DETERMINANTS OF ORI001 TYPE GOVERNMENT BOND
The need to build a strong bond market is amenable, especially after the 1997 crises. This paper analyzes the influence of deposit interest rate, foreign exchange rates, and Composite Stock Price Index on yield-to-maturity of Bond Series Retail ORI001, employing monthly data from Bloomberg informati...
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| Format: | Article |
| Language: | English |
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Universitas Islam Indonesia
2011-09-01
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| Series: | Economic Journal of Emerging Markets |
| Online Access: | http://uiistage.openjournaltheme.com/3310/index.php/JEP/article/view/2329 |
| _version_ | 1811211212192481280 |
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| author | Yosandi Yulius |
| author_facet | Yosandi Yulius |
| author_sort | Yosandi Yulius |
| collection | DOAJ |
| description | The need to build a strong bond market is amenable, especially after the 1997 crises. This paper analyzes the influence of deposit interest rate, foreign exchange rates, and Composite Stock Price Index on yield-to-maturity of Bond Series Retail ORI001, employing monthly data from Bloomberg information service, 2006(8) to 2008(12), using Generalized Autoregressive Conditional Heteroscedasticity type models. It finds the evidence that deposit interest rate and exchange rate have positive significant influence on the bond, and that stock index has a negative significant influence on the bond. It also finds that Deposit Interest Rate, exchange rate, and the stock index significantly influence the bond altogether.
Keywords: Interest rate, exchange rate, composite stock price index, yield-to-maturity, bond
JEL classification numbers: G12, G15
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| first_indexed | 2024-04-12T05:08:59Z |
| format | Article |
| id | doaj.art-17b825df94084dc7a00ffee96e1c3080 |
| institution | Directory Open Access Journal |
| issn | 2086-3128 2502-180X |
| language | English |
| last_indexed | 2024-04-12T05:08:59Z |
| publishDate | 2011-09-01 |
| publisher | Universitas Islam Indonesia |
| record_format | Article |
| series | Economic Journal of Emerging Markets |
| spelling | doaj.art-17b825df94084dc7a00ffee96e1c30802022-12-22T03:46:47ZengUniversitas Islam IndonesiaEconomic Journal of Emerging Markets2086-31282502-180X2011-09-0132DETERMINANTS OF ORI001 TYPE GOVERNMENT BONDYosandi YuliusThe need to build a strong bond market is amenable, especially after the 1997 crises. This paper analyzes the influence of deposit interest rate, foreign exchange rates, and Composite Stock Price Index on yield-to-maturity of Bond Series Retail ORI001, employing monthly data from Bloomberg information service, 2006(8) to 2008(12), using Generalized Autoregressive Conditional Heteroscedasticity type models. It finds the evidence that deposit interest rate and exchange rate have positive significant influence on the bond, and that stock index has a negative significant influence on the bond. It also finds that Deposit Interest Rate, exchange rate, and the stock index significantly influence the bond altogether. Keywords: Interest rate, exchange rate, composite stock price index, yield-to-maturity, bond JEL classification numbers: G12, G15 http://uiistage.openjournaltheme.com/3310/index.php/JEP/article/view/2329 |
| spellingShingle | Yosandi Yulius DETERMINANTS OF ORI001 TYPE GOVERNMENT BOND Economic Journal of Emerging Markets |
| title | DETERMINANTS OF ORI001 TYPE GOVERNMENT BOND |
| title_full | DETERMINANTS OF ORI001 TYPE GOVERNMENT BOND |
| title_fullStr | DETERMINANTS OF ORI001 TYPE GOVERNMENT BOND |
| title_full_unstemmed | DETERMINANTS OF ORI001 TYPE GOVERNMENT BOND |
| title_short | DETERMINANTS OF ORI001 TYPE GOVERNMENT BOND |
| title_sort | determinants of ori001 type government bond |
| url | http://uiistage.openjournaltheme.com/3310/index.php/JEP/article/view/2329 |
| work_keys_str_mv | AT yosandiyulius determinantsofori001typegovernmentbond |