Sejak Bank Sentral (BI) menerapkan Inflation Targeting Framework untuk kebijakan moneternya sejak 2005, hasil Rapat Dewan Gubernur BI tentang besaran suku bunga acuannya (BI rate) selalu dinantikan oleh para investor. Tulisan ini bertujuan untuk mengukur volatilitas di pasar keuangan yang...

Per Agustus 2016 mendatang, suku bunga acuan kebijakan moneter akan berganti menjadi BI 7-day (Reverse) Repo Rate, menggantikan BI rate yang dianggap tidak lagi efektif mempengaruhi suku bunga pasar uang. Transmisi kebijakan moneter tersebut terhadap suku bunga perbankan, seperti suku bunga...

This paper aims to examine the main points of the emergence of controversies regarding digital currencies. By using secondary data and qualitative-descriptive analysis, it was found that digital currency cannot replace the function of money as a medium of exchange, a store of value, and a unit...

The new problem that arises in the open economy is the domestic currency exchange rate against foreign currencies in this case is the United States dollar recognized as the international currency. The open economy causes the condition of the domestic economy to affect the exchange rate changes....

The research objectives are to determine the impact of tourism, which proxied by the number of tourists and tourism receipts, against the exchange rates of Rupiah in Indonesia. This research was conducted using quantitative approaches, namely vector autoregressive (VAR) model and using monthly...

This study aims to determine the impact of workers’ remittances to the real exchange rates of rupiah during 2004 - 2013. Based on quarterly time series data and using VAR model, the results of this study suggested several conclusions : (i) the growth of remittance inflows have a positive...

This paper tries to analyze how the Covid-19 pandemic and economic conditions affect the demand for money and other payment instruments. By utilizing data/information in the period before the Covid-19 pandemic and during the outbreak of the Covid-19 pandemic, the analysis was carried out using a...

Indonesian Abstract: Dua dekade terakhir merupakan periode yang sangat dinamis serta diwarnai oleh banyak tantangan dan momen penting bagi pencapaian kinerja perekonomian Indonesia. Di tengah terpaan dua krisis besar, yaitu krisis keuangan Asia 1997/98 dan krisis keuangan global 2008/09,...

The policy of promoting development in the reform era of human development paradigm that puts people as actors and placing local economic development as a vehicle for community welfare. However, government policy as outlined in the budget form precisely the opposite direction to the proper role...

This book describes hisbah as the official state agencies that play a role in solving problems or minor offences which by their nature do not require a legal process through the courts. The institute is the result of the transformation of the market supervisory agency, formerly known as the...