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Pengaruh Krisis Ekonomi Amerika Serikat Terhadap Bursa Saham Dan Perdagangan Indonesia

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  • Mita Nezky

Abstract

This paper analyzes the impact of the financial crisis in United States 2008 on Indonesia’s economy, by using Structural Vector Autoregressive (SVAR) model of 5 variables; Dow Jones Industrial Average, exchange rate, composite stock price index (IHSG), production index and trade tax income. The result shows that the US crisis affects the capital market in Indonesia where the Dow Jones Industrial Average plays greater role in explaining the IHSG, compared to Rupiah rate, production index and the trade income tax. In addition, the US crisis affects the volume and the trade income tax in Indonesia. These empirical results bring policy implication for Bappepam-LK as stock market regulator to intervene or to suspend the trade when the volatility exceeds the psychological threshold. It also emphasizes the necessity to diversify the export country destination and to increase the quality and the value added of Indonesian export.

Suggested Citation

  • Mita Nezky, 2013. "Pengaruh Krisis Ekonomi Amerika Serikat Terhadap Bursa Saham Dan Perdagangan Indonesia," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 15(3), pages 1-16, January.
    • Handle: RePEc:idn:journl:v:15:y:2013:i:3:p:1-16
    DOI: https://doi.org/10.21098/bemp.v15i3.69
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    Cited by:

    1. Musdholifah Musdholifah & Ulil Hartono & Yulita Wulandari, 2020. "Banking Crisis Prediction: Emerging Crisis Determinants in Indonesian Banks," International Journal of Economics and Financial Issues, Econjournals, vol. 10(2), pages 124-131.
    2. Yulita Wulandari & Musdholifah & Suhal Kusairi, 2017. "The Impact of Macroeconomic and Internal Factors on Banking Distress," International Journal of Economics and Financial Issues, Econjournals, vol. 7(3), pages 429-436.

    More about this item

    Keywords

    US Crisis; stock market; trade; SVAR;
    All these keywords.

    JEL classification:

    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation

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