ANALISIS DINAMIS FUNDAMENTAL EKONOMI MAKRO TERHADAP KINERJA PASAR MODAL INDONESIA PERIODE JAN.2003-DES.2011 (ANALISIS DENGAN PENDEKATAN ERROR CORRECTION MODEL (ECM))
| Main Authors: | , Valentinus Christiyanto, , Prof. Dr. Eduardus Tandelilin, M.B.A., |
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| Format: | Thesis NonPeerReviewed |
| Terbitan: |
[Yogyakarta] : Universitas Gadjah Mada
, 2012
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| Subjects: | |
| Online Access: |
https://repository.ugm.ac.id/99197/ http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=55480 |
Daftar Isi:
- This research aims to examine the effect of money supply (M2), exchange rate of Rupiah/US Dollar, and time deposits interest rate on stock market performance or Composite Stock Price Index (CSPI) in Indonesia. The analysis in this research using a dynamic model to be tested empirically by error correction model is modified by Domowitz and Elbadawi (D&E ECM). The research made several conclusion: first, the error correction model indicates there is short and long-run relationship