PENGARUH MISALIGNMENT NILAI TUKAR TERHADAP KEBIJAKAN SAFEGUARDS DI ASEAN-5

PENGARUH MISALIGNMENT NILAI TUKAR TERHADAP KEBIJAKAN SAFEGUARDS DI ASEAN-5

The purposes of this study are to analyze the occurence of exchange rate misalignment and its effect on non-tariff policy in ASEAN-5. We use Panel Dynamic OLS to estimate the equilibrium real exchange rate, while for determining the opportunities of the Non-Tariff Measures (NTMs) such as safeguards ...

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Bibliographic Details
Main Authors: Dila Vindayani, Dedi Budiman Hakim, Alla Asmara
Format: Article
Language:Indonesian
Published: Bank Indonesia 2015-11-01
Series:Bulletin Ekonomi Moneter dan Perbankan
Subjects:
exchange rate misalignment
non-tarif measures
safeguards
ASEAN
ACFTA
Online Access:https://www.bmeb-bi.org/index.php/BEMP/article/view/517
Description
Summary:The purposes of this study are to analyze the occurence of exchange rate misalignment and its effect on non-tariff policy in ASEAN-5. We use Panel Dynamic OLS to estimate the equilibrium real exchange rate, while for determining the opportunities of the Non-Tariff Measures (NTMs) such as safeguards measures;we use Conditional Fixed-Effects Logistic Regression. The results shows that the magnitude of exchange rate misalignment tends to be large when specific country has a domestic turmoil. In addition, undervalued currrency of exporting country will increase the chances of safeguards measures enforcement from partner countries.
ISSN:1410-8046
2460-9196

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