Prosiding FMI 10 Palembang

Ossi, Ferli (2018) Prosiding FMI 10 Palembang. FMI Korwil Sumsel, Palembang. (Unpublished)

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Official URL: https://fmi.or.id/seminar-fmi-2018-palembang/

Abstract

The 1997 crisis in ASEAN countries not only attacked the financial market and the stock market but also attacked the macroeconomic fundamentals of ASEAN countries characterized by inflation and high interest rates, depreciated exchange rates and the stocks that were in recession. This results in the formation of AEC’s with the aim of improving economic stability in the ASEAN region. Since the formation of AEC, the Gross Domestic Product in ASEAN countries has increased almost doubled since 2007 (when the AEC blueprint was first adopted) until now. In 2014 GDP in ASEAN occupies the seventh largest position in the world and third in Asia.This study uses quarterly data from 2007 to 2015 and aims to examine empirically the effect of inflation, bank rate, kurs, and GDP on ASEAN equity market index. The analysis technique that been used is multiple regression separately for each country.The results of the study found that all variables had different relations and significance in each country. Inflation has a negative and significant effect on equity market indices in Malaysia, Singapore and the Philippines, whereas in Indonesia and Thailand have no significant effect. Interest rate has a positive and significant effect on equity market indices in Malaysia and Singapore, whereas in Indonesia, Phillipines, and Thailand have no significant effect. Kurs has a negative and significant effect on equity market indices in all country exclude Thailand. GDP has a positive and significant effect in all country exclude Singapore.

Item Type: Other
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HG Finance
Divisions: KODEPRODI61201#Manajemen
Depositing User: Mrs. Ossi Ferli
Date Deposited: 14 Jul 2021 04:47
Last Modified: 14 Jul 2021 04:47
URI: http://repository.ibs.ac.id/id/eprint/2806

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