Abstract

Indonesia is one of the countries that handed over its currency to the exchange market , so the rupiah has fluctuated. The purpose of this study is to test and analyze the exchange market pressure in Indonesia period after the monetary crisis. The method used is ARDL with the period of quarter 1 of 2002 up to quarter 4 of 2017. The estimation result shows that USA economic growth, USA PUAB, M2 growth, and domestic credit have a significant effect on EMP in the long term, while EMP lag 1, USA economic growth lag 3, USA PUAB, Indonesian M2 growth, and Indonesian M2 growth lag 2 have a significant effect, and domestic credit to EMP in the short term.

Highlights

  • of the countries that handed over its currency to the exchange market

  • The estimation result shows that USA economic growth

  • domestic credit have a significant effect on Exchange Market Pressure (EMP) in the long term

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Summary

Introduction

Indonesia is one of the countries that handed over its currency to the exchange market, so the rupiah has fluctuated. Pergan- jumlah beredar dalam perekonomian suatu tian tersebut dilakukan pasca Indonesia negara akan dapat memberikan tekanan mengalami krisis ekonomi moneter tahun pada nilai tukar mata uangnya terhadap Kredit domestik digunakan dalam siasi jika pertumbuhan ekonomi domestik studi ini karena berkaitan dengan capitumbuh lebih cepat dari pertumbuhan eko- tal flow dan capital inflow yang nantinya nomi asing, sehingga tekanan pasar valuta akan berdampak pada pasar valas.

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