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- Publisher
- World Scientific Publishing Company
- ISSN
- 1793-9933
- eISSN
- 1793-9941
- DOI
- 10.1142/S179399332150006X
- Publisher site
- See Article on Publisher Site
Abstract
The purpose of this study is to detect the currency crisis in Indonesia by exploring the vulnerability of macroeconomic variables. The Exchange Market Pressure Index was used to determine the crisis period by modeling the threshold value. Early indicators were determined using the signal analysis approach; therefore, the vulnerability level of each macroeconomic variable is known and used to determine the leading indicators. The result showed that the Signal Analysis and Herrera–Garcia approaches are the best detection models. Furthermore, it was concluded that the Signal Analysis approach was better in detecting crises compared to the Herrera–Garcia approach.
Journal
Journal of International Commerce, Economics and Policy – World Scientific Publishing Company
Published: Jun 22, 2021