scholarly journals Pengaruh Suku Bunga, Nilai Tukar Rupiah, Inflasi Dan Harga Minyak Dunia Terhadap Ihsg Di Bei

2019 ◽  
Vol 2 (3) ◽  
Author(s):  
Reagan Wijaya Sumitra
Keyword(s):  
Exchange Rates ◽  
Crude Oil ◽  
Interest Rates ◽  
Price Index ◽  
Secondary Data ◽  
Sampling Technique ◽  
Oil Price ◽  
Share Price ◽  
Crude Oil Price ◽  
Negative Effect

This research is to analyze the influence of macroeconomic towards composite share price index in Indonesia. This research is an explanatory research with quantitative paradigm. This research is using secondary data and the sample determined by full sampling technique based on time series date that has been accessed on official website of Bank Indonesia and finance yahoo year 2013 to 2017 which is consist of 60 samples. This research used multiple linier regression analysis. Based on classic assumption test, the datas in this research has been comply the assumption. Based on the multiple linier regression test, exchange rates and crude oil price has positive effect, whereas the inflation and interest rates has negative effect on composite share price index. Based on R2 test, 73,3 %  of composite share price index influenced by interest rates, exchange rates, inflation and crude oil price. Based on F test, macro economic factors simultantly influence composite share price index. Based on t test, interest rates and exchange rates has a significant effect on composite share price index, whereas the inflation and crude oil price did not have significant effect on composite share price index.

scholarly journals Investigation of Global Crude Oil Price Shocks verses Exchange Rates Nexus: Evidenced from Tanzanian Shillings

2020 ◽  
pp. 16-29
Author(s):  
Suma Mwankemwa ◽  
Isack Kibona ◽  
Aziza M. Said
Keyword(s):  
Exchange Rates ◽  
Crude Oil ◽  
Oil Prices ◽  
Oil Price ◽  
Series Data ◽  
Oil Price Shocks ◽  
Crude Oil Price ◽  
Price Shocks ◽  
Crude Oil Prices ◽  
Negative Effect

This study investigated the nexus of crude oil price shocks and exchange rates of Tanzanian shillings (TSh) as an oil importing country. Using weekly series data for the period 01/01/2005 to 31/12/2015, Vector Autoregressive (VAR) model was employed to test the relationship of crude oil prices and Tanzanian exchange rates. In addition, Granger Causality was tested to check the causality of these two variables. The findings of this study show that oil prices granger causes the exchange rate of TSh while exchange rates of TSh cannot Granger cause the oil prices. Also, the impulse response functions revealed that crude oil price shocks initially had a significant negative effect on TSh, however, there was a slightly negative effect on crude oil starting from TSh as a granger causer. VAR results showed that all the coefficients of TSh do not significantly influence crude oil prices. Crude oil price coefficients had a negative significance towards explaining the variability of Tanzanian shillings’ exchange rates (TZS).This revealed that a change in oil prices would precede changes in TSh movements.

scholarly journals RELATIONAL STUDY BETWEEN MACROECONOMIC VARIABLES AND GOLD PRICE: LATEST MALAYSIAN EVIDENCE

2020 ◽  
Vol 2 (6) ◽  
pp. 01-09
Author(s):  
Mohamad Azwan Md Isa ◽  
Ruziah A Latif ◽  
Ferri Nasrul ◽  
Zaibedah Zaharum ◽  
Mohd Khairul Ariff Noh
Keyword(s):  
Crude Oil ◽  
Interest Rates ◽  
Pearson Correlation ◽  
Gold Price ◽  
Oil Price ◽  
Crude Oil Price ◽  
Macroeconomic Variables ◽  
Inflation Rates ◽  
Negative Effect ◽  
The Interest Rate

Gold is one of the world-leading commodities, which is sought after as jewellery as well as an investment. Despite gold advantage as a reliable store of value, its price has been as fluctuating as other commodities or assets such as crude oil and stock. Therefore, investors should be aware that gold is not totally resistant to market turmoil and economic crisis. Gold could be as vulnerable as other traditional investment vehicles. Hence, this paper focuses on investigating the macroeconomic variables affecting gold prices in Malaysia using monthly data from 2014 to 2018. This study uses Pearson Correlation and Multiple Linear Regression tests to determine significant relationships and effects between the independent variables, namely interest rates, inflation rates, crude oil price, and exchange rates with the dependent variable, namely gold price. The findings show that the interest rate has a significant negative effect on gold price while inflation rate, crude oil price, and exchange rate have a significant positive effect on gold price in Malaysia, respectively. The results suggest valuable information and insight to policymakers, researchers, and investors in decision making.

