THE GRANGER CAUSALITY EFFECTS OF FOREIGN MONETARY POLICIES AND WORLD OIL PRIC…

This study aims to examine whether or not there is Granger causality effect of foreign monetary policies which represented by the devaluation of China Yuan (CHY) and increase of FED funds target rate also the world oil price to domestic exchange rate which represented by Indonesia Rupiah (IDR). The research will use daily frequency data and divided into 3 (three) timeframe according to each hyp…