Analisis Pengaruh Nilai Tukar dan Suku Bunga terhadap IHSG di Bursa Efek Jakarta  

Oleh:

Rahayu, Theresia Puji

Jenis: Article from Journal - ilmiah nasional - tidak terakreditasi DIKTI - atma jaya
Dalam koleksi: Atma nan Jaya vol. 20 no. 1 (Jan. 2005), page 96-110.
Topik: MONETARY; monetary variables; composite price index; autoregressive
Fulltext: Theresia Puji Rahayu.pdf (104.99KB)

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: AA48.14 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada	Lihat Detail Induk
Perpustakaan PKPM Nomor Panggil: A66 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada	Lihat Detail Induk

Isi artikel

This study is intended to find out the significant impact of monetary avriables such as exchange rate and domestic interest rate on financial market performance indicator, the composite price index in Jakarta Stock Exchange. In addition, it tests the adaptive behaviour within investor behaviour in Jakarta Stock Exchange market with autoregressive model (Partial Adjusment Model). The investor uses the past information to make an optimal decision in the present which needs a time lag. Empirically, there is a significant impact of the interest rate on composite price index, but not of the exchange rate in the short run. in the long run, there is a tendency of time lag that the present composite price index will be influenced by the independent variable for 4.6 period (months).

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