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UI - Tesis Membership :: Kembali

Analisis emas sebagai safe haven di Indonesia = Analysis of gold as a safe haven in Indonesia

Bhagas Arga Saputra; Imo Gandakusuma, supervisor; Dony Abdul Chalid, examiner (Fakultas Ekonomi dan Bisnis, 2014)

 Abstrak

[ABSTRAK
Tesis ini meneliti tentang peranan emas sebagai aset yang diminati banyak orang
sebagai aset lindung (hedge) dan aset aman (safe haven) di Indonesia. Penelitian ini
akan megukur potensi emas sebagai aset lindung dan aset aman terhadap pasar
modal dan inflasi di Indonsia. Pendekatan metode menggunakan 3 buah metode
yang digunakan untuk mengukur potensi dari sebuah aset baik sebagai aset lindung
nilai ataupun sebagai aset aman yang disimpan ketika periode ekonomi buruk.
Pendekatan pertama berdasarkan pada Fischer equation dan co-integration.
Pendekatan kedua berdasarkan binary dependant variable model. Dan pendekatan
ketiga menggunakan quantile regression dan dummy variable. Hasil yang diperoleh
emas tidak bisa menjadi aset lindung nilai terhadap inflasi dalam jangka pendek
namun bisa menjadi aset lindung nilai dalam jangka panjang. Emas tidak bisa
menjadi aset lindung nilai terhadap saham bagi untuk jangka pendek maupun
panjang. Emas bisa menjadi aset aman terhadap saham, namun tidak demikian jika
dihadapkan dengan inflasi.
ABSTRACT
This thesis study about gold as an asset that favorited by many people as a
hedge asset and also safe haven asset in Indonesia. This thesis will mesasure gold
as a hedge asset and safe haven asset against inflation and stock market. This thesis
use three methods to calculate hedge or safe haven asset when the economy get
depressed. First method is based on Fischer Equation and Co-Integration, second
method using binary dependant variable model, and the third method use quantile
regression and dummy variable. The result is gold cant hedge againt inflation in the
short term but can hedge partially in the long term. Gold can?t hedge against stock
for short term and long term. Gold can act as a safe haven against stock, but not for
inflation.;This thesis study about gold as an asset that favorited by many people as a
hedge asset and also safe haven asset in Indonesia. This thesis will mesasure gold
as a hedge asset and safe haven asset against inflation and stock market. This thesis
use three methods to calculate hedge or safe haven asset when the economy get
depressed. First method is based on Fischer Equation and Co-Integration, second
method using binary dependant variable model, and the third method use quantile
regression and dummy variable. The result is gold cant hedge againt inflation in the
short term but can hedge partially in the long term. Gold can’t hedge against stock
for short term and long term. Gold can act as a safe haven against stock, but not for
inflation., This thesis study about gold as an asset that favorited by many people as a
hedge asset and also safe haven asset in Indonesia. This thesis will mesasure gold
as a hedge asset and safe haven asset against inflation and stock market. This thesis
use three methods to calculate hedge or safe haven asset when the economy get
depressed. First method is based on Fischer Equation and Co-Integration, second
method using binary dependant variable model, and the third method use quantile
regression and dummy variable. The result is gold cant hedge againt inflation in the
short term but can hedge partially in the long term. Gold can’t hedge against stock
for short term and long term. Gold can act as a safe haven against stock, but not for
inflation.]

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No. Panggil : T-Pdf
Entri utama-Nama orang :
Entri tambahan-Nama orang :
Entri tambahan-Nama badan :
Subjek :
Penerbitan : Jakarta: Fakultas Ekonomi dan Bisnis, 2014
Program Studi :
Bahasa : ind
Sumber Pengatalogan :
Tipe Konten : text
Tipe Media : computer
Tipe Carrier : online resource
Deskripsi Fisik : xv, 64 pages : illustration ; 28 cm + appendix
Naskah Ringkas :
Lembaga Pemilik : Universitas Indonesia
Lokasi : Perpustakaan UI
  • Ketersediaan
  • Ulasan
No. Panggil No. Barkod Ketersediaan
T-Pdf 15-17-157617875 TERSEDIA
Ulasan:
Tidak ada ulasan pada koleksi ini: 20390364
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