Rates of Return on Stocks, Inï¬‚ation and Money Market Returns: An Indonesian Case Study, I980 â€“ 1992
AbstractThis paper examines annual rates of return on investment over 1980 - 1992 in Indonesian bank time deposits, the inter-bank money market and stocks (both domestic returns and US Dollar returns) and also risk for these instruments. The results show that most investments had negative correlation with inï¬‚ation and that USD value of investment in the JSE composite index was severely affected by the fall in value of the Rupiah. Keywords: Indonesian Rates of Return, Equity. Inï¬‚ation, Monetary Markets
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