Analisis Permintaan Uang Di Indonesia Tahun 1990-2013

Abstract

Effectiveness of monetary control is very important for the economic development of Indonesia. Indonesia attentives an open economy that demand for money and supply of money are affected by external and internal factors. This research is motivated by the difference in the velocity of money between M1 and M2, as well as referring to the turmoil in M1 growth in Indonesia. The purpose of this research was to analyze the influence of Gross Domestic Product (GDP), the level of interest rates on deposits, Singapore Interbank Offered Rate (SIBOR), inflation, and economic break in 1998 (dummy variable) to demand for money (M1) in Indonesia. The data used in this study was obtained by the Library Research through the source of some of the literature, journals, and books related to this research, as well as by means of Field Research through agencies that provide data for this research such as BPS and BI. This research uses multiple linear regression analysis. The result of this research are GDP, inflation, and economic break 1998 have significant effect to demand for money (M1) in Indonesia. While the domestic interest rate is deposit interes although international interest rate SIBOR don’t have significant effect to demand for money (M1) in Indonesia.
Keywords: M1, GDP, Deposit Interest, SIBOR, Inflation, and Economic Break 1998