| NIM | C1K014042 |
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| Namamhs | YASMIN NABILA HATA |
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| Judul Artikel | FEDERAL RESERVE QUANTITATIVE EASING AND ITS IMPACT ON INDONESIAN STOCK MARKET |
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| Abstrak (Bhs. Indonesia) | Penelitian ini bertujuan untuk meneliti dampak dari Kebijakan Pelonggaran Kuantitatif Federal Reserve terhadap pasar saham Indonesia dengan menggunakan dasar-dasar makroekonomi sebagai alat ukur perekonomian dan kinerja indeks saham. Variabel yang digunakan adalah nilai tukar USD/ID, suku bunga Sertifikat Bank Indonesia (SBI), tingkat inflasi, produk domestik bruto (PDB), dan Indeks Harga Saham Gabungan (IHSG). Dengan menggunakan model empiris Regresi Linear Berganda, hasil analisis menunjukkan bahwa nilai tukar USD/IDR memiliki dampak negatif signifikan terhadap perubahan harga di IHSG, suku bunga SBI tidak memiliki dampak signifikan terhadap perubahan harga di IHSG, inflasi memiliki dampak positif signifikan terhadap perubahan harga di IHSG, dan PDB memiliki dampak positif signifikan terhadap perubahan harga di IHSG selama periode Pelonggaran Kuantitatif Amerika Serikat pada tahun 2008-2014. |
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| Abtrak (Bhs. Inggris) | This study is to analyze the impact of Federal Reserve Quantitative Easing on Indonesian stock market through the macroeconomic fundamentals. The proxy for macroeconomic fundamentals are USD/IDR exchange rate, certificate of Bank Indonesia (SBI) interest rate, inflation rate, gross domestic product (GDP) growth, and Jakarta Composite Index (JCI). By using the empirical model of Multiple Linear Regression analysis, the result shows that USD/IDR exchange rate has a negative significant effect towards the JCI price movement, Certificate of Bank Indonesia (SBI) interest rate has no significant effect towards the JCI price movement during, Inflation has a positive significant effect towards the JCI performance, and Gross Domestic Product (GDP) has a positive effect towards the JCI price movement during the period of U.S. quantitative easing in 2008-2014 |
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| Kata kunci | Federal Reserve Quantitative Easing; Macroeconomic Fundamentals; Jakarta Composite Index; Spillovers Effect; Multiple Linear Regression. |
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| Pembimbing 1 | Dr. Ade Banani, MMS. |
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| Pembimbing 2 | Ekaningtyas Widiastuti, SE., M.Si. |
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| Pembimbing 3 | Dr. Rio Dhani Laksana, SE., M.Sc. |
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| Tahun | 2018 |
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| Jumlah Halaman | 6 |
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| Tgl. Entri | 2018-08-20 00:09:53.903114 |
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