Publication Date: 2023/07/03
Abstract: This study aims to determine and prove the effects of interest rates, exchange rates, money supply, oil prices, and the Singapore stock index on the Jakarta Composite Index (JCI). The sampling technique used in this study was purposive sampling, with 75 samples selected based on the research period from August 2016 to October 2022. The data analysis method used Auto Regressive Distributed Lag (ARDL), and the data processing was performed using E Views application version 12. The results of this study indicate that interest rates, money supply, and the Singapore stock index have a positive effect on the JCI, whereas the exchange rate has a negative effect. However, there is no significance effect of oil prices on the JCI.
Keywords: Component; Exchange Rates, Interest Rates, Jakarta Composite Index, Money Supply, Oil Price, Singapura Stock Index.
DOI: https://doi.org/10.5281/zenodo.8108323
PDF: https://ijirst.demo4.arinfotech.co/assets/upload/files/IJISRT23JUN696.pdf
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