PENGARUH CORRUPTION PERCEPTION INDEX, OPEN TRADENESS, ECONOMIC FREEDOM, SUKU BUNGA RIIL DAN INFLASI TERHADAP VOLATILITAS NILAI TUKAR RIIL

PUSPITASARI, AMANDA SELIANA and Asngari, Imam (2025) PENGARUH CORRUPTION PERCEPTION INDEX, OPEN TRADENESS, ECONOMIC FREEDOM, SUKU BUNGA RIIL DAN INFLASI TERHADAP VOLATILITAS NILAI TUKAR RIIL. Undergraduate thesis, Sriwijaya University.

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Abstract

This study examines the effect of the Corruption Perception Index (CPI), open trade, economic freedom, real interest rates, and inflation on real exchange rate volatility in eight emerging market countries during the period 1995–2023. Using panel data regression method to test the consistency of the results, this study estimates the relationship between variables through four equation models, namely; the effect of monetary variables (real interest rates and inflation) on real exchange rate volatility, the effect of open tradeness on real exchange rate volatility, the effect of Corruption Perception Index (CPI) and economic freedom on real exchange rate volatility, and the combined effect of all independent variables (CPI, open tradeness, economic freedom, real interest rates, and inflation) on real exchange rate volatility. The results show that real interest rates and inflation have a significant effect on real exchange rate volatility, with unstable inflation increasing market uncertainty. CPI has a negative relationship with real exchange rate volatility. Trade openness has different impacts depending on exposure to external shocks, while high economic freedom tends to suppress exchange rate volatility through strengthening economic policies. This study provides theoretical contributions to monetary economics and practical contributions to the formulation of exchange rate stabilization policies in developing countries.

Item Type:	Thesis (Undergraduate)
Uncontrolled Keywords:	Corruption Perception Index, Kebebasan Ekonomi, Perdagangan Terbuka, Suku Bunga Riil, Inflasi, Volatilitas Nilai Tukar Riil
Subjects:	H Social Sciences > HB Economic Theory > HB501 Capital. Capitalism H Social Sciences > HG Finance > HG1621-1638 Interest rates. Interest tables
Divisions:	01-Faculty of Economics > 60201-Development Economics (S1)
Depositing User:	Amanda Seliana Puspitasari
Date Deposited:	20 Jan 2025 08:07
Last Modified:	20 Jan 2025 08:07
URI:	http://repository.unsri.ac.id/id/eprint/165770

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