IDEAS home Printed from https://ideas.repec.org/a/idn/journl/v8y200521p1-40.html
   My bibliography  Save this article

Interest Rates And The Role Of Exchange Rate Regimes In Major Southeast Asian Countries

Author

Listed:
  • Sahminan

    (Bank Indonesia)

Abstract

Peper ini meneliti apakah perbedaan sistim nilai tukar yang dianut oleh negara-negara Asia Tenggara mempunyai implikasi yang signifikan terhadap bagaimana gejolak pasar keuangan internasional ditransmisikan kedalam suku bunga domestik di negara-negara tersebut. Dengan menggunakan data dari 5 negara utama di Asia TenggaraƒIndonesia, Malaysia, Filipina, Singapura, dan Thailand kami menguji hipotesis bahwa tingkat suku bunga domestik dalam negara dengan sistim nilai tukar yang lebih fleksibel adalah lebih tidak terpengaruh oleh pasar keuangan internasional. Data yang digunakan adalah data harian dari Januari 1995 sampai dengan Desember 2003. Hasil estimasi menunjukkan bahwa sistem nilai tukar tidak mempunyai implikasi yang konklusif tentang bagaimana gejolak pasar keuangan internasional ditransmisikan ke dalam tingkat suku bunga domestik di negara-negara utama Asia Tenggara. Apapun sistem nilai tukar yang mereka anut, faktor domestik adalah merupakan faktor utama dalam pergerakan suku bunga domestik di negara-negara tersebut.

Suggested Citation

  • Sahminan, 2005. "Interest Rates And The Role Of Exchange Rate Regimes In Major Southeast Asian Countries," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 8(2), pages 1-40, September.
    • Handle: RePEc:idn:journl:v:8:y:2005:2:1:p:1-40
    DOI: https://doi.org/10.21098/bemp.v8i2.132
    as

    Download full text from publisher

    File URL: https://www.bmeb-bi.org/index.php/BEMP/article/download/132/107
    Download Restriction: no
    File URL: https://libkey.io/https://doi.org/10.21098/bemp.v8i2.132?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Chibuike R. Oguanobi* & Anthony A. Akamobi & Ogonna E. Ifebi & Anne C. Maduka, 2015. "Does interest rate shocks transmit from united states to Ghana? Evidence from vector auto-regression," Journal of Developing Areas, Tennessee State University, College of Business, vol. 49(3), pages 1-12, July-Sepe.
    2. Sahminan, Sahminan, 2006. "Adjustments of the Non-Financial Sector to the Rise in Exchange Rate Volatility and Their Policy Implications in Indonesia," MPRA Paper 95471, University Library of Munich, Germany.
    3. GRENADE, Kari & MOORE, Winston, 2008. "Co-Movements Between Foreign And Domestic Interest Rates In A Fixed Exchange Rate Regime: The Case Of The Eccu And The Us," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 8(1), pages 119-130.

    More about this item

    Keywords

    Exchange Rate Regimes; Interest Rates; Southeast Asia;
    All these keywords.

    JEL classification:

    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • N15 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Asia including Middle East

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:idn:journl:v:8:y:2005:2:1:p:1-40. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Lutzardo Tobing or Jimmy Kathon (email available below). General contact details of provider: https://edirc.repec.org/data/bigovid.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.