Penentu Keberhasilan Redenominasi Mata Uang: Pendekatan Historis Dan Eksperimental

Pambudi, Andika; Juanda, Bambang; Priyarsono, Dominicus Savio

doi:10.21098/bemp.v17i2.48

Cited by 7 publications

(19 citation statements)

References 9 publications

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“…Concerns of the community are quite reasonable considering that the sanering policies that are put in place make people suffer more. This supports research from Pambudi, Juanda, Priyarsono (2014), that the public did not believe that the government could control inflation after implementing redenomination, which it will not affect consumption patterns from the community. The results of a similar study by Turambi (2015), showed that redenomination and sanering as a policy of the monetary authority that was technically in nature and needed maturity and understanding from all levels of society, particularly to understand concepts and applications.…”

Section: Discussionsupporting

confidence: 78%

“…Redenomination can be understood as sanering which can cause significant economic turmoil (Prabawani, 2017). Sanering is a policy of removing zeros on currency, but the deduction is not done on the price of goods so that people's purchasing power decreases (Pambudi, Juanda, Priyarsono, 2014). This understanding influences people's perspective or perception of government policies in implementing their policies.…”

mentioning

confidence: 99%

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Analysis of Rashomon Effects on government policy regarding redenomination and sanering

Mumu¹,

Muloke²,

Maase³

2019

Jurnal Keuangan Dan Perbankan

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Redenomination can be understood as sanering which can cause significant economic turmoil. This understanding affects the way of view or public perception of government policy in implementing its policies. Differences in perception or perspective are known as Rashomon effects. The purpose of this study is to determine the effect of Rashomon effects on government policies regarding redenomination and sanering. The sample of this study consisted of 133 respondents. Samples are determined by stratified random sampling techniques and data collection using directly distributed questionnaires. The method of data analysis is a simple linear regression. The results showed that the Rashomon effect had a significantly positive effect on redenomination and sanering. The greater the difference in understanding redenomination and sanering, the greater the public's misperception in supporting government policy and will have an impact on public readiness for government policies to simplify the Rupiah value. The implication is that the government and Bank Indonesia must disseminate to the public about the redenomination and sanering policies intensively and consistently to provide clear information to the public.

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Section: Discussionsupporting

confidence: 78%

mentioning

confidence: 99%

Analysis of Rashomon Effects on government policy regarding redenomination and sanering

Mumu¹,

Muloke²,

Maase³

2019

Jurnal Keuangan Dan Perbankan

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“…Redenomination had a potential to create hyper-inflation if it was conducted in a rush and controlled by the political motives or economy (Prabawani & Prihatini, 2014). Based on the survey by Pambudi et al, (2014) the people could not believe that the government woulld be able to control inflation after redenomination. When the inflation flew high, redenomination could drop the selling price so that inflation became the important predictor of redenomination (Mosley, 2005;Pambudi et al, 2014).…”

Section: Discussionmentioning

confidence: 99%

“…Based on the survey by Pambudi et al, (2014) the people could not believe that the government woulld be able to control inflation after redenomination. When the inflation flew high, redenomination could drop the selling price so that inflation became the important predictor of redenomination (Mosley, 2005;Pambudi et al, 2014). However, to support the success of redenomination, important factors other than the low level of inflation was needed: stability of the economy, a certainty of price stability, as well as a good socialization to the people (Lianto & Suryaputra, 2012).…”

Section: Discussionmentioning

confidence: 99%

Socialization: An important factor of redenomination success in Indonesia

Prabawani¹,

Hanika²,

Riandhita³

2018

BEH

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Redenomination discourse has become a concern, again, in line with the instructions of the Indonesian President to the Finance Minister to re-socialize the program to the society. Socialization is important given the Indonesian society is geographical, demographical, and psychographic heterogeneous. The heterogeneous society is potential to have a low understanding level of what and how redenomination would be applied, while the ignorance would trigger rush and hyperinflation. Hence, a research is needed to acknowledge the people understanding about redenomination. This is a door knocking survey which involved 600 respondents in Semarang, Kudus, and Banjarnegara as representatives of Indonesian society with diverse backgrounds. The data were processed using Cramer's V Test and Crosstab. The results show that Indonesians' understanding of redenomination is low, especially the people living far from the government centers. In addition, educational factors and occupations are the main factors that determine the level of understanding on redenomination. There is an indication that the higher the education, the higher the public understanding of redenomination. Similarly, people with the Teachers/Lecturers profession, working in the formal sector, and have managerial positions, have a better understanding of redenomination, than people who are not working or working in the informal sector.

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“…Penelitian ilmiah dilakukan dengan menggunakan data historis negara lain yang telah menerapkan kebijakan tersebut. Pambudi et al (2014) membahas mengenai faktor penentu keberhasilan penerapan redenominasi menggunakan pendekatan historikal 30 negara yang telah melakukan redenominasi dan percobaan langsung. Berdasarkan percobaan langsung tersebut diperoleh kesimpulan berupa ketika inflasi tinggi, redenominasi akan meningkatkan harga penjualan barang atau jasa.…”

Section: Pendahuluanunclassified

Dampak Redenominasi Terhadap Inflasi Indonesia: Penanganan Missing Menggunakan Metode Case Deletion, Pmm, Rf Dan Bayesian

Bemi¹,

Nooraeni²

2019

IJSA

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Indonesia is the country with the third largest currency digit after Vietnam and Zimbabwe. In 2010, Indonesia conveyed a discourse on the application of rupiah redenomination, but in its implementation it was necessary to estimate the economic factors that would be affected, especially inflation, where inflation was one of the decisive indicators of the success of the redenomination policy of the currency. To estimate the impact of redenomination on inflation, Indonesia can reflect on the historical data of countries that have implemented the policy. Based on historical data, a model can be applied to Indonesia. Historical data includes macroeconomic variables and forms of government. To get a model with better precision, complete data needs to be considered. The historical missing will make the inferencing obtained invalid and important information that can be used for analysis also diminishes. The case deletion method, mean matching predictive, random forest, and bayesian linear regression can be used to handle it. The results showed that there were 38.18% missing data from total observations and the case deletion method as the best method. Then the condition of hyperinflation, economic growth, and the index of government forms significantly impacted inflation after the implementation of redenomination. So, if Indonesia applies redenomination between the period 2010-2017, with the classification accuracy of 64.71%, it is estimated that it will have a negative impact because the inflation will increase after redenomination is implemented.

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Penentu Keberhasilan Redenominasi Mata Uang: Pendekatan Historis Dan Eksperimental

Cited by 7 publications

References 9 publications

Analysis of Rashomon Effects on government policy regarding redenomination and sanering

Analysis of Rashomon Effects on government policy regarding redenomination and sanering

Socialization: An important factor of redenomination success in Indonesia

Dampak Redenominasi Terhadap Inflasi Indonesia: Penanganan Missing Menggunakan Metode Case Deletion, Pmm, Rf Dan Bayesian

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