摘要：The aim of this research is to analyze the influence of macroeconomic fundamental variables such as balance of trade, trade liberalization, difference of interest rate, interest rate, economic growth and government debt to floating exchange rate in the ASEAN countries in the period of 1990- 2005. This research use time series data collected from World Bank publication. Panel data analysis is used to analysis the regression model. The research result shows that simultaneously some variables such as balance of trade, trade liberalization, difference of interest rate, interest rate, economic growth and government debt have significant effect to exchange rate variable in ASEAN countries in the case of floating exchange rate system. On the other hand, partially, variable of balance of trade, trade liberalization and difference of interest rate have not significant influence to exchange rate variable in ASEAN in the case of floating exchange rate system, while, the variable of interest rate, economic growth, and government debt show have significant effect to exchange rate variable in ASEAN countries in the case of floating exchange rate system.
其他摘要：The aim of this research is to analyze the influence of macroeconomic fundamental variables such as balance of trade, trade liberalization, difference of interest rate, interest rate, economic growth and government debt to floating exchange rate in the ASEAN countries in the period of 1990- 2005. This research use time series data collected from World Bank publication. Panel data analysis is used to analysis the regression model. The research result shows that simultaneously some variables such as balance of trade, trade liberalization, difference of interest rate, interest rate, economic growth and government debt have significant effect to exchange rate variable in ASEAN countries in the case of floating exchange rate system. On the other hand, partially, variable of balance of trade, trade liberalization and difference of interest rate have not significant influence to exchange rate variable in ASEAN in the case of floating exchange rate system, while, the variable of interest rate, economic growth, and government debt show have significant effect to exchange rate variable in ASEAN countries in the case of floating exchange rate system.
关键词：Neraca Perdagangan; Liberalisasi Perdagangan; Perbedaan Tingkat Bunga;
Tingkat Suku Bunga; Pertumbuhan Ekonomi; Utang Pemerintah; Nilai Tukar Sistem
Mengambang Bebas; Panel Data
其他关键词：Balance of Trade; Trade Liberalization; Different Interest Rate; Interest Rate; Economic Growth; Government Debt; Floating Exchange Rate; Data Panel.
