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Keterkaitan Pasar Valuta Asing dan Saham di Indonesia dengan Beberapa Negara Mitra Utama: 1998-2009

Jurnal Ekonomi dan Pembangunan Indonesia

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Field Value
 
Title Keterkaitan Pasar Valuta Asing dan Saham di Indonesia dengan Beberapa Negara Mitra Utama: 1998-2009
 
Creator Soelistianingsih, Lana
 
Subject foreign exchange market
stock market
financial crises
market integration
market equilibrium
F31
F36
G01
G15
 
Description Using co-integration, the results show that the movement of Indonesian foreign exchange market and capital market has moved to long—run equilibrium with other currencies and indices from partner countries, while the short-run equilibrium between markets have been proved by using VECM. The Indonesian case supports portfolio balance approach introduced by Frankel. The increasing of IHSG attracts capital inflows and makes the demand for domesfic currency higher, and IDR becomes appreciation. Indonesian market has strong linkages with Asian regional markets especially with Hong Kong market, while having no relationship with US market.
 
Publisher Department of Economics-FEB UI
 
Date 2010-01-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
economic analysis
 
Format application/pdf
 
Identifier https://jepi.fe.ui.ac.id/index.php/JEPI/article/view/113
10.21002/jepi.v10i2.113
 
Source Jurnal Ekonomi dan Pembangunan Indonesia; Vol 10 No 2 (2010): Januari; 85-94
2406-9280
1411-5212
 
Language eng
 
Relation https://jepi.fe.ui.ac.id/index.php/JEPI/article/view/113/29