, rupia exchange rate

scholarly journals THE FACTORS ANALYSIS THAT INFLUENCE ONINFLATIONIN INDONESIA

2020 ◽  
Vol 3 (2) ◽  
pp. 302-307
Author(s):  
Helmi Agus Salim ◽  
Nely Supeni
Keyword(s):  
Exchange Rate ◽  
Gross Domestic Product ◽  
Interest Rates ◽  
Inflation Rate ◽  
Rate Coefficient ◽  
Domestic Product ◽  
Simultaneous Test ◽  
Factors Analysis ◽  
The Exchange Rate ◽  
The Interest Rate

MBA –JournalofManagementandBusinessAplicationPage 302MBAJournalofManagementandBusinessAplicationTHE FACTORS ANALYSIS THAT INFLUENCE ONINFLATIONIN INDONESIAHelmi Agus Salim1Nely Supeni2Higher Education of Economic MandalaEmail: [email protected] is an interesting topic to discuss because it has a broad impact on macroeconomic aggregates such as on economic growth, product competitiveness, interest rates and income distribution. Inflation is a dilemma that haunts the economy, especially developing countries especially Indonesia is a country with an estimated economic level in the world. Therefore there are several things that will be studied and examined to find out these problems including the effect of fuel subsidies, the effect of the Rupiah exchange rate against the US Dollar, the influence of interest rates, and the influence of Gross Domestic Product (GDP) on the inflation rate in Indonesia. The research method for analyzing data used is multiple regression. The results showed the Subsidy Variable (LS) had a positive regression coefficient of 0.1270 to inflation, the exchange rate coefficient (LK) was 0.5915 to inflation, the value of the interest rate coefficient (LSB) was -0.88638 to inflation, the GDP coefficient (LG) is 0.1489 of inflation. Based on the simultaneous test, it can be seen that the F statistic is 390 with a prob (F-statistic) of less than one percent, so these statistics mean that together the independent variables in the research model include the value of government subsidies, the exchange rate of the Rupiah against the USD, interest rates, and Gross Domestic Product / GDP of Indonesia together influence the inflation rate in Indonesia.Keywords:Inflation, Rupiah Exchange Rate, Interest Rates, Gross Domestic Product

scholarly journals Analisis Faktor-Faktor yang Mempengaruhi Nilai Tukar Rupiah Periode 1999Q1-2019Q2

2020 ◽  
Vol 11 (2) ◽  
pp. 197-209
Author(s):  
Erric Wijaya
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Interest Rates ◽  
Inflation Rate ◽  
Oil Prices ◽  
Short Term ◽  
Long Run ◽  
The Exchange Rate ◽  
The Interest Rate

The exchange rate plays an important role in influencing the level of Indonesia's international trade towards trading partner countries. This study discusses the factors that influence the exchange rate of the rupiah against dollar both in the short and long term. The variables that are suspected to influence changes in exchange rates are the inflation rate, the interest rate (SBI), world oil prices, the value of exports, and the value of imports. This research was conducted during 1999 quarter 1 to 2019 quarter 2. The results showed that there was a long-term and short-term relationship between inflation rates, interest rates, world oil prices, exports and imports to the exchange rate. In the short term, the interest rate and world oil prices have a significant effect on the exchange rate. In the long run, the inflation rate, world oil prices and imports have a significant effect on the exchange rate.

scholarly journals Interest rate and exchange rate volatility and the performance of the Nigerian informal sector: Evidence from small and medium-sized enterprises

2021 ◽  
Vol 23 (1) ◽  
pp. 19-32
Author(s):  
Henry Osazevbaru
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Regression Model ◽  
Interest Rates ◽  
Informal Sector ◽  
Exchange Rate Volatility ◽  
The Exchange Rate ◽  
The Interest Rate ◽  
Bound Test ◽  
Ardl Bound Test

