ERLIANTARI, FYESYA (2025) PENGARUH KERJA SAMA LOCAL CURRENCY SETTLEMENT (LCS) TERHADAP STABILITAS NILAI TUKAR RUPIAH. S1 thesis, UNIVERSITAS SULTAN AGENG TIRTAYASA.
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Abstract
Bank Indonesia is currently actively promoting regional economic cooperation through Local Currency Settlement (LCS), a collaboration between Indonesia and partner countries to conduct trade and investment payments using local currencies. The objective of this cooperation is to reduce the dependence of Indonesia and its partner countries on the use of the USD in trade and investment activities. Bank Indonesia has implemented this policy to stabilize the exchange rate of the Indonesian Rupiah against the USD. The purpose of this study is to analyze the influence of Indonesia-Malaysia Local Currency Settlement (LCS) transaction volume, Indonesia-Thailand Local Currency Settlement (LCS) transaction volume, Bank Indonesia's interest rate, inflation, and exports on the Rupiah exchange rate. The data used in this study is secondary monthly data, covering the period from January 2020 to February 2025. The method employed in this research is the Vector Error Correction Model (VECM). The findings of this study indicate that the Indonesia-Malaysia LCS transaction volume has a negative effect on the Rupiah exchange rate, with a VD contribution of 5.85% at the end of the period; the Indonesia-Thailand LCS transaction volume has a negative effect on the Rupiah exchange rate, with a VD contribution of 1.99% at the end of the period; Bank Indonesia's interest rate has a negative effect on the Rupiah exchange rate, with a VD contribution of 2.68% at the end of the period; inflation has a negative effect on the Rupiah exchange rate, with a VD contribution of 1.82% at the end of the period; and exports have a negative effect on the Rupiah exchange rate, with a VD contribution of 7.28% at the end of the period.
| Item Type: | Thesis (S1) | |||||||||
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| Additional Information: | Bank Indonesia saat ini tengah gencar melakukan kerja sama ekonomi regional dalam bentuk Local Currency Settlement (LCS), yaitu kerja sama antar Indonesia dengan negara – negara mitra untuk melakukan pembayaran dalam perdagangan maupun investasi menggunakan mata uang lokal. Tujuan dari kerja sama ini adalah untuk mengurangi ketergantungan Indonesia maupun negara mitra dalam penggunaan USD dalam kegiatan perdagangan maupun investasinya. Bank Indonesia membuat kebijakan ini dengan tujuan menstabilkan nilai tukar rupiah terhadap USD. Tujuan dari penelitian ini adalah untuk menganalisis pengaruh dari volume transaksi Local Currency Settlement (LCS) Indonesia – Malaysia, volume transaksi Local Currency Settlement (LCS) Indonesia – Thailand, BI Rate, Inflasi, dan Ekspor terhadap Nilai Tukar Rupiah. Data yang digunakan dalam penelitian ini merupakan data sekunder dengan periode bulanan, dari bulan Januari 2020 hingga bulan Februari 2025. Metode yang digunakan dalam penelitian ini adalah Vector Error Correction Model (VECM). Hasil kesimpulan dari penelitian ini menyatakan bahwa volume transaksi Local Currency Settlement (LCS) Indonesia – Malaysia memiliki pengaruh negatif terhadap Nilai Tukar Rupiah dengan kontribusi VD di akhir periode sebesar 5,85%, volume transaksi Local Currency Settlement (LCS) Indonesia – Thailand memiliki pengaruh negatif terhadap Nilai Tukar Rupiah dengan kontribusi VD di akhir periode sebesar 1,99%, BI Rate memiliki pengaruh negatif terhadap Nilai Tukar Rupiah dengan kontribusi VD di akhir periode sebesar 2,68%, Inflasi memiliki pengaruh negatif terhadap Nilai Tukar Rupiah dengan kontribusi VD di akhir periode sebesar 1,82%, dan Ekspor memiliki pengaruh negatif terhadap Nilai Tukar Rupiah dengan kontribusi VD di akhir periode sebesar 7,28%. | |||||||||
| Uncontrolled Keywords: | Local Currency Settlement Cooperation, Exchange Rate, Monetary Policy, Export, VECM. Kerja sama Local Currency Settlement, Nilai Tukar, Kebijakan Moneter, Ekspor, VECM. | |||||||||
| Subjects: | H Social Sciences > HB Economic Theory H Social Sciences > HC Economic History and Conditions |
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| Divisions: | 05-Fakultas Ekonomi dan Bisnis 05-Fakultas Ekonomi dan Bisnis > 60201-Program Sarjana Ilmu Ekonomi Pembangunan |
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| Depositing User: | Fyesya Erliantari | |||||||||
| Date Deposited: | 26 Aug 2025 05:07 | |||||||||
| Last Modified: | 26 Aug 2025 05:07 | |||||||||
| URI: | http://eprints.untirta.ac.id/id/eprint/52194 |
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