The purpose of this study is 1.) To analyze the influence of foreign investment on the development of the Indonesian capital market. 2).To analyze the influence of the Exchange Rate on the Development of the Indonesian Capital Market. 3).To analyze the influence of the Interest Rate on the Development of the Indonesian Capital Market. 4).To analyze the influence of the Dow Jones Stock Market Index on the Development of the Indonesian Capital Market. 5).To analyze the influence of the Covid-19 Pandemic (dummy variable) on the Development of the Indonesian Capital Market.6). In this study, secondary data and library research were used as a technique for collecting data, using semi-annual data for the period 1990-2020. The research was processed using the EViews 11 program with the multiple linear regression method. The results of the research are known if 1.) Foreign Direct Investment has a significant and positive effect on Capital Market Development. 2.) Exchange Rates have a significant and positive influence on the Development of the Indonesian Capital Market. 3.) Interest Rates have a significant and negative effect on the Development of the Indonesian Capital Market. 4.) The Dow Jones Stock Market Index has a significant and positive effect on the Development of the Indonesian Capital Market. 5.) The Covid-19 pandemic had a significant and negative effect on the Development of the Indonesian Capital Market in the period 1990 to 2020. The results of this study are expected to contribute to policy holders regarding the role of macroeconomic variables on the development of the capital market, so that in the future it can be one of the references in conducting the policy mix so as to improve the development of the Indonesian capital market.

The motivation behind this review is to break down the advancement of the Indonesian capital market fair and square of work assimilation and per capita pay. In this review, auxiliary information and library research were utilized as a method in gathering information, utilizing semiannual information for the period 1990-2020. The examination was handled utilizing the EViews 11 program with numerous straight relapse technique. The aftereffects of the exploration show that the improvement of the Indonesian capital market emphatically affects Indonesia's monetary development through the factors of Indonesia's Labor Absorption Rate and Income per Capita during the period 1990 to 2020. The consequences of this review are relied upon to have the option to add to strategy holders in regards to the job of Capital Market Development, so that in the future more extensive comprehensiveness can be done in regards to the job of the Capital Market in the public arena, especially being able to reach up to the village level or in Village Owned Enterprises (BumDes). So that with increasing public participation in investing and seeking funding in the Capital Market, the Indonesian Capital Market can be even more advanced in the future which has implications for the creation of new jobs and an increase in per capita income.

The goal of this research is to examine the impact of Foreign Investment, Exchange Rate, Inflation, Interest Rates, Stock Index on Indonesian Capital Market Capitalization. The research was processed using the SPSS 22 program with multiple linear regression. The data used uses two types of periods, namely the period 1990-2019 and the period 1990-2020 to see the differences due to the Covid-19 Pandemic in 2020. From the results of the research, it is known that Foreign Investment, Exchange Rate and Stock Index have a significant positive effect on Indonesia's Capital Market Capitalization. for both periods. Meanwhile, Interest Rates only had a negative effect in the period 1990-2020 and Inflation had no effect on both periods.

The purpose of this study is 1.) To analyze the influence of foreign investment on the development of the Indonesian capital market. 2).To analyze the influence of the Exchange Rate on the Development of the Indonesian Capital Market. 3).To analyze the influence of the Interest Rate on the Development of the Indonesian Capital Market. 4).To analyze the influence of the Dow Jones Stock Market Index on the Development of the Indonesian Capital Market. 5).To analyze the influence of the Covid-19 Pandemic (dummy variable) on the Development of the Indonesian Capital Market.6). In this study, secondary data and library research were used as a technique for collecting data, using semi-annual data for the period 1990-2020. The research was processed using the EViews 11 program with the multiple linear regression method. The results of the research are known if 1.) Foreign Direct Investment has a significant and positive effect on Capital Market Development. 2.) Exchange Rates have a significant and positive influence on the Development of the Indonesian Capital Market. 3.) Interest Rates have a significant and negative effect on the Development of the Indonesian Capital Market. 4.) The Dow Jones Stock Market Index has a significant and positive effect on the Development of the Indonesian Capital Market. 5.) The Covid-19 pandemic had a significant and negative effect on the Development of the Indonesian Capital Market in the period 1990 to 2020. The results of this study are expected to contribute to policy holders regarding the role of macroeconomic variables on the development of the capital market, so that in the future it can be one of the references in conducting the policy mix so as to improve the development of the Indonesian capital market.