This paper investigates the joint impact of interest rate and exchange rate volatility on the performance of the informal sector in Nigeria, focusing on Small and Medium-sized Enterprises (SMEs). The annual time-series data on the exchange and interest rates for the period 1981-2018 were obtained from where exchange and interest rates volatility data were computed. The data analysis was carried out using descriptive statistics, correlation, a unit root test, an Autoregressive Distributed Lag (ARDL) bound test for cointegration and the ARCH regression model. The results obtained by the ARDL bound test confirmed the presence of the long-term relationship between interest and exchange rates volatility and SMEs' performance, which suggests that all the variables of interest move together in the long run. Moreover, the ARCH regression model showed a positive impact of exchange and interest rates volatility on SMEs' performance. However, only exchange rate volatility was significant. Thus, policy makers should pursue the interest rate and exchange rate regimes that will encourage massive investments in SMEs. This, in turn, would increase the performance of SMEs. Also, the monetary authorities should implement the policies aimed at curtailing incessant volatility in the exchange rate and the interest rate so as to protect SMEs from the external perturbations of the movements of the exchange rate and the interest rate.

scholarly journals Impact of Inflation, Interest Rates and Return Exchange Rates on Pharmaceutical Companies on the IDX

2020 ◽  
Vol 1 (2) ◽  
pp. 111-117
Author(s):  
Mayroza Wiska ◽  
Fenisi Resty
Keyword(s):  
Exchange Rate ◽  
Data Analysis ◽  
Interest Rate ◽  
Exchange Rates ◽  
Interest Rates ◽  
Stock Returns ◽  
Inflation Rate ◽  
Stock Exchange ◽  
Pharmaceutical Companies ◽  
The Interest Rate

Abstract In this study, researchers have conducted research at PT. Indonesia stock exchange. The purpose of this study was to determine the effect of inflation, exchange rates and interest rates on stock returns in pharmaceutical companies listed on the Indonesia Stock Exchange. By taking secondary data in the 2010-2014 period. Data analysis in this study used the classical assumption test, t-test analysis and f-test, while the overall data analysis used a computer with SPSS version 21 software.The results of this study concluded that: (1) the inflation rate partially has a positive and significant effect on stock returns in pharmaceutical companies listed on the Indonesia Stock Exchange, (2) the exchange rate partially does not have a significant effect on stock returns in listed pharmaceutical companies. in the Indonesia Stock Exchange, (3) the interest rate partially does not have a significant effect on stock returns in pharmaceutical companies listed on the Indonesia Stock Exchange, (4) the inflation rate, the exchange rate, the interest rate simultaneously influence stock returns. in pharmaceutical companies listed on the Indonesia Stock Exchange.Suggestions for companies should pay more attention to financial performance factors, both as measured by profitability and the market in determining share prices. This study can further use other methods that may be better than the variable analysis used in this study, for example logistic analysis.

scholarly journals THE INFLUENCE OF INTEREST, JCI, EXCHANGE RATE, ECONOMIC GROWTH, AND INFLATION ON THE PERFORMANCE OF EMPLOYEES HEALTH INVESTMENT IN BUKIT ASAM FOUNDATION

2020 ◽  
Vol 1 (2) ◽  
pp. 191-199
Author(s):  
Rosaidah Permanasari Sembiring
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Interest Rate ◽  
Interest Rates ◽  
Coefficient Of Determination ◽  
Investment Performance ◽  
Investment Companies ◽  
Normality Test ◽  
The Interest Rate

This study aims to determine the effect of interest rates, JCI, Exchange Rate, Growth Economy and Inflation on Investment Performance Employees Health Foundation Bukit Asam. In this study, researchers used a regression method with a quantitative approach. The comparative research hypothesis is a hypothesis formulated to provide answers to the issues that are of influence. The population in this study were all of Interest Rate, JCI, Exchange Rate, Economic Growth and Inflation, and investment companies. Where the data of this study is the Interest Rate, JCI, Exchange Rate, Economic Growth and Inflation and investment company 2013 to 2017 period. The test used to test instrument this research is normality test, autocorrelation, Multicollinearity, heteroscedasticity. The results of the study that variable interest rates and a significant positive effect inverse of <0.05 and JCI positive and significant effect of <0,05 on the dependent variable, while the rupiah, Growth, and inflation is negative and not significant. While simultaneously or together there is a positive and significant influence of the independent variables on the dependent variable with a coefficient of determination of 10.1% while the remaining 89.9% is a combination of other factors not included in this study.

