Investasi Safe Haven: Dampak Perang Rusia - Ukraina

Authors

  • Agustina Agustina Universitas Mikroskil
  • Andreani Caroline Barus Universitas Mikroskil

DOI:

10.33395/owner.v7i3.1523

Keywords:

Criptocurrency, Investment, Russia-Ukraine War, Safe haven, Stock market

Abstract

This research was conducted to determine the impact of the crisis caused by Russia and Ukraine on the condition of various war instrument investments, such as the stock market represented by the JCI and the Nasdaq Index, world gold prices, crypto assets such as bitcoin, Ethereum, ripple as well as against the US dollar. From these results, it is hoped that later the most stable investment instrument can be found when there is a crisis shock, so that it can provide input to investors to be able to make the safest investment. The study was conducted testing the difference between pre- and post-war conditions of Russia-Ukraine. The test uses a Wilcoxon test that is adjusted to the normality test results. Based on the tests carried out, it shows that there is a difference between the Stock Market (JCI); Stock Market (NASDAQ); Dollars; Crypto (Bitcoin); Crypto (Ethereum); Crypto (Ripple); World Gold before (Pre) with after (Post) Russia-Ukraine War.

Downloads

Download data is not yet available.

        Plum-X Analityc

References

Adiputri, B. L., & Robiyanto. (2021). Oil, Exchange Rate, and Dollar Index AS Safe haven in The Period Defore and During Covid-19 Pandemic: Examination in Indonesian Capital Market. Jurnal Bisnis STRATEGI, 30(1), 12-25.

Alhonita, Y. (2022, Mach 23). Failure of Gold, Bitcoin and Ethereum as Safe Havens During the Ukraine-Russia War. p. https://dx.doi.org/10.2139/ssrn.4064708.

Anggoro, F. B. (2022, 2 25). Harga Emas Antam dan Dunia Melambung di Tengah 'Perang' Rusia-Ukraina. Retrieved 2 26, 2022, from https://www.cnnindonesia.com/ekonomi/20220224204611-92-763787/harga-emas-antam-dan-dunia-melambung-di-tengah-perang-rusia-ukraina

Beneki, C., Koulis, A., Kyriazis, N., & Papadamou, S. (2019). Investigating Volatility Transmission and Hedging Properties Between Bitcoin and Ethereum. Research in International Business and Finance, 48(1), 219-227.

Bhintara, I. P. (2018). Teknologi Blockchain Cryptocurrency Di Era Revolusi Digital . Prosiding Seminar Nasional Pendidikan Teknik Informatika (SENAPATI) Ke-9 Universitas Pendidikan Ganesha Bali. Bali.

Bramasta, D. B. (2022, 03 05). Dampak Perang Rusia Ukraina bagi Ekonomi Indonesia. Retrieved 04 27, 2022, from https://www.kompas.com/tren/read/2022/03/05/173000965/sederet-dampak-perang-rusia-ukraina-bagi-ekonomi-indonesia?page=all

Burhan, F. A. (2022, Februari 25). Harga Bitcoin hingga Ethereum Rontok Imbas Serangan Rusia Ukraina. (katadata.co.id) Retrieved Januari 11, 2023, from https://katadata.co.id/desysetyowati/digital/621855670c468/harga-bitcoin-hingga-ethereum-rontok-imbas-serangan-rusia-ke-ukraina

Chuen, D. L., Guo, L., & Wang, Y. (2018). Cryptocurrency: A New Invesment Opportunity? Journal of Alternative Invesments, 20(3), 16-40.

Ghozali, I. (2013). Aplikasi Analisis Multivariate dengan Program IBM SPSS 21. Semarang: Universitas Diponegoro.

H, T. D. (2022, 2 25). Kapitalisasi Pasar Kripto Rontok Rp22.594 T Usai Perang Rusia-Ukraina. Retrieved 4 26, 2022, from https://www.cnnindonesia.com/ekonomi/20220225125304-92-764022/kapitalisasi-pasar-kripto-rontok-rp22594-t-usai-perang-rusia-ukraina

Hartono, P., & Rubiyanto. (2021). Can Cryptocurrency, Gold and Bonds Serve as Safe Haven for the Indonesian Capital Market? Jurnal Ekonomi Kuantitaif Terapan, 14(1), 1-10.

Hassani, H., Huang, X., & Silvia, E. (2018). Big-Crypto: Big Data, Blockchain and Cryptocurrency. Big Data and Cognitive Computing, 2(4), 1-15. Retrieved April 28, 2022, from https://www.mdpi.com/2504-2289/2/4/34

Julianto, A. (2022, Februari 24). Aksi Serangan Rusia ke Ukraina Buat Sejumlah Mata Uang Kripto Anjlok, Pendiri Ethereum Kecewa. (voi.id) Retrieved Januari 11, 2023, from https://voi.id/teknologi/138652/aksi-serangan-rusia-ke-ukraina-buat-sejumlah-mata-uang-kripto-anjlok-pendiri-ethereum-kecewa

