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

Pasrun Adam

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

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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Details

Other ID JA47RM55SD
Journal Section Research Article
Authors

Pasrun Adam This is me

Publication Date June 1, 2016
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.
AMA Adam P. The Response of Bank of Indonesia’s Interest Rates to the Prices of World Crude Oil and Foreign Interest Rates. IJEEP. June 2016;6(2):266-272.
Chicago 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, no. 2 (June 2016): 266-72.
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 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, 2016.
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 2016), 266-272.
JAMA 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, 2016, pp. 266-72.
Vancouver 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):266-72.