Aug 2026· Formosa Journal of Multidisciplinary Research· Vol 5, pp. 2691-2710· 0 citations· 46 references
Abstract
This study aims to analyze the impact of the money supply, Consumer Price Index (CPI) inflation, VIXCLS, Indonesia's Geopolitical Risk (GPR-C), external debt, the BI Interest Rates, and West Texas Intermediate (WTI) oil prices on the IDR/USD exchange rate. The study employs a quantitative approach using the Autoregressive Distributed Lag (ARDL) method, utilizing secondary monthly data for Indonesia covering the period from January 2015 to December 2024, obtained from official publications. The results indicate that the money supply and VIXCLS have a significant positive effect, whereas external debt and WTI oil prices have a significant negative effect on the IDR/USD exchange rate. Conversely, CPI inflation, GPR-C, and the BI Rate do not have a significant impact. The study concludes that the rupiah exchange rate is primarily influenced by domestic monetary factors and global conditions. Future research is advised to incorporate additional variables and extend the observation period.
Indonesia’s non-oil and gas imports are influenced by fiscal and macroeconomic conditions, including Value Added Tax (VAT) policy and exchange rate movements. However, prior studies have reported inconsistent findings regarding their effects on import activity. This study examines the effects of the VAT rate and the Ru...
Putri Amelia Vega, Munawaroh Munawaroh, M. Djadjuli· Indonesian Journal Economic...· 0 citations
Despite the continuous devaluation of the Ethiopian birr, the trade and current account deficits have worsened over time. This problem is partly due to the limited diversification of exports and their structures, which mainly consist of price- and income-inelastic primary agricultural products. This research investigat...
Fassil Eshetu, Tewolde Girma· Discover Global Society· 0 citations
The Energy Sector Index (IDXENERGY) is one of the indicators that reflects the performance of energy sector companies on the Indonesia Stock Exchange and is influenced by various macroeconomic factors and energy commodity prices. This study aims to analyze the influence of inflation, USD/IDR exchange rate, BI 7-Day Rep...
Muhamad Guntur Mahardhika, M. Taufiq· International Journal of Sus...· 0 citations
Understanding monetary transmission mechanisms is critical for emerging open economies navigating external volatility. This study investigates the direct and indirect impacts of interest rates, inflation, and money supply on Indonesia's economic growth from 2014 to 2024, examining the mediating role of the Rupiah-to-US...
Anugrah Tri Saputra, Sri Astuty, Irwandi et al.· Indonesian Journal Economic...· 0 citations
This study examined the effect of financial distortions on economic growth in Nigeria from 1990
to 2024, using time series data sourced from the Central Bank of Nigeria (CBN) Statistical Bulletin
and the National Bureau of Statistics (NBS). An ex post facto research design was adopted,
focusing on four key indicators o...
Honour Diebogheneruo Onerhime· International Journal of Eco...· 0 citations
The present study investigates the macroeconomic determinants of exchange rate volatility in India for the period from 2010-11 to 2023-24. Exchange rate stability is important for economic growth, international trade, foreign investment, inflation control and financial stability. This study aims to analyze the trend of...
G. Indhumathi· International journal of res...· 0 citations
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