Junita, N. (2022, 03 08). Dampak Perang Rusia Vs Ukraina terhadap Perekonomian Indonesia. Retrieved 04 27, 2022, from https://ekonomi.bisnis.com/read/20220306/9/1507157/dampak-perang-rusia-vs-ukraina-terhadap-perekonomian-indonesia

Kusnandar, V. B. (2022, Februari 18). Harga Bitcoin Jatuh Tertekan kecemasan Geopolitik Rusia dan Ancaman Suku Bunga AS. (databoks.katadata.co.id) Retrieved Januari 11, 2023, from https://databoks.katadata.co.id/datapublish/2022/02/18/harga-bitcoin-jatuh-tertekan-kecemasan-geopolitik-rusia-dan-ancaman-suku-bunga-as

Ozdemir, H., & Ozdemir, Z. A. (2021). A Survey of Hedge and Safe Havens Assets Againts G-7 Stock Markets Before and During The Covid-19 Pandemic. IZA DIscussion Paper. Bonn.

Ramli, R. R., & Ika, A. (2022, Februari 22). Rusia Serang Ukraina, Harga Emas Dunia Kian Dekati 2.000 Dollar AS. (Kompas.com) Retrieved Januari 11, 2023, from https://money.kompas.com/read/2022/02/24/145526826/rusia-serang-ukraina-harga-emas-dunia-kian-dekati-2000-dollar-as

Sekaran, U., & Bougie, R. (2016). Research Method for Business. Chichester, West Sussex, UK: John Wiley & Sons Ltd.

Soenarso, S. A. (2022, 02 24). IHSG Merosot Akibat Konflik Rusia-Ukraina, Bagaimana Investor Sebaiknya Bersikap? Retrieved 04 27, 2022, from https://stocksetup.kontan.co.id/news/ihsg-merosot-akibat-konflik-rusia-ukraina-bagaimana-investor-sebaiknya-bersikap

Sommer, J. (2022, 02 23). More Trouble for a Troubled Market. Retrieved 04 27, 2022, from https://www.nytimes.com/2022/02/23/business/stock-market-correction.html

Spitznagel, M. (2021). Investing for Financial Storms. Hoboken, New Jersey: John Wiley & Sons., Inc.

Suharno, A., & Indarti, M. (2014). Pengaruh Faktor Fundamental Makro Terhadap Indeks Harga Saham Gabungan (Studi pada Bursa Efek Indonesia Tahun 2007-2012). Dinamika Akuntansi Keuangan dan Perbankan, 3(1), 10-21.

T.Hadiwinata. (2022, Februari 24). Rusia Mulai Aksi Militer di Ukraina, Indeks Saha, Seduania Rontok, Dolar Menguat. (insight.kontan.co.id) Retrieved Januari 11, 2023, from https://insight.kontan.co.id/news/rusia-mulai-aksi-militer-di-ukraina-indeks-saham-sedunia-rontok-dolar-menguat

Ulya, F. N., & Sukmana, Y. (2022, Maret 7). Imbas Perang Rusia-Ukraina, Dollar AS Menguat ke Level Tertinggi sejak 2020. (kompas.com) Retrieved Januari 11, 2022, from https://money.kompas.com/read/2022/03/07/104232326/imbas-perang-rusia-ukraina-dollar-as-menguat-ke-level-tertinggi-sejak-2020?page=all

W.T.Rahmawati. (2022, Februari 24). IHSG Merosot Akibat Konflik Rusia-Ukraina, Bagaimana Investor Sebaiknya Bersikap. (stocksetup.kontan.co.id) Retrieved Januari 11, 2023, from ttps://stocksetup.kontan.co.id/news/ihsg-merosot-akibat-konflik-rusia-ukraina-bagaimana-investor-sebaiknya-bersikap

Wahyudi, N. A. (2022, 25 02). Dolar AS Menguat Selama Perang Rusia-Ukraina, Pengusaha Tahan Impor. Retrieved 4 26, 2022, from https://ekonomi.bisnis.com/read/20220225/12/1504978/dolar-as-menguat-selama-perang-rusia-ukraina-pengusaha-tahan-impor

Widiatmojo, S. (2015). Pengetahuan Pasar Modal: Untuk Konteks Indonesia. Jakarta: Gramedia.

Wilya, R. (2014). Pengaruh Produk Domestik Bruto Inflasi dan Capital Account Terhadap Nilai Tukar Rupiah Atas Dolar Amerika Serikat Periode Tahun 2001-2014. FEKON, 2(2), 1-10.

Yuliana, A. F., & Robiyanto. (2021). Peran Emas sebagai Dafe Haven Bagi Saham Pertambangan di Indonesia pada Periode Pandemi Covid-19. Jurnal Ilmiah Bisnis dan Ekonomi Asia, 15(1), 1-11.

Downloads

Published

2023-07-01

How to Cite

Agustina, A., & Barus, A. C. (2023). Investasi Safe Haven: Dampak Perang Rusia - Ukraina. Owner : Riset Dan Jurnal Akuntansi, 7(3), 2330-2339. https://doi.org/10.33395/owner.v7i3.1523