Crude Oil Price and Food Security Related Variables in Malaysia

2016 ◽  
Vol 4 (2) ◽  
pp. 17-21
Author(s):  
Shri Dewi Applanaidu ◽  
Mukhriz Izraf Azman Aziz
Keyword(s):  
Food Security ◽  
Crude Oil ◽  
Price Index ◽  
Price Volatility ◽  
Food Price ◽  
Oil Price ◽  
Crude Oil Price ◽  
Price Changes ◽  
Oil Price Volatility ◽  
Crude Oil Prices

Objective - This study analyzes the dynamic relationship between crude oil price and food security related variables (crude palm oil price, exchange rate, food import, food price index, food production index, income per capita and government development expenditure) in Malaysia using a Vector Auto Regressive (VAR) model. Methodology/Technique - The data covered the period of 1980-2014. Impulse response functions (IRFs) was applied to examine what will be the results of crude oil price changes to the variables in the model. To explore the impact of variation in crude oil prices on the selected food security related variables forecast error variance decomposition (VDC) was employed. Findings - Findings from IRFs suggest there are positive effects of oil price changes on food import and food price index. The VDC analyses suggest that crude oil price changes have relatively largest impact on real crude palm oil price, food import and food price index. This study would suggest to revisiting the formulation of food price policy by including appropriate weight of crude oil price volatility. In terms of crude oil palm price determination, the volatility of crude oil prices should be taken into account. Overdependence on food imports also needs to be reduced. Novelty - As the largest response of crude oil price volatility on related food security variables food vouchers can be implemented. Food vouchers have advantages compared to direct cash transfers since it can be targeted and can be restricted to certain types of products and group of people. Hence, it can act as a better aid compared cash transfers. Type of Paper - Empirical Keywords: Crude oil price, Food security related variables, IRF, VAR, VDC

scholarly journals PENGARUH NILAI TUKAR DAN HARGA MINYAK MENTAH DUNIA TERHADAP RETURN SAHAM PT. INDOMOBIL SUKSES INTERNASIONAL TBK. DAN PT. ASTRA INTERNASIONAL TBK. TAHUN 2006-2016

2017 ◽  
Vol 1 (2) ◽  
pp. 61
Author(s):  
Arif Fadlilah ◽  
Sri Hermuningsih
Keyword(s):  
Exchange Rates ◽  
Crude Oil ◽  
Stock Prices ◽  
Stock Return ◽  
T Test ◽  
Oil Price ◽  
Crude Oils ◽  
Crude Oil Price ◽  
F Test ◽  
Crude Oil Prices

This research is meant to find out the influence of exchange rates and crude oil price either simultaneous or partial to the stock return at PT. Indomobil Sukses Internasional Tbk. and PT Astra Internasional Tbk. The data which is applied in this research is the automotive companies’ stock prices, Rupiah exchange rates, and crude oil price from 2006 to 2016. The multiple linear regressions are applied as the analysis technique by carrying out F test and t test. Based on the F test it is found that simultaneously the rupiah exchange rates and crude oil prices have influence to the stock return. Based on the t test it is found that partially the rupiah exchange rates have no influence to PT. Indomobil Sukses Internasional Tbk stock return but have influence to PT. Astra Internasional Tbk stock return and crude oils prices have influence to stock return. t test indicates the dominant influence to the stock return PT. Indomobil Sukses International Tbk is crude oils variable and stock return PT. Astra International Tbk is exchange rates variable

Protocol to Assess the Impact of Crude Oil Price Fluctuations on Future Asphalt Prices

2021 ◽  
pp. 036119812199207
Author(s):  
Kaylyn M. Cardinal ◽  
Mohamed Khalafalla ◽  
Jorge Rueda-Benavides
Keyword(s):  
Crude Oil ◽  
Price Index ◽  
Oil Price ◽  
Crude Oil Price ◽  
Statistical Process ◽  
Economic Implications ◽  
Price Fluctuations ◽  
Time Gap ◽  
The Impact ◽  
The Relationship

