The Impact of the Change in IDR/USD Exchange Rate on the Change in Indonesia Composite Index in Indonesia Stock Exchange

Lauw Tjun Tjun, - and Panjaitan, Farida Betniwati Br. (2019) The Impact of the Change in IDR/USD Exchange Rate on the Change in Indonesia Composite Index in Indonesia Stock Exchange. South East Asia Journal of Contemporary Business, Economics and Law, 20 (5). pp. 57-61. ISSN 2289-1560

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Abstract

This study intends to test the impact of a change in IDR/USD exchange rate on a change in Jakarta Stock Exchange (JSX) composite index and to prove a long-term balance adjustment of JSX composite index. To achieve these two purposes, error correction model is used as data analysis method. The time observation conducted is the monthly data of 2011 to 2016. The result shows two things. Firstly, the change in IDR/USD exchange rate has a significant negative impact on the change in JSX composite index. Secondly, the study is successful to prove the long-term balance adjustment of JSX composite index. JSX composite index will decrease its position next period to correct its long-term balance of error.

Item Type:	Article
Contributors:	Contribution Contributors NIDN/NIDK Email Author Lauw Tjun Tjun, - UNSPECIFIED UNSPECIFIED Author Panjaitan, Farida Betniwati Br. UNSPECIFIED UNSPECIFIED
Uncontrolled Keywords:	IDR/USD Exchange Rate, JSX Composite Index, Long-Term Balance Adjustment.
Subjects:	H Social Sciences > HF Commerce > HF5601 Accounting
Depositing User:	Perpustakaan Maranatha
Date Deposited:	14 Mar 2024 10:17
Last Modified:	14 Mar 2024 10:17
URI:	http://repository.maranatha.edu/id/eprint/32560

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