ANALISIS PENGUJIAN PURCHASING POWER PARITY DAN INTERNATIONAL FISHER EFFECT DALAM JANGKA PENDEK TERHADAP NILAI TUKAR DINAR KUWAIT DAN RUPIAH INDONESIA

Abstract

 

ABSTRACT

               The purpose of this study was to analyze how the influence of the testing of purchasing power parity theory and the theory of the international fisher effect in the short term on the exchange rate of dinar Kuwait and Indonesian rupiah.

               The population of this study is all currencies listed in Indonesian banks within the scope of exchange rates or exchange rates. The sample used is the Kuwaiti and Indonesian Rupiah dinars in the 2015-2017 periods. The analytical method used is testing statistics with purchasing power parity and international fisher effect, regression analysis and variable independence test.

               The results showed that the theory of purchasing power parity had no effect on the exchange rate of dinar Kuwait and Indonesian rupiah in the short term due to the calculation of t table <t count. While the international fisher effect theory also does not affect the exchange rate of dinar Kuwait and Indonesian rupiah in the short term because the calculation of t table <t count.

Keywords: Exchange Rate, Purchasing Power Parity, and International Fisher Effect.