Since 2014
Foreign Exchange Expectations in Indonesia: Regime Switching Chartists & Fundamentalists Approach
Bulletin of Monetary Economics and Banking
View Archive Info| Field | Value | |
| Title |
Foreign Exchange Expectations in Indonesia: Regime Switching Chartists & Fundamentalists Approach
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| Creator |
budiman, dedi
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| Description |
In this research, the effect of central bank intervention within a heterogeneous expectations exchange rate model, is investigated. The empirical evidence is conducted by applying a Markov switching approach to daily USD/IDR exchange rate, intervention data of Bank Indonesia from 2006 to 2012. The results are supporting both chartists and fundamentalist regimes. It is shown that the two regimes are persistent. Meanwhile, Bank Indonesia’s foreign-exchange intervention has been able to drive the USD/IDR to its fundamentalist rule. However, Bank Indonesia efforts to exert a stabilizing effect of foreign exchange interventions, the result are inconclusive.
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| Publisher |
Bank Indonesia
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| Date |
2018-09-20
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
https://www.bmeb-bi.org/index.php/BEMP/article/view/5
10.21098/bemp.v17i2.5 |
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| Source |
Buletin Ekonomi Moneter dan Perbankan; Vol 17 No 2 (2014): OCTOBER; 198-220
Buletin Ekonomi Moneter dan Perbankan; Vol 17 No 2 (2014): OCTOBER; 198-220 2460-9196 1410-8046 |
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| Language |
eng
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| Relation |
https://www.bmeb-bi.org/index.php/BEMP/article/view/5/721
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| Rights |
Copyright (c) 2014 dedi budiman
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