The purpose of this study is to analyze the contribution of the exchange rate, interest rate differentials, differences in inflation rates, differences in economic growth and the composite share price index of national foreign exchange reserves. Data used in this research is secondary data...

Indonesian abstract: Studi ini mengkaji integrasi integrasi pasar saham diantara ASEAN-5 yaitu Indonesia, Malaysia, Filipina, Singapura dan Thailand plus China. Menggunakan data harian untuk tanggal 2 Januari 2003 sampai Periode 31 Desember 2009, penelitian mempekerjakan Johansen dan Juselius...