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Monetary Policy Transmission : Does Maintain the Price and Poverty Stability is Effective? Novalina, Ade; Rusiadi, Rusiadi
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 11, No 1 (2018): March 2018
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v11i1.12652

Abstract

This study analyzes the effectiveness of monetary policy transmission of emerging market countries, both short and long-term in maintaining economic stability and reducing poverty. The main problem in this paper is that monetary transmission is incapable of controlling the economy and reducing poverty. There are five countries selected such as India, Brazil, China, Russia, and Indonesia. Long-term prediction analysis using Vector Auto Regression (VAR) model is performed to predict five emerging market countries using Regression Panel. It results suggest that monetary policy transmission affecting the number of poor people should be controlled in three stages. In the short-term, the transmission of export variables and inflation controls the number of poor people. In the medium-term, the control of the number of poor people uses variables of inflation and exports while in the long-term uses exports and Gross Domestic Product (GDP). Overall, all economic variables of emerging market countries are greatly influenced by the fluctuations of each country's exports, then by food price stability as measured by food price inflation. The result of regression panel analysis is known that the factor that most influence the poor people in emerging market country is GDP. Exports also affect poor people such as Indonesia, China, and Russia. Inflation also causes poor people like India and Brazil. The countries that have the most impact on economic fluctuations on the number of poor people are India, Indonesia, China, Brazil, and Russia.
Long-Term Simultanity Model Of Indonesian Financial Company Value And Debt Policy Rahmat Hidayat; Rusiadi; Anwar Sanusi; Rahmat Sembiring
International Journal of Science, Technology & Management Vol. 2 No. 5 (2021): September 2021
Publisher : Publisher Cv. Inara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46729/ijstm.v2i5.307

Abstract

Competition in financial companies makes each company increasingly improve its performance so that its goals can still be achieved. The main goal of a company is to get profits, to achieve these goals, management is required to make good planning. Likewise, management in a financial company has a goal, where the Debt Policy and Company Value will affect the company's management in achieving profits. This study aims to analyze as much as possible the effectiveness of profitability, dividend payout ratio, asset structure, Free Cash Flow, company size and sales growth and have an influence on the Debt Policy and Company Value. In this study, researchers used the OLS (Ordinary Least Square) method, the Panel Regression method and the Simultaneous / 2SLS method (Two Stage Least Square). Which aims to analyze the influence of independent variables on the dependent variables both separately and jointly and also see the influence of variables in the short and medium term.
Formulation Of Blue Ocean Strategy Developing A Bamboo Small Business In Binjai City Samrin; Hasrul Azwar Hasibuan; Rahmat Hidayat; Rusiadi
International Journal of Science, Technology & Management Vol. 2 No. 5 (2021): September 2021
Publisher : Publisher Cv. Inara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46729/ijstm.v2i5.319

Abstract

The research objective is to analyze the Blue Oceans Strategy method approach to improve strategy development for the Small and Medium Bamboo Industry in Binjai City. Woven crafts are one of the most abundant businesses in the SME sector, both rattan and bamboo handicrafts have dominated the activities of SMEs in Binjai City. The woven crafts are spread in 5 (five) sub-districts in Binjai City. Their business has grown more than 15 years ago, they have participated in many exhibitions or workshops outside the city to national. The fluctuating development of woven crafts is due to the large demand for woven bamboo and rattan goods. The data processing and analysis method used was through a post-positivism research approach, namely qualitative research. The method of analysis in this study uses a Structural Equation Modeling (SEM) approach, in forming a strategy for developing SMEs and Bamboo cooperatives with the ocean strategy and blue ocean strategy models in Binjai City. The competitive strategy used by the Small and Medium Shell Industry in Binjai City at this time is to identify competitive factors in the industry which consist of product uniqueness, a touch of art, done in detail, proximity to sources of raw materials, strategic location, availability of labor, Creativity, Prices are not fixed on market prices, Can be used as souvenirs, Skills and skills of employees, Attractiveness and impact after participating in exhibitions, Sensitivity to market choices, Organizational commitment, Work environment, Availability of online order facilities, Experience and managerial skills, Product orders completed on time.
Changes In The Financial System Stability Of Asean Founder Countries Due To Covid-19 Rusiadi; Anwar Sanusi; Ade Novalina; Milenia M Tafonao; Audre Aprillia
International Journal of Science, Technology & Management Vol. 2 No. 5 (2021): September 2021
Publisher : Publisher Cv. Inara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46729/ijstm.v2i5.334

