Open AccessPENGARUH MISALIGNMENT NILAI TUKAR TERHADAP KEBIJAKAN SAFEGUARDS DI ASEAN-5
Author(s) -
Dila Vindayani,
Dedi Budiman Hakim,
Alla Asmara
Publication year - 2015
Publication title -
bulletin of monetary economics and banking
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.505
H-Index - 4
eISSN - 2460-9196
pISSN - 1410-8046
DOI - 10.21098/bemp.v18i1.517
Subject(s) - tariff , exchange rate , enforcement , economics , panel data , logistic regression , international economics , econometrics , monetary economics , statistics , mathematics , political science , law
The purposes of this study are to analyze the occurence of exchange rate misalignment and its effect on non-tariff policy in ASEAN-5. We use Panel Dynamic OLS to estimate the equilibrium real exchange rate, while for determining the opportunities of the Non-Tariff Measures (NTMs) such as safeguards measures;we use Conditional Fixed-Effects Logistic Regression. The results shows that the magnitude of exchange rate misalignment tends to be large when specific country has a domestic turmoil. In addition, undervalued currrency of exporting country will increase the chances of safeguards measures enforcement from partner countries.
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