Abstract
This research aims to find the symmetric and asymmetric effects of exchange rate on sectoral stock price index in Indonesia. Using monthly data and non-linear autoregressive distributed lag (NARDL) approach, we find a symmetric effects of exchange rate (at the first lag) on infrastructure, mining and trading stocks price index in the short run. Otherwise, there is a symmetric effects of exchange rate (at the second lag) on finance, trade, and manufacturing stocks price index but asymmetric effects existed on infrastructure, mining and property
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