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A correlational study between the us economy and the indonesian economy after the outbreak of the financial crisis of 2008

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This study explains and provides a current international correlation structure between US major stock market index (S&P500) and the Indonesian stock market indexes (LQ45 index, Jakarta Islamic Index, Kompas100 index, and Indonesian Composite Index). The study compares the correlation coefficients of these market indices after the second quarter of 2008 until first quarter of 2009. rnOn 15th September 2008 Lehman Brothers collapsed, this tragedy ushered the US financial crisis which soon thereafter became the global financial and economic crisis. After the fall of Lehman Brothers, many financial institutions around the world was hit and some of them collapsed. The wave also hit Indonesian economy, as recorded by the IDX; the time after second quarter of year 2008 was a tough and difficult moment for Indonesian capital market. This findings of this research, shows to us that Indonesian Capital market does have a strong correlation with the US market (S&P500). In fact, correlations between all markets in the study have increased from earlier period, supporting the view that market linkages have deepen over the past decade indicating that foreign investors are still a major player in the Indonesian financial

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Availability

B00560

(wh)

Available

Detail Information

Series Title

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Call Number

560

Publisher

: Swiss German University., 2009

Collation

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Language

English

ISBN/ISSN

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Classification

NONE

Content Type

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Media Type

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Carrier Type

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Edition

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Subject(s)

IBA

Specific Detail Info

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Statement of Responsibility

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