Open AccessAnalisis Pengaruh Variabel Makroekonomi Terhadap IHSG Setelah Terjadinya Krisis Subprime Mortgage
Author(s) -
Riski Dian Rahmawati,
Dinar Melani Hutajulu,
Yenny Aulia Rachman
Publication year - 2020
Publication title -
journal sensi
Language(s) - English
Resource type - Journals
eISSN - 2655-5298
pISSN - 2461-1409
DOI - 10.33050/cices.v6i2.1139
Subject(s) - exchange rate , subprime mortgage crisis , economics , monetary economics , financial crisis , stock exchange , inflation (cosmology) , index (typography) , inflation rate , composite index , term (time) , stock (firearms) , econometrics , financial economics , interest rate , physics , macroeconomics , finance , geography , theoretical physics , world wide web , computer science , archaeology , quantum mechanics
In the 2008 Indonesia returned to the financial crisis driven by the US Subprime Mortgage Crisis. And this has impact on Indonesian economy, so that 2009 was a start of domestic economic recovery. The purpose of this study is to find out the long term significant influence over the inflation variables, the Exchange Rate and BI Rate for IHSG after Subrime Mortgage Crisis in the period during 2009 to 2019 on quarterly payment time. This research is a quantitative research type, with sample of 44 each variable and using ECM method. From the test, it showed that inflation variable has no effect for the Composite Stock Price Index neither at the short-term (0.7372> 0.05) has positive value (0.0117) nor at the Long-term (0.1650> 0.05) has positive value (0.177274), means linear direction for Composite Stock Price Index movement. The Exchange Rate variable was determined neither at short-term Composite Stock Price Index (0.0012 0.05) has negative value (-0.1577) means that the exchange rate has opposite direction, nor at the long-term (0.0025 <0.05) has positive value (-0.821875), means that the exchange rate has opposite direction for Composite Stock Price Index movement.