Pengaruh Indeks Harga Saham Syariah Internasional dan Variabel Makro Ekonomi Terhadap Jakarta Islamic Index

Irfan Syauqi Beik; Sri Wulan Fatmawati

Article Details

Pengaruh Indeks Harga Saham Syariah Internasional dan Variabel Makro Ekonomi Terhadap Jakarta Islamic Index

Authors:

Irfan Syauqi Beik | Sri Wulan Fatmawati

Publisher:

Faculty of Shariah and Law, UIN Syarif Hidayatullah Jakarta

Main Topics:

Religion | Economics, Econometrics & Finance | Social Sciences

Journal:

Al-Iqtishad : Jurnal Ilmu Ekonomi Syariah (Journal of Islamic Economics) Vol.6 Issue mi, pp.0-0

Document Type:

Article

Publication Date:

1/2014

Document Language:

English

Document ID (Org No.):

2001905435

pISSN:

2407-8654

Abstract:

 The Impact of International Islamic Stock Market and Macroeconomic Variables Towards Jakarta Islamic Index (JII) This research atempts to examine the impact of international Islamic stock market and macroeconomic variables towards Jakarta Islamic Index (JII). By using Vector Error Correction Model (VECM) as the method, this research utilizes time series monthly data from January 2007 to October 2012. The finding shows that JII is positively significantly affected by DJIEU, DJIMY and IPI, and it is negatively significantly affected by DJIJP, IMUS, M2 and SBIS.JII reaches its stability condition fastest when dealing with money supply shock. This study recommends: strengthening coordination between monetary authority and financial services authority, strengthening real sector of the economy, minimizing the influence of interest Rate towards Islamic financial market, and developing early warning system to anticipate financial crises. DOI:10.15408/aiq.v6i2.1228.

Article Details

Pengaruh Indeks Harga Saham Syariah Internasional dan Variabel Makro Ekonomi Terhadap Jakarta Islamic Index

Authors: Irfan Syauqi Beik | Sri Wulan Fatmawati

Publisher: Faculty of Shariah and Law, UIN Syarif Hidayatullah Jakarta

Main Topics: Religion | Economics, Econometrics & Finance | Social Sciences

Journal: Al-Iqtishad : Jurnal Ilmu Ekonomi Syariah (Journal of Islamic Economics) Vol.6 Issue mi, pp.0-0

Document Type: Article

Publication Date: 1/2014

Document Language: English

Document ID (Org No.): 2001905435

pISSN: 2407-8654

Issues

Authors:

Irfan Syauqi Beik | Sri Wulan Fatmawati

Publisher:

Faculty of Shariah and Law, UIN Syarif Hidayatullah Jakarta

Main Topics:

Religion | Economics, Econometrics & Finance | Social Sciences

Journal:

Al-Iqtishad : Jurnal Ilmu Ekonomi Syariah (Journal of Islamic Economics) Vol.6 Issue mi, pp.0-0

Document Type:

Article

Publication Date:

1/2014

Document Language:

English

Document ID (Org No.):

2001905435

pISSN:

2407-8654