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FOREIGN EXCHANGE EXPECTATIONS IN INDONESIA: REGIME SWITCHING CHARTISTS AND FUNDAMENTALISTS APPROACH
Bulletin of Monetary Economics and Banking
View Archive Info| Field | Value | |
| Title |
FOREIGN EXCHANGE EXPECTATIONS IN INDONESIA: REGIME SWITCHING CHARTISTS AND FUNDAMENTALISTS APPROACH
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| Creator |
Syarifuddin, Ferry
Achsani, Noer Azam Hakim, Dedi Budiman Bakhtiar, Toni |
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| Description |
In this research, the effect of central bank intervention within a heterogeneous expectation exchange rate model is investigated. The results are supporting both chartists and fundamentalist regimes. In the period investigated, chartist dominates in determining the exchange rate. While BI foreign exchange intervention can effectively push the market exchange-rate to its long-run fundamental equilibrium, however, Bank Indonesia’s effort to exert a stabilizing effect of foreign exchange interventions, the result does not show a success. Keywords: exchange rates, foreign-exchange intervention, switching regression JEL Classification: F31, E52, C24
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| Publisher |
Bank Indonesia
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| Date |
2015-01-29
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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/49
10.21098/bemp.v17i2.49 |
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| Source |
Buletin Ekonomi Moneter dan Perbankan; Vol 17 No 2 (2014): OCTOBER; 197-220
Buletin Ekonomi Moneter dan Perbankan; Vol 17 No 2 (2014): OCTOBER; 197-220 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/49/39
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| Rights |
Copyright (c) 2015 Ferry Syarifuddin, Noer Azam Achsani, Dedi Budiman Hakim, Toni Bakhtiar
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