Zakaria, Rinny Apriliany and Prof. Dr. Ghozali Maski. and Putu Mahardika Adi Saputra, (2022) Analisis Kombinasi Trilema Mundel-Fleming (Studi Pada Kelompok Negara Pendapatan Menengah). Magister thesis, Universitas Brawijaya.
Abstract
Hipotesis trilema Mundell-Fleming menyatakan bahwa sebuah negara tidak mungkin mencapai stabilitas nilai tukar, integrasi keuangan dan independensi moneter secara bersamaan. Artinya, kebijakan fixed exchange rate, free capital mobility dan independensi moneter bersifat trade off dan mustahil dijalankan secara simultan. Penelitian ini bertujuan untuk mengidentifikasi kombinasi trilema Mundell-Fleming yang terbentuk pada negara pendapatan menengah. Dengan model ARDL, ditemukan kombinasi trilema Mundell-Fleming dalam jangka pendek cenderung berpola konvergen. Sementara dalam jangka panjang, kelompok negara pendapatan menengah cenderung memilih independensi moneter dan integrasi keuangan, dengan konsekuensi hilangnya kontrol terhadap stabilitas nilai tukar, seperti yang disebutkan dalam hipotesis trilema Mundell-Fleming.
English Abstract
The Mundell-Fleming trilemma hypothesis stated that a country could not achieve exchange rate stability, financial integration, and monetary independence simultaneously. The fixed exchange rate policy, free capital mobility, and monetary independence are trade-offs and impossible to run simultaneously. This research aims to identify the combination of the Mundell-Fleming trilemma formed in middle-income countries. Using the ARDL model, we found that the Mundell-Fleming trilemma tends to converge in the short run. While on the long run, middle-income countries tend to choose monetary independence and financial integration, resulting in a less stable exchange rate, as mentioned in the hypothesis.
| Item Type: | Thesis (Magister) |
|---|---|
| Identification Number: | :0422020056 |
| Uncontrolled Keywords: | trilema Mundell-Fleming; stabilitas nilai tukar; integrasi keuangan; independensi moneter, Mundell-Fleming trilema; exchange rate stability, financial integration; monetary independence |
| Subjects: | 300 Social sciences > 330 Economics |
| Divisions: | S2/S3 > Magister Ilmu Ekonomi, Fakultas Ekonomi dan Bisnis |
| Depositing User: | Nur Cholis |
| Date Deposited: | 14 Feb 2023 01:53 |
| Last Modified: | 14 Feb 2023 01:53 |
| URI: | http://repository.ub.ac.id/id/eprint/197457 |
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