It is clear for the transportation industry that asphalt prices are heavily affected by changes in the crude oil market. This occurs because asphalt is a byproduct of the process of refining crude oil. However, there is still a lack of research on assessing the economic implications of this relationship. This paper assesses those implications through an innovative statistical process designed to quantify the economic correlation between asphalt and crude oil price fluctuations in Alabama. The proposed statistical process is used in this paper to model the relationship between the Alabama Department of Transportation’s (ALDOT’s) monthly asphalt price index and a national crude oil index published by the US Energy Information Administration. The process quantifies the relationship between these two commodities in relation to two metrics: (1) the time gap between an observed change in the crude oil index and its corresponding impact on the asphalt price index and (2) the magnitude of that impact. It was found that the most likely time gap between crude oil and asphalt price fluctuations in Alabama is 3 months, with a change ratio of 0.58. This means that a 1% increase in the price of crude oil would most likely affect the Alabama asphalt market 3 months later with a price increase of about 0.58%. Recognizing that these are just average values, the paper also presents a risk assessment tool that provides ALDOT with the probability of occurrence of different scenarios taking into consideration the observed variability in time gaps and change ratios.

scholarly journals The Effects of Inflation, Interest Rates and Exchange Rates on Composite Stock Price Index During the Covid-19 Pandemic

2021 ◽  
Vol 5 (2) ◽  
pp. 77-85
Author(s):  
Ifa Nurmasari ◽  
Siti Nur'aidawati
Keyword(s):  
Exchange Rates ◽  
Interest Rates ◽  
Stock Price ◽  
Research Method ◽  
Price Index ◽  
Hypothesis Test ◽  
Secondary Data ◽  
The World ◽  
Stock Price Index ◽  
Quantitative Descriptive

The COVID-19 pandemic that hit Indonesia and even the world, caused changes in various sectors and decline in the Indonesian economy. To improve the economy, it is necessary to increase investment. This research aims to find out how the influence of inflation, bank interest rates and currency rates on Composite Stock Price Index both partially and simultaneously at the time of the covid-19 pandemic. The research method used in this study is quantitative descriptive, which discusses the problems faced that describe the state of a country expressed in numbers. The data used in this study is secondary data. It was taken during the covid-19 period from March 2020 to July 2021. The analytical methods are used multiple linear regression, classical assumption test, hypothesis test, and determination coefficient test. The novelty of this research is to use macroeconomic data during the COVID-19 pandemic. The results showed that simultaneously, inflation, bank interest rates, and currency rates had a significant effect on Composite Stock Price Index. Inflation, bank interest rates, and currency rates exert a 94.9% effect on Composite Stock Price Index. The remaining 5.1% was affected by other factors not used in the study. Partially, inflation is positive and significant to Composite Stock Price Index. Bank interest rates and currency rates negatively and significantly affect Composite Stock Price Index.  

scholarly journals Crude Oil Price and Exchange Rates - The Case of Malaysia and Brunei

2019 ◽  
Vol 10 (5) ◽  
pp. 1
Author(s):  
Abdul Razak Abdul Hadi ◽  
Hafezali Iqbal Hussain ◽  
Zalina Zainudin ◽  
Raja Rehan
Keyword(s):  
Exchange Rates ◽  
Crude Oil ◽  
Debt Crisis ◽  
Oil Price ◽  
Crude Oil Price ◽  
Equilibrium Relationship ◽  
National Currencies ◽  
Short Run ◽  
Data Points ◽  
Dynamic Relationships

This study is driven by the motivation to investigate the impacts crude oil price fluctuations on Malaysian and Brunei exchange rates as proxied by RM/USD and BD/USD respectively. Even though there is no specific economic theories that can help explain the interaction between commodity and foreign exchange markets, the study is research-worthy as both Malaysia and Brunei are major oil-exporting countries in South East Asia. This study is considered quite extensive involving 370 data points spanning from January 1988 till October 2018. Using Engle-Granger 2-Step Cointegration Test (1987) as an estimation tool, the empirical results show the presence of long-term equilibrium relationship between the two national currencies and crude oil price. Interestingly, there is also a significant short-run causality between them in both countries. With respect to the short-run dynamics, there is a unidirectional causality running from crude oil price to the two exchange rates. The study also posits that RM is less prone to changes in crude oil price during the period before Asian Debt Crisis in 1997. After the removal of RM peg in June 2005, RM is found to be more sensitive towards changes in crude oil price over short haul. In summary, the significant equilibrium and dynamic relationships between the national currencies and crude oil price are therefore confirmed and perhaps the quotation of crude oil price in USD could be one of the explanations.