Abstract

The threat of the spread of coronavirus to economic growth and inflation in countries in the world will also seep into the global and domestic macrofinancial sector. This research was conducted to analyze how the level of change in the stability of the financial system of ASEAN Founders (ASEFO) with the emergence of the covid 19 pandemic. This study used secondary data (time series) in asefo countries. The model used is a different test model paired sample t-test. The results of the analysis showed that the Covid 19 pandemic had a significant effect on the stability of the financial system with the ASEFO State NPL indicator.
Kemampuan Panel ARDL Memprediksi Ketahanan Fundamental Ekonomi Negara Muslim Emerging Market Rusiadi Rusiadi
Ekonomikawan: Jurnal Ilmu Ekonomi dan Studi Pembangunan Vol 19, No 1 (2019)
Publisher : UNIVERSITAS MUHAMMADIYAH SUMATERA UTARA

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (448.691 KB) | DOI: 10.30596/ekonomikawan.v19i1.3243

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Tujuan penelitian membahas masalah penurunan ketahanan fundamental ekonomi negara Muslim Emerging Matket, baik jangka pendek maupun jangka panjang. Analisis data memakai Panel ARDL. Hasil penelitian menyimpulkan secara panel ternyata jumlah uang beredar menjadi leading indicator untuk pengendalian negara Indonesia, Bangladesh, Malaysia, Pakistan dan UEA, Arab Saudi, Turkey. Posisinya stabil dalam short run dan long run. Leading indicator utama efektivitas variabel dalam pengendalian ketahanan fundamental ekonomi negara emerging market Muslim yaitu investasi dilihat dari stabilitas short run dan long run, dimana jumlah uang beredar signifikan mengendalikan ketahanan fundamental ekonomi.
Kemampuan Keynesian Balance Of Payment Theory Dan Monetary Approach Balance Of Payment Mendeteksi Keseimbangan Neraca Perdagangan Indonesia Rusiadi Rusiadi; Ade Novalina
Ekonomikawan: Jurnal Ilmu Ekonomi dan Studi Pembangunan Vol 17, No 1 (2017)
Publisher : UNIVERSITAS MUHAMMADIYAH SUMATERA UTARA

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (165.982 KB) | DOI: 10.30596/ekonomikawan.v17i1.1171

Abstract

Penelitian ini menganalisis pengaruh secara simultankurs, inflasi, tingkat suku bunga, PDB dan kredit domestik berpengaruh secara simultan terhadap cadangan devisa.Menganalisis pengaruh secara simultan kurs, ekspor, cadangan devisa dan tingkat suku bunga berpengaruh secara simultan terhadap inflasi.Menganalisis efektivitas teori keynesian dan monetaris terhadap cadangan devisa di Indonesia. Data penelitian selama 15 tahun yaitu dari tahun 2001 sampai dengan tahun 2015. Analisis data menggunakan analisis simultan. Hasil penelitian menunjukkan bahwa secara simultan cadangan devisa sangat dipengaruhi oleh kurs dan kredit domestik. Sedangkan analisis simultan untuk inflasi menghasilkan pengaruh yang signifikan variabel ekspor dan cadangan devisa.
Deteksi Fluktuasi Harga Saham di Lima Negara ASEAN Dewi Mahrani Rangkuty; Rusiadi Rusiadi; Saor Menanti Dolok Saribu
Ekonomikawan: Jurnal Ilmu Ekonomi dan Studi Pembangunan Vol 20, No 2 (2020)
Publisher : UNIVERSITAS MUHAMMADIYAH SUMATERA UTARA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30596/ekonomikawan.v20i2.4426

Abstract

This research aims to see which variables, namely inflation, exchange rates, money supply, interest rates, and net exports, affect long-term combined share price fluctuations in five ASEAN countries, namely Indonesia, Malaysia, the Philippines, Singapore, and Thailand. Monetary policies of governments in countries have an important impact on how these countries manage their capital markets. This study uses secondary or time-series data from 1998 to 2018. With ARDL Panel, the result shows that in a panel variable the exchange rate is a leading indicator in ASEAN countries (Indonesia, Malaysia, the Philippines, Singapore, and Thailand) but its position is not stable in the short run. Based on the overall results it is known that what is significant in the long term affects the fluctuation of the composite stock price index in ASEAN is the net export in the short term the exchange rate is significant in influencing the composite stock price index.
Prediksi Jangka Panjang Transmisi Kebijakan Moneter Melalui Jalur Kurs Negara Emerging Market Ade Novalina; Rusiadi Rusiadi
Ekonomikawan: Jurnal Ilmu Ekonomi dan Studi Pembangunan Vol 17, No 1 (2017)
Publisher : UNIVERSITAS MUHAMMADIYAH SUMATERA UTARA

