The Influence of Rupiah Exchange Rate, Interest Rate Levels, and The Composite Stock Price Index to Financial Deepening in Indonesia

Abstract

This research aims to analyze and determine the effect of the Rupiah exchange rate, interest rate, Composite Stock Price Index on financial deepening in Indonesia. This research used time series data consisting of rupiah exchange rate, interest rates, Composite stock Price Index and financial deepening in quarterly during the period of 2010-2018. This research used descriptive quantitative method. Technique of analysis in this research is descriptive qualitative. The results of this research indicate that the rupiah exchange rate, interest rate and Composite Stock Price Index have effect to financial deepening in Indonesia.

Pengaruh Inflasi, Produk Domestik Bruto dan Nilai Tukar Rupiah terhadap Indeks Harga Saham Gabungan di Bursa Efek Indonesia Periode Januari 2016 – Desember 2021

“…Berdasarkan hasil analisis pada variabel Nilai Tukar Rupiah besar probabilitasnya menunjukkan angka sebesar 0,0000 <0,05 maka dapat disimpulkan bahwa Nilai Tukar Rupiah berpengaruh signifikan dan negatif terhadap Indeks Harga Saham Gabungan sehingga hipotesis H0 ditolak dan H3 diterima. Hasil hipotesis ini sejalan dengan penelitian yang dilakukan (Pinem, 2019) (Anasthasia et al, 2019) yang menyatakan bahwa Nilai Tukar Rupiah berpengaruh signfikan dan negatif terhadap Indeks Harga saham Gabungan https://innovative.pubmedia.id/ (IHSG). Kondisi ini menunjukkan bahwa meningkatnya nilai tukar rupiah terhadap dollar (deperesiasi) akan menurunkan Indeks Harga Saham Gabungan, hal ini dikarenakan biaya produksi impor bahan baku bagi perusahaan akan menjadi mahal dan akan mempengaruhi keputusan investasi pada investor.…”

Determining Factors of Consumption in Islamic Countries in The World with Political Stability as a Moderating Variable

“…The exchange rate of the rupiah against the US dollar influences the demand for goods and services in the community (Mbate, Rozari, & Amtiran, 2019). Starting from the demand for money, Ghumro (2016) says that in consuming goods and services, the variance of the exchange rate against the demand for money in an open economy will determine consumption activities.…”