scholarly journals Effect of Composite Stock Price Index, Exchange Rate and Interest Rate Share Price of Mining Companies Listed in Indonesia Stock Exchange

2017 ◽  
Author(s):  
Imaduddin Murdifin ◽  
Suriyanti Andi Mangkona
Keyword(s):  
Exchange Rate ◽  
Interest Rates ◽  
Stock Prices ◽  
Stock Price ◽  
Price Index ◽  
Stock Exchange ◽  
Secondary Data ◽  
Share Price ◽  
Mining Companies ◽  
Stock Price Index

This study aimed to examine the effect of Composite Stock Price Index (Composite Stock Price Index (CSPI)), the exchange rate, and interest rates on stock prices of mining companies listed in Indonesia stock Exchange. This research is associative with quantitative approach. Data were analyzed using panel data regression. The data used is secondary data such as financial data, and the percentage of monthly interest rates over the last three years. The collection of data taken with documentation techniques derived from published reports of Bank Indonesia and the Indonesia Stock Exchange. Sampling was done by purposive sampling with the number nine companies. The results showed that the CSPI and interest rates but not significant positive effect on stock prices. The rupiah exchange rate and significant negative effect on stock prices. Simultaneously the composite stock price index, the rupiah exchange rate, and interest rates have a significant effect on stock prices of mining companies listed on the Indonesia Stock Exchange

scholarly journals Analisis Pengaruh Variabel-Variabel Makro Ekonomi Terhadap Jakarta Islamic Indeks (JII) Periode 2007-2015

2017 ◽  
Vol 4 (6) ◽  
pp. 449
Author(s):  
Nining Khoirun Nisa ◽  
Raditya Sukmana
Keyword(s):  
Exchange Rates ◽  
Interest Rates ◽  
Foreign Exchange ◽  
Stock Price ◽  
Price Index ◽  
Sampling Technique ◽  
Foreign Exchange Rates ◽  
Production Index ◽  
Macroeconomic Indicators ◽  
Stock Price Index

Based on this, researchers are interested to know and analyze the effect of macroeconomic indicators consisting of Inflation, Interest Rate, Foreign Exchange and Production Index on Stock Price Index of the Jakarta Islamic Index (JII). This study uses a quantitative approach. The sampling technique used is the technique of sampling nonprobabilitas. The type of data in this study of time series data.The results of this study indicate that inflation and interest rates significantly affect the stock price index Jakarta Islamic Index (JII). Foreign exchange rates and the production index did not significantly affect the stock price index Jakarta Islamic Index (JII).

scholarly journals A study on economic factors affecting credit ratings of Indian companies

2019 ◽  
Vol 16 (2) ◽  
pp. 326-335
Author(s):  
Rajesh Mamilla ◽  
Mehul Mehta ◽  
Abhijay Shukla ◽  
Piyush Agarwal
Keyword(s):  
Exchange Rates ◽  
Crude Oil ◽  
Industrial Production ◽  
Credit Rating ◽  
Oil Price ◽  
Economic Factors ◽  
Crude Oil Price ◽  
Factors Affecting ◽  
Independent Variables ◽  
The Impact

The objective of the research carried out is to understand the impact of selected economic variables (such as Crude Oil Price, GDP, Industrial Production, Exchange Rates, and Inflation) on credit rating of Indian companies.The sample comprises of 120 rating observations during the period 2012–2016 for a total of 24 companies of India.Measurement of central tendency – descriptive statistics is used where credit rating is used as dependent variable and five economic factors viz. Crude Oil Price, GDP, Industrial Production, Exchange Rates, and Inflation as the independent variables. Results from the analysis indicate that the credit rating responds in both linear, as well as nonlinear manner, to selected economic factors. Economic factors such as GDP, Industrial Production, and Exchange Rates have a linear relationship to credit rating, whereas Crude Oil price and Inflation have a non-linear impact upon the credit rating.

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