Skripsi
ANALISIS GLOBAL FINANCIAL CYCLE DAN CONSUMER CONFIDENCE TERHADAP MARKET CONFIDENCE: STUDI KASUS INDONESIA DAN MALAYSIA.
This study analyzes the effect of the global financial cycle and consumer confidence on market confidence in Indonesia and Malaysia. This study was conducted using the vector error correction model (VECM) method with a period of January 2019 to December 2021. The data used in this study are stock indices as proxies of market confidence, volatility index (VIX) as a proxy for the global financial cycle, consumer confidence index (CCI), federal fund rate (FFR), and domestic benchmark interest rates. The results of this comparative study show that the global financial cycle and consumer confidence have a significant effect on market confidence in the long term in Indonesia and for the variable federal fund rate (FFR) and domestic benchmark interest rates do not have a significant effect. Meanwhile, in Malaysia, the federal fund rate (FFR) and consumer confidence index (CCI) have a significant effect in the long and short term, but the global financial cycle and domestic benchmark interest rate variables do not have a significant effect on market confidence in the long and short term. In Indonesia, the global financial cycle, consumer confidence index (CCI), federal fund rate (FFR), and domestic benchmark interest rate variables do not have a significant effect on market confidence in the short term. The government needs to maintain the stability of the country's economy to maintain public confidence in market conditions. Declining public confidence indicates public concern about economic conditions and results in a decrease in the flow of funds into the market.
Inventory Code | Barcode | Call Number | Location | Status |
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2207005532 | T86282 | T862822022 | Central Library (Referens) | Available |
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