DAMPAK KRISIS TERHADAP PERMINTAAN UANG DI INDONESIA PERIODE 1994-2004

Darmansyah Darmansyah

DOI: https://doi.org/10.23917/jep.v6i2.3997

Abstract

The paper examines relationship of the demand for money in Indonesia with national income (GDP real), interest rate (time deposit interest rate (quarterly)), inflation rate (the growth ofCPI) and crisis (dummy, which 0 = before crisis (from 1994:1 to 1997:2) and 1 = crisis (from 1997:3 to 2004:4) and to determine which variable had the most dominant effect to demand for money and also to know the demand for money stability in Indonesia in 1994-2004 period. To know the effect of the independent variables to the dependent variable we using regression models with OLS (Ordinary Least Squares) method and to know the stability we using the dummy variable approach. The result of the regression show GDP real, interest rate, inflation and crisis had effect to demand for money Ml and M2, and the stability test find there is instability demand for money Ml andM.2 in Indonesia.

Keywords

Demand for money Ml and M2; GDP real; interest rate; inflation; crisis.

Full Text:

PDF

References

Bank Indonesia, 1994-2005, Laporan Tahunan Bank Indonesia Tahun 1994-2004, Jakarta: Bank Indonesia.

Boediono. 1985. Demand for Money in Indonesia, 1975-1984. Bulletin of Indonesia Economic Studies. Vol. XXI, No. 2, August 1985.

Boediono. 1996. Ekonomi Moneter. Edisi ketiga. Yogyakarta: BPFE UGM.

Cuthbertson, Keith & Bredin, Don. 2001. Money Demand in Czech Republic Since Transition. Economic Analysis, Research and Publications Department, Central Bank of Ireland Technical Paper. 3/RT/01, January 2001.

De Brouwer, Gorden & Ng, Irene & Subbaraman, Robert. 1993. The Demand for Money in Australia: New Test on Old Topic. Economic Analysis Department Reserve Bank of Australia Research Discussion Paper. 9314, December 1993.

Diulio, Eugene A. 1993. Uang dan Bank, terjemahan Burhanuddin Abdullah. Jakarta: Erlangga.

Felmingham, Bruce & Zhang, Qing. 2000. The Long Run Demand for Broad Money in Australia Subject To Regime Shifts. School of Economics, University of Tasmania. April 2000.

Gujarati, Damodar. 2003. Basic Econometrics. Fourth Edition. New York: McGraw-Hill.

Heikkila, Jaakko. 2001. An Econometric Analysis of UK Demand for Narrow Money 1963-1989. Econometrics for Economists Project Report, June 10, 1998.

Iswardono Sardjonopermono. 1996. Uang Dan Bank. Edisi keempat. Yogyakarta: BPFE UGM.

Loizos, Konstantinos & Thompson, John. 2001. The Demand for Money in Greece 1962 to 1998. Journal of Economic Literature, classification. E41, January 2001.

Mankiw, N. Gregory. 2003. Teori Makro Ekonomi, terjemahan Imam Nurmawan. Edisi kelima. Jakarta: Erlangga.

Manulang. 1983. Ekonomi Moneter. Jakarta: Ghalia Indonesia.

McEachern, William A. 2000. Ekonomi Makro: Pendekatan Kontemporer, ter-jemahan Sigit Triandaru. Jakarta: Salemba Empat.

Mishkin, Frederic S. 1992. The Economics of Money, Banking, and Financial Market. Third Edition. New York, USA: Harper Collins Publishers.

Nopirin. 1993. Ekonomi Moneter Buku I. Edisi keempat. Yogyakarta: BPFE UGM.

______1987. Ekonomi Moneter Buku II. Yogyakarta: BPFE UGM.

Peria, Maria Soledad Martinez. 2000. The Impact of Banking Crisis on Money Demand the Impact of Banking Crisis on Money Demand. The World Bank. 2000.

Samuelson, Paul A. & Nordhaus, William D. 1994. Makro Ekonomi, terjemahan

Haris Munandar, Saragih, Freddy dan Tambunan, Rudi). Jakarta: Erlangga.

Waud, Roger N. 1992. Macroeconomics. Fifth edition. New York, USA: Harper Collins Publishers.

Article Metrics

Abstract view(s): 151 time(s)
PDF: 71 time(s)

Refbacks

  • There are currently no refbacks.