Jambura Equilibrium Journal
Vol 4, No 2 (2022): Vol 4. No. 2. July 2022

The Impact of BI Rate, Exchange Rate, and Inflation on Broad Money in Indonesia

Hesniati Hesniati (Economic Faculty, Universitas Internasional Batam)
Felicia Koo (Economic Faculty, Universitas Internasional Batam)
Fernando Fernando (Economic Faculty, Universitas Internasional Batam)
Jeffri Winardy (Economic Faculty, Universitas Internasional Batam)
Wiriya Dharma Chuadra (Economic Faculty, Universitas Internasional Batam)

Article Info

Publish Date
11 Jul 2022

Abstract

The purpose of this study is to develop a model and research the effect of macroeconomics which includes the BI rate, exchange rate, and inflation on the development of the broad money (M2) by using data from the last ten years from 2011-2020 and obtaining 120 data. The method used in this research is quantitative research using SPSS software as a data processing tool. The results show that the variable BI rate, exchange rate, and inflation simultaneously have a significant effect on the amount of money circulating in Indonesia in the 2011-2020 period. In addition, the inflation variable and the BI rate have a negative relationship with the broad money (M2). Meanwhile, the exchange rate has a significant positive effect on broad money (M2).

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Journal Info
Jambura Equilibrium Journal
Website

Abbrev

equij

Publisher

Universitas Negeri Gorontalo

Subject

Economics, Econometrics & Finance Social Sciences

Description

The aims fo this journal is to provide a venue for academicians, researchers and practitioners for publishing the original research articles or reviews articles. The scope of the articles published in this journal deal with a broad range of topics, including Ecocnomic Development, Regional ...