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Journal > QE JOURNAL > KETERKAITAN INSTRUMEN KEBIJAKAN MONETER DENGAN NERACA PEMBAYARAN DI INDONESIA

 

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QE JOURNAL
Vol 3, No 01 (2014): QE Journal Edisi Maret 2014
KETERKAITAN INSTRUMEN KEBIJAKAN MONETER DENGAN NERACA PEMBAYARAN DI INDONESIA
Article Info   ABSTRACT
Published date:
15 Nov 2015
 
AbstractThis study aims to determine the monetary policy variable linkages withIndonesias balance of payments. Using svar and IRF analysis found that the level of α = 0.05, variable monetary policy instruments such as open market operation(OPT), the minimum reserve requirement (GWM), and the discount rate (rDisk) has a significant relationship with the variable balance of payments (BOP) . In fact,all the macroeconomic variables also significantly affect the balance of paymentsvariables, except the variable domestic interest rates. This means that there is aclose link between monetary policy instruments with the balance of payments inIndonesia in the period of the study.Keywords: Instruments of Monetary policy, Balance of payment, SVAR, IRF
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