Since 2014
Monetary Policy Analysis towards Inflation and Capital Market P
Jurnal Ekonomi Malaysia
View Archive Info| Field | Value | |
| Title |
Monetary Policy Analysis towards Inflation and Capital Market P
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| Creator |
Rodoni, Ahmad
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| Description |
ABSTRAKThis research is designed to analyze the monetary policy towards inflation and capital marketperfomnce during 1998- 2004period. The objectives of this research are: first, to analyze the direct influence of interest rate,base money, and exchange rase toward inflation and also to analyze the direct influence of interest rate, base money, and exchange rate toward capital market performance. Second, fo analyze the indirect influence of interest rate, base money and exchange rate through inflation towardreturn market. Path Analysis is used as the research method. The result indicates that there have been some significant effects between interest rate, base money, and exchange rate toward inflation and return market. Indirect influence of interest rate, base money, and exchange rate toward return market through inflation arrives at 4.176%. Overall, the direct and indirect influence of macroeconomics variables toward return marketreach 22.941 %.Keywords: monetary policy, inflation, capital market perfomance and path analysis.ABSTRACTKajian ini dibentuk untuk menganalisa polisi kewangan terhadap inflasi dan prestasi pasaran modal sepanjang tempoh 1998 - 2004. Objektif kajian ini adalah: pertama,untuk menganalisa sumbangan langsung kadarfaedah, wang pokok (base money), dan kadar pertukaran terhadap inflasi dan juga terhadap prestasi pasaran modal. Kedua, adalah untuk menganalisa sumbangan tidak langsung kadar faedah, wang pokok (base money) dan kadar pertukaran melalui infasi terhadap pasaran pulangan.Analisis Path digunakan sebagai kaedah kajian. Hasil menunjukan terdapat kesan yang signifikan antara kadar faedah, wang pokok (base money) dan kadar pertukaran terhadap inflasi dan pasaran pulangan. Sumbangan yang tidak langsung bagi kadar faedah, wang pokok (basemoney) dan kadar pertukaran terhadap pasaran pulangan rnelalui inflasi pada 4.176%. Secara keseluruhan, sumbangan pembolehubah makroekonomi secara langsung dan tidak langsung terhadap pasaran pulangan mencapai 22.941 %.
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| Publisher |
Universiti Kebangsaan Malaysia
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| Date |
2012-12-05
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article — |
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| Identifier |
http://ejournal.ukm.my/jem/article/view/1628
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| Source |
Jurnal Ekonomi Malaysia; Vol 40 (2006): Jurnal Ekonomi Malaysia
0126-1962 |
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| Language |
en
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| Coverage |
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