PENGARUH KURS DAN SUKU BUNGA TERHADAP INDEKS HARGA SAHAM LQ 45: PENDEKATAN KOREKSIKESALAJIAN

Heru Kurnianto Tjahjono

Abstract


The purpose of this study is o examine the influence of exchange rate, interest rate toward LQ 45 index. The research was done for the year 1997-2000 periods using monthly data. This study uses error collection models to predict the long-term effects. The results show that during the financial crisis the exchange rate was positively related to the stock price index. On the other side, interest rate was negatively related to the stock price index. For the long-term prediction, the relation between exchange rate and interest rare were negatively related to stock price index.


Keywords


Error Correction Model, exchange rate, interest rate and stock price index

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