Record Details

PENGARUH VARIABEL MONETER TERHADAP INDEKS HARGA SAHAM SEKTOR KEUANGAN DI INDONESIA: ERROR CORRECTION MODEL

Economic Journal of Emerging Markets

View Archive Info
 
 
Field Value
 
Title PENGARUH VARIABEL MONETER TERHADAP INDEKS HARGA SAHAM SEKTOR KEUANGAN DI INDONESIA: ERROR CORRECTION MODEL
 
Creator Hardianto, Florentinus Nugro
 
Description The aim of this research is to analyse the effect of monetary variables on financial sector composite index in Indonesia by using error correction model for 1997:1-2006:4 period. The result of cointegration test shows that there is a long-run or equilibrium relationship between financial sector composite index and monetary variables such as deposit interest rate, SIBOR interest rate, exchange rate, and economic growth. Both short-term and long-term, financial sector composite index are influenced by exchange rate significantly. Implication of this research is that exchange rate stabilization policy can affect Indonesian capital market growth, especially in financial sector.Keywords: financial sector composite index, monetary variable, error correction model
 
Publisher Universitas Islam Indonesia
 
Contributor —
 
Date 2011-03-17
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://journal.uii.ac.id/index.php/JEP/article/view/1999
 
Source Economic Journal of Emerging Markets; Vol 13, No 3 (2008)
2502-180X
2086-3128
 
Language eng
 
Relation http://journal.uii.ac.id/index.php/JEP/article/view/1999/1755