International Conference on Eurasian Economies
11-13 October 2012 – Almaty, KAZAKHSTAN
Paper detail
Paper ID : 395
Status : Paper published
Language : English
Topic : Growth and Development
Presenter: Prof. Dr. Euphrasia Susy Suhendra
Session : 1A Growth & Development
Impacts of Redenomiantion on Economics Indicators
Impacts of Redenomiantion on Economics Indicators
- Prof. Dr. Euphrasia Susy Suhendra (Gunadarma University, Indonesia)
- Mrs. Sri Wayhu Handayani (Gunadarma University, Indonesia)
Abstract
The purpose of this study is to examine the impacts of redenomination on inflation, currency exchange, economic growth and export value. While decisions on redenomination and design of currencies may seem more technical than political, a government’s control and administration of its currency and transactions within its boundaries are a few examples of the hallmarks of the modern nation-state. In this study, there are 27 countries which are involved in redenominating their currencies. The datas that are analyzed are rate of inflation, exchange rate, economic growth and export value which are obtained from the World Bank. Independent sample T-test was performed to analyze the impacts of redenomination on the mentioned variables. Result of the study indicates that inflation and economic growth were affected significantly by redenomination.
JEL codes: E01, E31
Suhendra, Euphrasia Susy, Handayani, Sri Wayhu (2012). "Impacts of Redenomiantion on Economics Indicators" in Proceedings of International Conference of Eurasian Economies 2012, pp.18-22, Almaty, KAZAKHSTAN.
DOI: https://doi.org/10.36880/C03.00395
Session 1A: Growth & Development