scholarly journals SUATU PENDEKATAN MONETER TERHADAP PERTUMBUHAN EKONOMI PADA PEREKONOMIAN TERBUKA KECIL DENGAN KONTROL MODAL: STUDI KASUS INDONESIA 2010.1-2014.12

2016 ◽  
Vol 13 (2) ◽  
pp. 141
Author(s):  
Aris Soelistyo
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Interest Rate ◽  
Interest Rates ◽  
Open Economy ◽  
Capital Mobility ◽  
Small Open Economy ◽  
Rate System ◽  
Exchange Rate System ◽  
The Interest Rate

The purpose of this study is to formulate the monetary model of the economic growth in a small open economy (small open economy) with a free exchange rate system (flexible exchange rate system) and capital mobility is not perfect (imperfect capital mobility), as well as the factors that influence economic growth, exchange rates and interest rates with monetary approach (mathematically and empirically).This study uses a structural analysis approach to vector autoregresion with monthly data Indonesia in 2010-2014. The empirical results reveal that changes in the money supply is a significant negative effect on economic growth 0.1008 Indonesia. Moreover, economic growth is affected by the magnitude of the previous period of economic growth significantly by 0.391825, where the magnitude of the effect is determined by the strength of the exchange rate in response to changes in interest rates Indonesia, the greater the exchange rate response to changes in interest rates, the weakening influence of the period of economic growth prior to economic growth. For a small open economy (small open economy) with a free exchange rate system (flexible exchange rate system), then the value of the rupiah per dollar exchange rate is influenced significantly by the amount of money in circulation (0.063318), the exchange rate value of the last period (0.746), and the interest rate the previous period (0.3424), the interest rate two previous periods (-0.305848).For situations of capital mobility is not perfect, then the variable interest rate is treated as endogenous variables, the empirical results show that the level of BI rate significantly influenced only by the BI rate the previous month (1.4526) and the interest rate of the previous two months (0.524) 

scholarly journals ANALISIS PENGARUH JUMLAH UANG BEREDAR, SUKU BUNGA SBI, NILAI TUKAR TERHADAP TINGKAT INFLASI

Media Ekonomi ◽  
2017 ◽  
Vol 18 (2) ◽  
pp. 49
Author(s):  
Heru Perlambang
Keyword(s):  
Monetary Policy ◽  
Exchange Rate ◽  
Interest Rate ◽  
Linear Regression ◽  
Exchange Rates ◽  
Interest Rates ◽  
Money Supply ◽  
Inflation Rate ◽  
Test Results ◽  
The Interest Rate

<p>Inflation is one of the effects of a prolonged economic crisis that hit the<br />country. Inflation is a situation where there are price rises sharply (Absolute)<br />which continues over a period of time. The purpose of this study analyzes the<br />monetary policy conducted by Bank Indonesia and its influence as the money<br />supply, interest rates and exchange rates SBI (IDR / USD) of the inflation rate.<br />The method used is multiple linear regression based on test results indicate<br />avariable effect on money supply, interest rate of SBI, and the exchange rate<br />(Rp / USD) in 2004 to 2009. By using eviews 4.0 software obtained from the<br />results of research following the money supply and exchange rate (Rp/USD)<br />had no significant effect on inflation while the interest rate (SBI) have a<br />significant effect on inflation.</p>

scholarly journals Pengaruh Tingkat Suku Bunga, Inflasi Dan Nilai Kurs Terhadap Harga Saham Perusahaan Perhotelan Yang Terdaftar Di Bursa Efek Indonesia Per Triwulannya Periode 2016-2018

2021 ◽  
Vol 4 (2) ◽  
pp. 871-877
Author(s):  
Rahmat Dewa Bagas Nugraha ◽  
H.M Nursito
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Exchange Rates ◽  
Interest Rates ◽  
Quantitative Study ◽  
Stock Prices ◽  
Stock Exchange ◽  
Secondary Data ◽  
Ratio Analysis ◽  
The Interest Rate

