Central Bank Credibility and Government Regulation: A Paradox?

Suwondo, Juwita Purnami Restu (2014) Central Bank Credibility and Government Regulation: A Paradox? Magister thesis, Universitas Brawijaya.

Abstract

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English Abstract

The purpose of this paper is to understand how the regulation affects central bank credibility through inflation rate, and to investigate whether or not a paradox really exists between those two regulations. This research took place in Central Bank of Indonesia because the secondary data was taken from Central Bank of Indonesia, with partly obtained from Central Bureau of Statistic (BPS), and World Economic Outlook IMF (International Monetary Fund. The data gathered in this research is secondary, which published officially by Central Bank of Indonesia, International Monetary Fund (IMF), and Central Bureau of Statistics (BPS), from 2007 to 2013. The method of Three Stage Least Squares (3SLS) estimation is being used in this thesis. The model (both inflation and credibility equations) provided evidences that suggested that there is indeed a negative relationship between government regulation and the central bank credibility in Indonesia. It indicates that as the import agreement (ACFTA) is being held, and the import quota becomes higher, the central bank credibility turned out to be lower, through its impact on the inflation rate

Other obstract

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Item Type: Thesis (Magister)
Identification Number: TES/332.41/SUW/c/2014/042000523
Uncontrolled Keywords: INFLATION (FINANCE), BANKS AND BANKING,
Subjects: 300 Social sciences > 332 Financial economics > 332.4 Money > 332.41 Value of money
Divisions: S2/S3 > Magister Ilmu Ekonomi, Fakultas Ekonomi dan Bisnis
Depositing User: Budi Wahyono Wahyono
Date Deposited: 22 Jan 2020 07:22
Last Modified: 28 Oct 2021 03:03
URI: http://repository.ub.ac.id/id/eprint/178242
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