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (150.269 KB) | DOI: 10.30596/ekonomikawan.v17i1.1173

Abstract

Penelitian ini bertujuan menganalisis pola efektifitas transmisi kebijakan moneter  negara emerging market dengan menganalisis model Mundell-Fleming. Menganalisis seberapa besar pengaruh pdb, kurs, investasi terhadap kestabilan inflasi negara emergingmarket. Data dianalisis berdasarkan time series tahun 2000-2016. Negara emerging market yang dipilih adalah India, Brazil, China, rusia, Indonesia. Analisis data menggunakan analisis jangka panjang Vector Autoregression, Impulse Response function dan variance decomposition. Hasil persamaan untuk ekspor  negera emerging market diketahui ekspor tahun sebelumnya sangat mempengaruhi ekspor tahun sekarang, kemudian inflasi juga mempengaruhi signifikan. Perkembangan ekonomi yang diwakili oleh inflasi dipengaruhi oleh inflasi tahun sebelumnya dan ekspor. Investasi sangat dipengaruhi oleh inflasi dan ekspor. Untuk produk domestik bruto dipengaruhi oleh inflasi dan ekspor dan untuk kurs dipengaruhi oleh inflasi dan ekspor. Hasil tersebut menunjukkan  kebijakan moneter negara-negara emerging market sangat dipengaruhi oleh inflasi dan ekspor. 
KEAKURATAN METODE CAPITAL ASSET PRICING MODEL (CAMP) DAN ARBITRAGE PRICING THEORY (APT) DALAM MEMPREDIKSI RETURN SAHAM PADA BANK PERSERO (BUMN) DI INDONESIA Rusiadi
Jurnal Abdi Ilmu Vol 10 No 2 (2017): JURNAL ILMIAH ABDI ILMU
Publisher : UNIVERSITAS PEMBANGUNAN PANCA BUDI

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (620.305 KB)

Abstract

Penelitian ini bertujuan untuk memprediksi return saham. Penelitian ini mengambil data time series daritahun 2011 sampai dengan 2015. Sampel yang digunakan seluruh Bank Persero (BUMN). Penelitian inimenggunakan pendekatan VAR dengan membandingkan antara CAPM dengan APT.Hasil penelitianmenunjukkan bahwa estimasi dengan menggunakan Vector Autoregression (VAR),Variabel lain selainvariabel itu sendiri yang paling memiliki kontribusi terbesar terhadap BETA adalah KURS. Variabel yangmemiliki kontribusi terbesar terhadap INF adalah RS. Variabel yang memiliki kontribusi terbesarterhadap JUB selain JUB itu sendiri adalah RF. Variabel yang memiliki kontribusi terbesar terhadapKURS selain KURS itu sendiri adalah JUB. Variabel yang memiliki kontribusi terbesar terhadap RFadalah KURS. Variabel yang memiliki kontribusi terbesar terhadap RS adalah JUB. Hasil uji Impulseresponse functiondiketahui bahwa stabilitas semua variabel berada pada periode ke 20 atau jangkamenengah, hal tersebut menimbulkan makna bahwa walaupun ada variabel yang jangka pendek tidakberpengaruh namun dalam jangka menengah dan jangka panjang akan saling mempengaruhi. Hasil ujiVariance Decompositiondalam jangka pendek metode CAPM (Capital Asset Pricing Model) melalui RF(Return Aset Bebas Risiko) lebih akurat dalam memprediksi return saham dari pada metode APT(Arbitrage Pricing Theory). Dalam jangka menengah metode CAPM (Capital Asset Pricing Model)melalui RF (Return Aset Bebas Risiko) lebih akurat dalam memprediksi return saham dari pada metodeAPT (Arbitrage Pricing Theory). Dalam jangka panjang metode CAPM (Capital Asset Pricing Model)juga melalui RF (Return Aset Bebas Risiko) lebih akurat dalam memprediksi return saham dari padametode APT (Arbitrage Pricing Theory). Spesifikasi model yang terbentuk dengan menggunakan Rootsof Characteristic Polynomial dan Inverse Roots of AR Characteristic Polynomial diperoleh hasil stabil,hal ini dapat ditunjukkan bahwa semua unit roots berada dalam lingkaran gambar Inverse Roots of ARCharacteristic Polynomial
COMFIRMATORY FAKTOR ANALISIS TERHADAP FLUKTUASI HARGA OBLIGASI BERBASIS FAKTOR INTERNAL DAN EKONOMI PADA PERUSAHAAN PERBANKAN INDONESIA Rusiadi
Jurnal Abdi Ilmu Vol 12 No 1 (2019): JURNAL ILMIAH ABDI ILMU
Publisher : UNIVERSITAS PEMBANGUNAN PANCA BUDI

