Islamic Stock Market Volatility: Is it a Problem for Investors?

This book examines the relationship among Global Islamic Index, Regional Islamic Index, Macroeconomics Variables and Indonesia Islamic Index. The global islamic index is Dow Jones Islamic Market Index. The Regional Islamic Index is FTSE Bursa Malaysia Hijrah Shariah Index. The macroeconomics variables such as exchange rate, consumer price index, money supply and Bank Indonesia interest rate. The Indonesia Islamic Index is Jakarta Islamic Index. A cointegration test is used to find the long-run relationship among these variables, furthemore Vector Error Correction Model (VECM) were used to find any short-run relationship among these variables.

Autorentext

Susilo Nur Aji Cokro Darsono earned a Bachelor Degree in Islamic Finance at the University Muhammadiyah Yogyakarta, Indonesia in 2015. He is now completing his Master Degree at Khon Kaen University in Thailand.