Open AccessThe Exsistence of Economic Openness and the Strength of Real Exchange Rate
Author(s) -
Anggi Putri Kurniadi,
Fradya Randa,
Hasdi Aimon,
Sri Ulfa Sentosa
Publication year - 2019
Publication title -
asia proceedings of social sciences
Language(s) - English
Resource type - Journals
eISSN - 2663-6638
pISSN - 2663-662X
DOI - 10.31580/apss.v4i1.669
Subject(s) - openness to experience , exchange rate , inflation (cosmology) , economics , monetary economics , money supply , international economics , interest rate , psychology , social psychology , physics , theoretical physics
The important findings in this study are; First, economic openness in Indonesia is positively influenced by terms of trade and inflation, while in the Philippines it is positively affected by terms of trade and real exchange rates; Second, the strength of real exchange rates in Indonesia is positively influenced by money supply, net foreign assets, and economic openness, besides that it is negatively affected by inflation, while in the Philippines it is positively affected by the money supply; Third, economic opennes that affect the real exchange rate in Indonesia and the real exchange rate that affects the economic openness in the Philippines.