ARDL PANEL MODEL FOR MANAGING EXCHANGE RATE SYSTEMS USING POST-COVID-19 OPEN ECONOMY MODEL

Abstract

Destination from study this that is for test variable Interest Rates, Inflation, Total Money Supply, and GDP how much big in take effect to EXCHANGE variable This study aims to examine how Interest Rates, Inflation, Total Money Supply, Study this conducted against 11 countries with exchange rate strongest in the APEC countries in the world (America, Australia, Malaysia, Singapore, South Korea, Japan, China, Indonesia, Canada, Russia, and Thailand). The study includes 11 nations that have the most robust exchange rates among APEC countries globally, namely the United States, Australia, Malaysia, Singapore, South Korea, Japan, China, Indonesia, Canada, Russia, and Thailand. The ARDL Panel Analysis results show that the Leading Model Control indicators Exchange Rate System Through the Post -Covid-19 Open Economy Model,  this _ due to the results data processing, the ROE variable is variable that gives stable influence, ie _ effect on the inside period long nor period short in give influence significant to score exchange, which is assessed from level short run and long run stability in the table result. This finding stems from data processing, revealing that the ROE variable consistently impacts exchange rates, whether in the short term or long term, which is evaluated based on short-run and long-run stability as seen in the results table.