| Penulis | Artikel | Abstrak |
|---|---|---|
| Nurlia Listiani | THE EFFECT OF EXCHANGE RATE VOLATILITY ON INDONESIAN EXPORTS | Exchange rate volatility not only affects exchange rates, but also has important implications for export policies. This study investigates these issues as they relate to Indonesia’s relations with its fi ve main trading partners: the United States of America, Japan, Hong Kong, Singapore, and Malaysia. This is achieved by (i) measuring exchange rate volatility for each destination country; (ii) analysing whether exchange rate volatility has an effect on the export fl ows of Indonesia’s fi ve main trading partners; and (iii) exploring some of the policy implications. It uses three measures of exchange rate volatility: the standard deviation, the moving average standard deviation (MASD), and the autoregressive conditional heteroscedasticity (ARCH) model. Moreover, to analyse the effect of exchange rate volatility on exports, this study applies Johansen cointegration techniques and an error correction model to Indonesian quarterly data over the years from 1990 to 2008. According to the Akaike Information Criterion (AIC), the results indicate that the ARCH model is the optimal measure of volatility of exchange rate. Furthermore, a long-run relationship does exist, which is showing that real exchange rate volatility has negative effects on real export demand for the USA, Hong Kong, and Malaysia in the long and short run. On the other hand, although real exchange rate volatility has negative effects for Japan and Singapore in the long run, its effects are insignifi cant in the short run. These fi ndings suggest that policy makers should consider the degree of volatility of exchange rates and take notice of the likely effect of exchange rate volatility when implementing trade policies for each trading partner. |
| Reshmi Banerjee | FOOD SECURITY: A CHALLENGE FOR THE FUTURE | This article looks at food security in India and Indonesia by looking at the three parameters of food security: availability, accessibility, and absorption of food. It will also be examining the Indonesian agrarian scene and looking at the similarities in the problems of the two countries. Finally, the article makes recommendations based on the above parameters that can be useful and relevant for India and Indonesia in the future. |
| Thee Kian Wie | INDONESIA’S ECONOMIC CRISES AND THE PROSPECTS FOR RAPID AND SUSTAINED GROWTH | This paper discusses the four economic crises that have been experienced by I ndonesia since independence: the deep economic crisis of the mid-1960s, the economic slowdown after the oil boom in 1982, the deep economic crisis during the Asian fi nancial crisis of 1997–98, and the adverse effects of the global fi nancial crisis (GFC). Even though the effect of the GFC on the Indonesian economy was relatively mild compared with the devastation of the Asian fi nancial crisis, the Indonesian economy slowed down in 2008 and 2009. Indonesia’s prospects for a resumption of rapid and sustained growth will be discussed at the end of the paper. |
| Ascarya | THE LACK OF PROFIT-AND-LOSS SHARING FINANCING IN INDONESIA’S ISLAMIC BANKS REVISITED | The lack of profi t and loss sharing (PLS) fi nancing is a global phenomenon affec ting Islamic banks worldwide. This paper, using the Analytic Network Process (ANP) method, analyses problems faced by Indonesia’s Islamic banks. The preliminary step, to comprehend the envisaged problem fully and to develop an appropriate ANP network, is to decompose the problem through questionnaires and in-depth interviews with scholars and practitioners of Islamic banking. The next step is to evaluate and measure the model using pair-wise comparisons and then to synthesise these to fi nd solutions. The root of the problem has two aspects: Islamic bank internalities, which include upper management, human resources and technical aspects; and externalities, which include society, the authorities, and customers. The results show that internal problems have shifted from human resources (their lack of quality and quantity and their aversion to risk) to technical aspects (information technology [IT] and standard operating procedures [SOP]) as well as to upper management (commitment). External problems have increased slightly; they range from inaction by government administrative departments to inadequate commitment and support from the legislatures and, as well, there is too little trust and understanding by the public at large. The policies to be instituted by regulators have broadened to include not only directed, market-driven policies, but also professionalism. Moreover, the operational strategies for market development that should be implemented include service improvement programs as well as socialisation and communication programs that would address the most acute internal and external weaknesses of Islamic banking and fi nance in Indonesia. |
| Jusmaliani and Hanny Nasution | IDENTIFICATION OF THE ATTRIBUTES OF HALAL MEAT CONSUMPTION: A STUDY OF MUSLIMS IN JAKARTA AND MELBOURNE | Religiosity is considered as one of the most important cultural forces and infl uences on consumer behaviour. This study investigates the profi le of halal meat consumption by Muslims living in Melbourne and Jakarta; and it also examines whether there are differences in the attributes of halal meat consumption between these two groups. The results indicate most respondents strongly agree that eating halal meat is important; hence most respondents intend to eat halal meat seven times a week. The results further indicate that freshness, taste, smell, and slaughter method are the most important attributes of halal meat consumption. In addition, the importance attached to appearance, leanness, and slaughter methods were shown to be signifi cantly different between the two groups. This study contributes to the marketing literature that focuses on the effects of religion on consumer behaviour, a topic that is still under researched. |
Penulis : Nurlia Listiani, Reshmi Banerjee, Thee Kian Wie, Ascarya,
Jusmaliani, Hanny Nasution
Dewan redaksi : Zamroni Salim, Agus Eko Nugroho, Jusmaliani, Siwage Dharma Negara, Hanny Nasution, Thee Kian Wie, Darwin, J Soedrajat Djiwandono, Philip Anthony O’hara, Thomas Lindblad, Regayah Haji MatZin, Shigeru Otsubo, Eric D Ramstetter, Yuri Sato, Howard Dick, Robin Anderton Brown, Mutiara Sinaga, Prapti Sasiwi, Muhammad Fadly Suhendra, Sarwendah Puspita Dewi, Susilo Hariyanti
ISSN : 2087-1392
Tahun Penerbitan : 2011
Penerbit : LIPI PRESS
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