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Contact Name
Mahrus Lutfi Adi Kurniawan
Contact Email
mahrus.kurniawan@ep.uad.ac.id
Phone
-
Journal Mail Official
optimum@uad.ac.id
Editorial Address
https://journal2.uad.ac.id/index.php/optimum/about/editorialTeam
Location
Kota yogyakarta,
Daerah istimewa yogyakarta
INDONESIA
Optimum: Jurnal Ekonomi dan Pembangunan
ISSN : 14116022     EISSN : 26139464     DOI : -
Core Subject : Economy,
The Optimum: Jurnal Ekonomi dan Pembangunan aims to publicize the results of research concerning economics and development at national, and international levels with particular emphasis on the application of quantitative and qualitative analysis.
Articles 12 Documents
Search results for , issue "Vol. 14 No. 1 (2024)" : 12 Documents clear
Market volatility on the balance of payments in ASEAN countries Andini, Nova Riza Ayu
Optimum: Jurnal Ekonomi dan Pembangunan Vol. 14 No. 1 (2024)
Publisher : Universitas Ahmad Dahlan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12928/optimum.v14i1.9577

Abstract

This research aims to determine the effect of volatility on the stock market proxied by stock indices and financial markets proxied by exchange rates on the balance of payments proxied by direct investment (FDI) in ASEAN member countries for the period 2013 to 2022. The balance of payments is a systematic record of economic transactions involving one country with another country in a certain period of time, therefore the balance of payments can be influenced by various components, one of which is the market. This research is important because the results of previous research are inconsistent and over time many economic phenomena occur that will affect a country's balance of payments. The novelty of this study lies in its particular focus on the effect of market turmoil on the balance of payments in ASEAN countries. This study used quantitative methods using secondary data. This research uses panel data analysis techniques with a Fixed Effect Model (FEM) approach. The results of this study show that partially the stock index has a significant positive effect and the exchange rate has a significant negative effect on the balance of payments. This research can provide important insights for business decision makers, governments, and international institutions to understand and respond to rapid economic developments in ASEAN.
Analysis of exchange rates in the economic uncertainty era Salim, Tiara; Soelistyo, Aris
Optimum: Jurnal Ekonomi dan Pembangunan Vol. 14 No. 1 (2024)
Publisher : Universitas Ahmad Dahlan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12928/optimum.v14i1.9750

Abstract

The exchange rate, an essential macroeconomic indicator, reflects the economy's strength. In 2023, global economic uncertainty poses a risk to the health of a country's economy, particularly impacting the exchange rate, which is crucial for global economic transactions. This study examines how exports, inflation, interest rates, GDP, and a dummy variable for economic uncertainty affect the rupiah's value against the USD. The study employs the Error Correction Model (ECM) and tests based on classical assumptions to conduct this analysis. Understanding the indicators that influence fluctuations in the rupiah exchange rate is critical in planning effective economic policies, so this research is essential to provide in-depth insight into how short-term and long-term influences on the exchange rate are affected by independent variables as well as contributing to the understanding of policy in predict exchange rates. This research concludes that exports, inflation, and GDP are the factors that dominate this research in designing policies to maintain the stability of the Rupiah currency against the USD in facing the threat of economic uncertainty. The implication of the study that government needs to strengthen exports and maintain the stability of price to control inflation.

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