Contagion Effect Krisis Argentina dan Turki ke Negara-Negara Asia, Benarkah Terjadi?

Setiawan, Adi; Kartiasih, Fitri

doi:10.21002/jepi.2021.05

Cited by 3 publications

(1 citation statement)

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“…Ketika harga minyak mengalami fluktuasi, dampaknya akan menyebar melintasi berbagai sektor perekonomian, salah satunya pasar saham. Pasar saham sebagai pasar terbesar yang ada dalam perekonomian dunia menunjukkan keterkaitan yang erat dengan dinamika perubahan harga minyak (Setiawan & Kartiasih, 2021). Meskipun sempat mengalami penurunan yang signifikan pada tahun 2020 dikarenakan Covid-19, pasar saham Indonesia telah mengalami pertumbuhan yang cukup pesat selama lima tahun terakhir.…”

Section: Pendahuluanunclassified

Analisis Pengaruh Harga Minyak Mentah dan Nilai Tukar terhadap Indeks Harga Saham Gabungan (IHSG) di Indonesia

Pramesthi,

Hutajulu,

Putri

et al. 2024

Jebma

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Penelitian ini dilakukan untuk menganalisis pengaruh harga minyak mentah dan nilai tukar terhadap indeks harga saham gabungan (IHSG) di Indonesia menggunakan Error Correction Model (ECM). Indonesia sebagai negara berkembang memerlukan penelitian terkait hal ini untuk mengkaji pengaruh simultan antara harga minyak dan nilai tukar terhadap kondisi pasar saham yang direpresentasikan oleh indeks harga saham gabungan. Studi ini menggunakan data bulanan harga minyak mentah, kurs nominal rupiah terhadap dolar AS, dan IHSG dari Januari 2018 sampai Oktober 2023. Hasil penelitian menunjukkan bahwa harga minyak mentah, IHSG, dan nilai tukar terbukti memiliki hubungan jangka panjang ditandai dengan adanya kointegrasi yang signifikan. Harga minyak mentah dan nilai tukar terbukti signifikan mempengaruhi indeks harga saham gabungan secara simultan, baik dalam jangka panjang maupun jangka pendek. Estimasi model jangka panjang dan jangka pendek menunjukkan bahwa IHSG secara signifikan negatif dipengaruhi oleh nilai tukar. Dibutuhkan waktu 1 bulan untuk pertumbuhan IHSG mencapai keseimbangan jangka panjang. Hasil penelitian diharapkan dapat memberikan referensi bagi investor dalam pengambilan keputusan investasi yang dilakukan. Hasil penelitian ini diharapkan memberikan gambaran kepada pemerintah tentang pentingnya variabel makroekonomi, sehingga pemerintah tidak hanya mempertimbangkan pengaruh satu variabel saja dalam membuat keputusan terkait perekonomian Indonesia. Bagi Bank Indonesia hendaknya menetapkan kebijakan moneter yang efektif dengan meminimalkan dampak buruk harga minyak dan nilai tukar terhadap indeks harga saham gabungan.

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Section: Pendahuluanunclassified

Analisis Pengaruh Harga Minyak Mentah dan Nilai Tukar terhadap Indeks Harga Saham Gabungan (IHSG) di Indonesia

Pramesthi,

Hutajulu,

Putri

et al. 2024

Jebma

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Contagion and spillover effects of global financial markets on the Indonesian Sharia Stock Index post-COVID-19

Rizqi Febriandika,

Hakimi,

Awalliyah

et al. 2023

Investment Management and Financial Innovations

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This study aims to examine the spillover and contagion effects of global financial markets on the Indonesian Sharia Stock Index (ISSI) post-COVID-19. The study uses the Vector Error Correction Model method to explore the short-term and long-term relationships between ISSI and global financial markets. The data used in this study are time series data, namely the ISSI and several other countries that have a significant influence on the global economy, which were observed from May to July 2022. The results of the study show that the USD has a positive influence on ISSI in the short and long term. At the same time, the JPY and HKD have a negative influence on ISSI. The GBP and SGD do not have a significant influence on ISSI developments. The economic, business and financial sectors began to adjust after the COVID-19 pandemic ended, including the Indonesian Sharia Stock Index. Contagion occurs from one country’s financial system to another, which is influenced by aspects of volatility, exchange rates, the global crisis, the stock market, and stock indices. It is considered that this study can help the government to adjust better conditions of Islamic stocks in Indonesia. Acknowledgment The authors would like to thank the Research and Innovation Institute (LRI), Universitas Muhammadiyah Surakarta, for the enormous financial support in writing this study through the HIT funding scheme with number 02/A.6-II/FAI/1/2022.

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The Impact of General Elections on Stock Market Volatility in Indonesia (2004–2023)

Hamdani,

Elvaretta,

Wardani

et al. 2024

JPPUMA

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Elections are events that play an important role in the economic aspects of a country. Elections create uncertainty and potentially affect investor sentiment, causing fluctuations in Indonesian stock prices. A few months before the election, stock prices in Indonesia showed a significant increase in the Indonesia Composite Stock Price Index (IHSG). This occurs due to an increase in purchasing power for campaign needs and an increase in the government budget. The ARCH/GARCH model is a relevant analysis instrument in looking at market volatility. This study forecasts the close value of IHSG in the election year 2024 and analyzes the effect of elections on stock price volatility in Indonesia. This research resulted in the best model is GARCH (1,1) with RMSE 604.74, MAE 484.27, and MAPE 13.37. The forecasting results from November 23, 2023 - February 29, 2023 tend to increase, the average increase is 0.097%, the biggest increase from the end of November to the beginning of the first week of December 2023 by 0.229%. The relationship between IHSG value and political month is positive. The regression equation shows the IHSG value in months containing political events is 743,53 greater than in non-political months.

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Contagion Effect Krisis Argentina dan Turki ke Negara-Negara Asia, Benarkah Terjadi?

Cited by 3 publications

References 0 publications

Analisis Pengaruh Harga Minyak Mentah dan Nilai Tukar terhadap Indeks Harga Saham Gabungan (IHSG) di Indonesia

Analisis Pengaruh Harga Minyak Mentah dan Nilai Tukar terhadap Indeks Harga Saham Gabungan (IHSG) di Indonesia

Contagion and spillover effects of global financial markets on the Indonesian Sharia Stock Index post-COVID-19

The Impact of General Elections on Stock Market Volatility in Indonesia (2004–2023)

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