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (229.906 KB)

Abstract

Penelitian ini bertujuan untuk mengetahui apakah tingkat suku bunga kredit, tingkat inflasi, kurs, leverage, ukuran perusahaan, profitabilitas dan debt to asset ratio berpengaruh signifikan terhadap harga obligasi pada perusahaan Perbankan Yang Terdaftar di Bursa Efek Indonesia, baik secara parsial dan simultan. Data dari penelitian ini diperoleh dari laporan keuangan perusahaan Properti Go Public yang terdaftar di Bursa Efek Indonesia. Sampel penelitian ini adalah sebanyak 18 Perusahaan Perbankan yang terdaftar di Bursa Efek Indonesia dan data dari tahun 2013 – 2017. Penentuan sampel menggunakan metode purposive sampling. Jenis data yang digunakan adalah data sekunder dengan media berupa laporan keuangan perusahaan Perbankan Yang Terdaftar di Bursa Efek Indonesia yang telah diaudit. Hasil penelitian menunjukkan bahwa tingkat inflasi dan leverage secara parsial tidak berpengaruh signifikan terhadap harga obligasi, sedangkan DAR secara parsial berpengaruh signifikan terhadap harga obligasi pada perusahaan Perbankan Yang Terdaftar di Bursa Efek Indonesia. Tingkat inflasi, leverage dan DAR secara simultan berpengaruh signifikan terhadap harga obligasi pada perusahaan Perbankan Yang Terdaftar di Bursa Efek Indonesia.
Co-Authors , Oktarini Khamilah Siregar Abdiyanto Abdiyanto Ade Novalina Ade Novalina Ahmad Fadli Aliza Adivia Anaya Rezeki Salsabila Andria Zulfa Anggun R Sulistia Anisah Siregar Anita N Hutasoit Anwar Sanusi Aslan Aslan Aslan Aslan Audre Aprillia B.M.A.S. Anaconda Bangkara Bachtiar Efendi Bachtiar Effendi Bakhtiar Efendi Bakhtiar Efendi Bhaktiar Efendi Bhaktiar Effendi Budi Rusdianto Budi Sulistiyo Nugroho Cahyo Pramono Darliansyah Darliansyah Dewi Mahrani Rangkuty Dilla Fadila Rusmawadi Diwayana Putri Nasution Diwayana Putri Nasution Dwi Aulia Putri Eco Irwansyah Endang Fatmawati Fakhrurozi Fauziah Astuti Fuji Rahmadi Hapsah Maysaroh Hasibuan, Hasrul Azwar Herman Sjahruddin Kiki Ramadhani Lia Nazliaan Nasution Lia Nazliana Nasution Lia Nazliana Nasution, Lia Nazliana Lidya Permata Sari Lucya Br. Manik M. Aga Ashari M. Ramli Marshanda Sylvia Maruf, Irma Rachmawati Milenia M Tafonao Mohammad Yusuf Muhammad Fauzan Azhmy Muhammad Fauzan Rusyidi Nst Muhammad Yusuf Nagara Bhakti Nauli Siregar Nasib Nasib Nasib, Nasib Natasya Natasya Novita Iswahyuni Nuri Rahayu Ningsih Pantun Harianja Pitri Br. Sitorus Pitriani Lubis Putri Alifa Dafina Putri Subakti Putri Valentine Rahmat Hidayat Rahmat Hidayat Rahmat Sembiring Riri Trisia Rochmat Aldy Purnomo Ronald Farel Siahaan Rosliana Rosliana Rosna B B Samrin Samrin Saor Menanti Dolok Saribu Septa Diana Nabella Silvia Silvia Suhendi Suhendi Suhendi Suhendi Syaifuddin Syaifuddin Syaifuddin Syaifuddin Tengku Syarifah Tesalonika Br Tarigan Titah Enjelina Manurung Vivi Adianti Wahyu Indah Sari Wydia Sijabat Yusnita Yusnita