Model Moderation Model on the Fed Funds Rate on Portfolio Equity Flows in Southeast Asia Wilman San Marino (a*), Ignatia Bintang Filia Dei S. (b), Tine Badriatin (c)
a,b,c) faculty of Economics and Business, Universitas Siliwangi
Jalan Siliwangi No 24, Tasikmalaya 46115, Indonesia
*wilman[at]unsil.ac.id
Abstract
The impact of globalization on cross-country portfolio investment is the high flow of stocks and bonds with the primary goal of taking high yields from rising prices without aiming to own a company. Emerging market have generally been net recipients of foreign capital in recent decades, including the countries in Southeast Asia consisting of Indonesia, the Philippines, Malaysia, Singapore, and Thailand. The Fed Fund Rate is believed to be the most influential factor in portfolio flows to various emerging market countries. This study will model port-folio equity flows to Southeast Asia over the last 20 years. Model testing uses moderation analysis process model 4 by Andrew F. Hayes. The findings of this study indicate that the Fed Funds Rate has a greater effect on Southeast Asia^s Equity Flows Portfolio than Internal Gross Domestic Product, which indicates the economic strength of a country in Southeast Asia.