This study aims to determine and analyze the factors that affect stock prices through appropriate ratio analysis. As for the ratio of interest rates, inflation and exchange rates. Researchers want to know and analyze the effect partially or simultaneously between interest rates, inflation, and exchange rates on stock prices. This research is a quantitative study using secondary data. The object of this research is hotel companies listed on the Indonesia Stock Exchange for the period 2016-2018. The sample used in this study were 3 hotel with certain characteristics. The results of research simultaneously using the F test show that there is no influence between interest rates, inflation and exchange rates on stock prices because the calculated value is smaller than the table. Partially with the t test it can be concluded that there is no influence between interest rates on stock prices because the tcount value in the interest rate variable is smaller than the t table. Likewise, the t calculation of inflation and the exchange rate is smaller than the t table, so that there is no partial effect of the two variables on stock prices. Keywords: Stock Prices, Interest Rates, Inflation and Exchange Rates

scholarly journals The Impact of Macroeconomic Variables on Sectoral Indices in Indonesia

ETIKONOMI ◽  
2017 ◽  
Vol 16 (1) ◽  
pp. 71-80 ◽  
Author(s):  
Bambang Sutrisno
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Inflation Rate ◽  
Emerging Market ◽  
Estimation Method ◽  
Least Square ◽  
Series Data ◽  
Macroeconomic Variables ◽  
The Interest Rate ◽  
The Impact

This study aims to examine the effect of macroeconomic variables on sectoral indices in the Indonesian Stock Exchange. The difference in sensitiveness among sectors is an interesting issue to investigate this relationship in an emerging market, such as Indonesia. This study employs ordinary least square (OLS) as an estimation method with monthly time-series data from January 2005 to December 2014. The results document that the interest rate, inflation rate, and exchange rate simultaneously have a significant effect on sectoral indices in Indonesia. The interest rate partially shows a significant negative influence on all sectors except basic industry and chemical, finance, infrastructure, utilities, and transportation, and miscellaneous industry sectors. The inflation rate partially has no significant effect on all sectors. The exchange rate partially has a significant negative impact on all industries.DOI: 10.15408/etk.v16i1.4323

scholarly journals Albania's Monetary Policy and the Basic Indicators that Effect the Economic Growth

2019 ◽  
Vol 2 (2) ◽  
pp. 51
Author(s):  
Bernard Balla
Keyword(s):  
Economic Growth ◽  
Monetary Policy ◽  
Exchange Rate ◽  
Interest Rates ◽  
Inflation Targeting ◽  
Inflation Rate ◽  
Full Employment ◽  
Price Stability ◽  
Macroeconomic Policies ◽  
Consumer Prices

Macroeconomic policies aim to stabilize the economy by achieving their goal of price stability, full employment and economic growth. Price stability is the responsibility of macroeconomic policies that are developed to maintain a low inflation rate, contribute to the solidity of the domestic product and maintain an exchange rate that can be predictable. The purpose of this paper is to analyze Albania's monetary policy by highlighting the main indicators that can be used as a measurement of the efficiency of this policy in the economic development. The literature review shows that there are many attitudes regarding the factors that need to be taken into consideration when analyzing monetary policies, including the elements of fiscal policies. In the Albanian economy, the prices and the level of inflation are the most important aspects. The Bank of Albania uses the inflation targeting regime, considering that the main indicator of inflationary pressures in the economy is the deviation of inflation forecasted in the medium term by its target level. In numerical terms, the bank intends to maintain its annual growth in consumer prices at the level of 3%. According to the latest reports published by the Bank of Albania in 2019, monetary policy continues to contribute positively to a financial environment with a low interest rate and an annual inflation rate of 2%. Although the inflation rate hit the lowest value of 1.8 % in 2018, a balanced rate was achieved through the reduction of interest rates and risk premiums in financial markets and, more recently, through the tightening of the exchange rate. These monetary conditions are appropriate to support the growth of domestic demand and the strengthening of inflationary pressures.

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