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"Penelitian ini menganalisa determinan pilihan rezim nilai tukar dengan menggunakan variabel Optimum Currency Area, Political Economy, dan krisis selama periode 1991-2008. Dengan menggunakan metode probit cross-countries ditemukan bahwa terdapat perbedaan antara driving variables di dunia, negara maju dan negara berkembang. Untuk negara-negara di dunia, tingkat keterbukaan, economic development, financial development, inflasi, reserve dan tingkat kediktatoran signifikan sementara hasil regresi untuk negara berkembang menunjukkan bahwa variabel tingkat keterbukaan negara, financial development, inflasi, reserve dan tingkat kediktatoran berpengaruh secara signifikan dalam pemilihan rezim nilai tukar negara. Hasil yang jauh berbeda didapat dari hasil regresi negara maju. Pada estimasi ini, hanya economic development, financial development dan kekuatan kelompok produser sektor tradable yang secara signifikan mempengaruhi pemilihan rezim nilai tukar.

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This study examines the determinant of exchange rate regime choice with Optimum Currency, Political Economy dan crisis approach in a span of year 1991-2008. Using cross-countries probit method, this study find that there are differences between driving variable in world, developed and developing countries. The result shows that for world, openness, economic development, financial development, inflation, reserve, dictatorship are the significant determinant and for developing countries, openness, financial development, inflation, reserve and dictatorship are influenced significantly the countries exchange rate regime choice. Meanwhile, for developed countries, only economic development, financial development and power of tradable sector producer are the significant determinan of exchange rate regime choice."

"Penelitian ini bertujuan untuk menganalisis dampak dari aliran modal masuk terhadap REER yang terjadi pada 6 negara Asia, meliputi Indonesia, Malaysia, Thailand, Filipina, Cina dan India untuk periode 1990-2011 melalui 3 jenis aliran modal yaitu, PMA, investasi portofolio, investasi lainnya. Dengan menggunakan model yang dikembangkangkan Lartey (2007) dan metode panel Feasible Generalized Least Square, hasil penelitian menunjukkan bahwa investasi portofolio memiliki dampak apresiasi REER paling besar, diikuti oleh investasi lainnya dan PMA. Variabel makroekonomi derajat keterbukaan dan konsumsi pemerintah positif dan signifikan terhadap apresiasi REER.

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The purpose of this research is to analyze the impact of capital inflows towards the REER, in a sample of 6 Asian countries, consisting of Indonesia, Malaysia, Thailand, Phillippines, China, and India from the year 1990-2011. By using the model developed by Lartey (2007) and Feasible Generalized Least Square regression, the results reveal that portofolio investment have the greatest REER appreciation effect towards the REER, followed by other investment and foregin direct investment (FDI). Macroeconomic variables such as trade openness and government consumption positively and significantly affect the REER appreciation."

"This research analyses the link between economic fundamentals and news with exchange rates. We find that such economic news in Asia Pacific in the period 2003-2006. The exchange rate is shown Io respond more strongly to news in last periods of large marker uncertainty."

"ABSTRAKWe offer new insights on the dynamics of the exchange rate interest rate differential for the case of G7 economies. We show that the nexus is better considered using anasymmetric model, as suggested by a host of previous studies. In addition, we find therole of accounting for structural breaks to be prominent. We also show differences in thenexus between euro and non-euro G7 countries, suggesting heterogeneous monetarypolicies. Thus, we document the strongest evidence for the sticky price hypothesis inJapan and lesser evidence in the euro countries and the United Kingdom, with Canadaconsistently revealing evidence for the flexible price hypothesis."

"Penelitian ini bertujuan untuk menganalisis pengaruh eksposur nilai tukar terhadap return saham perusahaan domestik non-keuangan di Indonesia dan determinan eksposur nilai tukarnya. Determinan eksposur nilai tukar yang digunakan dalam penelitian ini adalah kekuatan keuangan, kekuatan operasional, kesempatan pertumbuhan, ukuran perusahaan, dan likuiditas perusahaan. Hasil dari penelitian menunjukkan bahwa sekitar 33 persen dari sampel yang ada menunjukkan terdapat eksposur nilai tukar Rupiah terhadap Euro dan 57 persen dari sampel menunjukkan terdapat eksposur nilai tukar Rupiah terhadap Dollar Amerika Serikat. Kekuatan keuangan yang diproksikan oleh variabel Total Debt to Total Asset dan kekuatan operasional yang diproksikan oleh Asset Tangibility serta Asset Turnover terbukti signifikan memengaruhi besaran eksposur nilai tukar Rupiah terhadap Euro. Sedangkan, kekuatan operasional yang diproksikan oleh Asset Turnover, ukuran perusahaan yang diproksikan oleh Market Value, dan likuiditas yang diproksikan oleh Dividend Payout terbukti signifikan memengaruhi besaran eksposur nilai tukar Rupiah terhadap Dollar Amerika Serikat.

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This study aimed to analyze the effect of exchange rate exposure on stock returns of non-financial domestic companies in Indonesia and the determinants of exchange rate exposure. Determinants of exchange rate exposure used in this study is the financial strength, operational strengths, growth opportunities, firm size, and liquidity. Results of the study showed that about 33 percent of the sample showed that there were exchange rate exposure Rupiah against the Euro and 57 percent of the samples showed that there were exposure of the Rupiah against the U.S. Dollar. Financial strength is proxied by the variable Total Debt to Total Assets and operational strength is proxied by Asset Turnover and Asset Tangibility proved to significantly affects the magnitude exchange rate exposure Rupiah against the Euro. Whereas, the operational strength of the proxied by Asset Turnover, size is proxied by the Market Value, and liquidity is proxied by Dividend Payout proved to significantly affects the magnitude exchange rate exposure Rupiah against the U.S. dollar."

"The interaction power and economic phenomena may provide an appealing focus for political economy. This article is expected to be a critical overview of the current Indonesia political economy condition. When the role of state is limited only as watchdog and the ruler of the game is the private sectors this can be called as a free capitalism. According to the theories of political economy by Caporasao and Livine, our country status to the political economy roles is a weak state. Multinational Cooperation has played an important role in Indonesia economy. Free market seems to get the heavent place in our country with the biggest five highly populated. In the free market economy, individuals enter to relations (exchange) voluntary but the free market eliminated authority allocation, coeverceice forms of labor and so on. By replacing authority wih voluntary contract, the market economy shows to eliminate the state power. Therefore, this article suggests that we need to firm our state - centered approaches to political economy. The state policy to the private sector is too loose and let them treat it as an instrument or instution employed by individuals or groups as a way of achieving private ends. tThis form of determination leaves the state in a derivative position. deprived of its own logic, lacking of motivation and source of energy lying outside economy, the state is reduced to a dependent variable. First, a clear distinction is made between state and economy. second economy is accorded a primary place, with the scenes and interests of individuals at the center. And the third, the state is treated as a vehicle to satisfy wants when they cannot be satisfied privately. This article approaches to political economy centering of an active state whose agenda is not to reducible to wants emerging within the private atmosphere. The article begins with a discussion on the state autonomy, society centered approaches, a transformational view of the state and conclusion."