Time Series Studies On Indonesian Rupiah?Usd Rate 1995-2005

摘要: textabstractThe exchange rate of Rp/USD has experienced three regimes since 1967: fixed, managed float, and free float. During the period 1967 – 1986, was devalued for 8 times by authority to help maintain external balance. The devaluations were part expenditure switching policy moreover, then considered right correct misalignment real rate. However it became clear that such approach quell always failed later on due inflation. After Indonesian switched regime when crawling pegged intervention band set adjusted from time keep healthy. That means central bank Indonesia, Bank would have defend time. It went smooth successful at first, economic agents enjoyed certainty in ! their business activities until currency crisis took place 1997. Thus, this thesis investigates behavior during 1995 2005. We want know how whether efficient market hypothesis holds case Rp/USD. Subsequently we behaves past will be likely behave future. Finally, are interested volatility can related other currencies: Japanese Yen, Singapore Dollar, Thai Baht, Philippine Peso.