ANALISIS PENGARUH OPERASI PASAR TERBUKA DALAM
RANGKA MENJAGA STABILITAS NILAI TUKAR RUPIAH
TESIS
Oleh :
ZULKIFLI IKHWAN HARAHAP
027018024
PROGRAM STUDI EKONOMI PEMBANGUNAN
PROGRAM PASCASARJANA
UNIVERSITAS SUMATERA UTARA
MEDAN
2004
Zulkifli Ikhwan Harahap : Analisis Pengaruh Operasi Pasar Terbuka Dalam Rangka Menjaga…, 2004
Zulkifli Ikhwan Harahap : Analisis Pengaruh Operasi Pasar Terbuka Dalam Rangka Menjaga…, 2004
USU Repository © 2007
ABSTRACT
AN ANALYSIS OF OPEN MARKET OPERATION INFLUENCE TO KEEP STABILIZATION OF RUPIAH EXCHANGE RATE
Name : Zulkifli Ikhwan Harahap Reg. No. : 027118024/EP
T h e o b j e c t i v e o f t h i s r e s e a r c h i s t o a n a l y z e t h e i n f l u e n c e o f o p e n m a r k e t operation to keep the stabilization of rupiah exchange rate in the period of 2000 to 2003.
R e g a r d i n g t o s t a b i l i z e r u p i a h e x c h a n g e r a t e , I n d o n e s i a n g o v e r n m e n t generates a reconsideration of the role of Bank Indonesia. The flexibility of exchange rate fluctuation cannot be avoided. Bank Indonesia, as a monetary authority needs to stifle the excessive exchange rate fluctuation in order not to threaten national economy.
A l o n g w i t h t h e t e n d e n c y o f m a n y c e n t r a l b a n k a l l o v e r t h e w o r l d t o f o c u s o n t h e mo n e t a ry p o l i cy to a c h i ev e p r i c e s t ab i li ty , p a r ag r ap h 7 o f U U N o . 2 3 1 9 99 a b o u t B a n k I n d o n e s i a , e x p li c it ly co mmi t s t h e go al to achi ev e and maintain the stabilization of rupiah rate as a target of monetary policy av a i l a b l e fo r c e n t r a l b a n k t o i m p l e m e n t s t a b i l i z a t i o n i n a c o u n t r y i . e . p r i c e stability, interest rate and economic growth stabilization.
T h e d a t a o f ev e r y v a r i ab l e i n t h i s r e s ea r c h i s c o l l e c t ed f r o m v a r i o u s s o u r c e s s u c h a s a n n u a l r e p o r t o f B a n k I n d o n e s i a , W e b s i t e o f B a n k Indonesia, monetary and banking bulletin as well.