ANALISIS PENGARUH NERACA PEMBAYARAN TERHADAP NILAI TUKAR RUPIAH

Abstract

The purpose of this study is to determine 1) the influence of balance of short-term and long-term payment of the rupiah, 2) analyzing how shocks affect the current account and capital account of the exchange rate, 3) to determine whether the components of the balance of payments which exerts a greater influence on the exchange rate, and 4) to determine the contribution of several variables in the model that may affect the movement of the exchange rate . The method of analysis used in this study is the method of analysis Vector Error correction model ( VECM ) Results of this study will be useful for the information of the investors in forecasting the exchange rate of dollars in investment decisions by looking at the usefulness of the financial information by looking at the efficiency of the foreign exchange market . Result indicates that the proposed research hypotheses still have limitations in the field of research so that less can provide a more comprehensive picture of the effect of the balance of payments on the exchange rate

Keywords: the balance of payment, the exchange rate , the macro economic stability