ANALISIS EFISIENSI INFORMASI PASAR VALUTA ASING GLOBAL DI EMPAT NEGARA MENGGUNAKAN UJI KOINTEGRASI

Abstract

This research is to investigate the efficiency of global foreign exchange market information, because of the condition of an efficient global foreign exchange market is very influential on global economic growth. In the end, the existence of an efficient foreign exchange market can be an indicator of the real performance of the economy of a country. The analysis technique used is the Unit Root Test Augmented Dickey Fuller and Johansen Cointegration Test using the spot rate of four countries (Indonesia, Japan, Australia, UK) to determine if there is cointegration relationship on the spot market, the four countries.