ANALISIS PENGARUH NILAI TUKAR RUPIAH TERHADAP ALIRAN MODAL SWASTA JANGKA PENDEK

Sari

This study analyzes the influence of exchange value of rupiah on private capital inflow in short run is purposed to analyze the Indonesia’s capital flow in the long run. The Capital inflow to Indonesia is caused by higher domestic interest rate (SBI interest rate) than international interest rate. The increasing SBI interest rate is one of monetary policy by central Bank caused the exchange value of rupiah is depreciation. In addition, capital inflow is also influenced by another components; inflation, Gross Domestic Product, and current account. For the purpose of analysis the study used 2006-2010 time series data. Empirically study use linear regression shown exchange value of rupiah influence private capital inflow in short run. If domestic inflation near world inflation, exchange value of rupiah is stable, domestic interest rate is conducive, politic is conducive, may be opportunity international capital flow and then investor will be their capital inflow in long run.

Keywords: Exchange Value of Rupiah, Private Capital Flow in Short Run