Pengaruh suku bunga, nilai tukar, dan money supply terhadap ISHG di Indonesia tahun 1993- 2023 / Hasna Nur Aini</p> - Repositori Universitas Negeri Malang

Pengaruh suku bunga, nilai tukar, dan money supply terhadap ISHG di Indonesia tahun 1993- 2023 / Hasna Nur Aini</p>

Aini, Hasna Nur (2025) Pengaruh suku bunga, nilai tukar, dan money supply terhadap ISHG di Indonesia tahun 1993- 2023 / Hasna Nur Aini</p>. Diploma thesis, Universitas Negeri Malang.

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Abstract

p This study aims to examine the impact of interest rates exchange rates and money supply (M3) on the Composite Stock Price Index (IHSG) in Indonesia using the Vector Error Correction Model (VECM) from 1993 to 2023. The findings reveal that in the long run Bank Indonesia Certificate (SBI) interest rates have a significant negative effect on IHSG where rising rates may lead to a decline in the index. Conversely the appreciation of the rupiah against the US dollar positively contributes to IHSG enhancing purchasing power and corporate profitability. Additionally money supply (M3) exhibits a positive influence on IHSG though its effects are more complex and varied. In contrast no variables show significant short-term effects on IHSG. /p

Item Type: Thesis (Diploma)
Divisions: Fakultas Ekonomi dan Bisnis (FEB) > Departemen Ekonomi Pembangunan (EKP) > S1 Ekonomi dan Studi Pembangunan
Depositing User: library UM
Date Deposited: 05 Jun 2025 04:29
Last Modified: 09 Sep 2025 03:00
URI: http://repository.um.ac.id/id/eprint/424706

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