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Year 2016, Volume: 6 Issue: 2, 266 - 272, 01.06.2016

Pasrun Adam

https://izlik.org/JA45JY48CZ

Abstract

The Response of Bank of Indonesia’s Interest Rates to the Prices of World Crude Oil and Foreign Interest Rates

Year 2016, Volume: 6 Issue: 2, 266 - 272, 01.06.2016

Pasrun Adam

https://izlik.org/JA45JY48CZ

Abstract

This research aimed to investigate the response of interest rates set by Bank of Indonesia to the prices of world crude oil and foreign interest rates. It analyzed monthly data which spanned from July 2005 to October 2015. The tool of analysis used was the difference equation model. Result of the test showed that there was a positive response of the interest rate determined by Bank of Indonesia to the price of world crude oil and foreign interest rates. The interest rates maintained by Bank of Indonesia increased (decreased) by 0.135% in response to each 1% increase (decrease) in the price of world crude oil. The interest rates also increased (decreased) by 0.081% in response to each 1% increase (decrease) in foreign interest rates

Keywords

World crude oil price foreign interest rates domestic interest rates difference equation model

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Other ID JA47RM55SD
Authors

Pasrun Adam This is me

Publication Date June 1, 2016
IZ https://izlik.org/JA45JY48CZ
Published in Issue Year 2016 Volume: 6 Issue: 2

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APA Adam, P. (2016). The Response of Bank of Indonesia’s Interest Rates to the Prices of World Crude Oil and Foreign Interest Rates. International Journal of Energy Economics and Policy, 6(2), 266-272. https://izlik.org/JA45JY48CZ
AMA 1.Adam P. The Response of Bank of Indonesia’s Interest Rates to the Prices of World Crude Oil and Foreign Interest Rates. IJEEP. 2016;6(2):266-272. https://izlik.org/JA45JY48CZ
Chicago Adam, Pasrun. 2016. “The Response of Bank of Indonesia’s Interest Rates to the Prices of World Crude Oil and Foreign Interest Rates”. International Journal of Energy Economics and Policy 6 (2): 266-72. https://izlik.org/JA45JY48CZ.
EndNote Adam P (June 1, 2016) The Response of Bank of Indonesia’s Interest Rates to the Prices of World Crude Oil and Foreign Interest Rates. International Journal of Energy Economics and Policy 6 2 266–272.
IEEE [1]P. Adam, “The Response of Bank of Indonesia’s Interest Rates to the Prices of World Crude Oil and Foreign Interest Rates”, IJEEP, vol. 6, no. 2, pp. 266–272, June 2016, [Online]. Available: https://izlik.org/JA45JY48CZ
ISNAD Adam, Pasrun. “The Response of Bank of Indonesia’s Interest Rates to the Prices of World Crude Oil and Foreign Interest Rates”. International Journal of Energy Economics and Policy 6/2 (June 1, 2016): 266-272. https://izlik.org/JA45JY48CZ.
JAMA 1.Adam P. The Response of Bank of Indonesia’s Interest Rates to the Prices of World Crude Oil and Foreign Interest Rates. IJEEP. 2016;6:266–272.
MLA Adam, Pasrun. “The Response of Bank of Indonesia’s Interest Rates to the Prices of World Crude Oil and Foreign Interest Rates”. International Journal of Energy Economics and Policy, vol. 6, no. 2, June 2016, pp. 266-72, https://izlik.org/JA45JY48CZ.
Vancouver 1.Pasrun Adam. The Response of Bank of Indonesia’s Interest Rates to the Prices of World Crude Oil and Foreign Interest Rates. IJEEP [Internet]. 2016 Jun. 1;6(2):266-72. Available from: https://izlik.org/JA45JY48CZ