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Abstrak :
This paper analyzes the economic condition of the second quarter of 2017 and provides the outlook for 2017 and 2018. It covers the global dynamics and domestic in national level as well as spatial views in Indonesia. From external, global economic expansion continues, entailing a shift in the sources of growth with China and Europe was expected to increase, while US economy grew slower than expected. At home, Indonesia economic growth was stable on the back of gain in investment particularly building investment. On the other hand, household consumption growth slowed, government consumption contracted after spending was delayed, and exports posted slower growth. Spatially, the slowdown occurred in Java, Sulawesi, and Kalimantan. CPI invitation was maintained within the target range despite increasing demand during the lead up to national religious holidays. Balance of payments recorded a surplus while current account deficit remains well maintained and financed by a large surplus in the capital and financial account. The rupiah rate moved steadily, with lower volatility relative to peer countries. The banking industry was well maintained and continued to strengthen financial system stability. The continued easing of monetary policy was responded by declining rates on deposits and loans. Moving forward, Bank Indonesia expects economic growth to accelerate in 2017,and grow higher in 2018 of the back of increased investment and consumption in live with more expensive government spending along with space to ease monetary policy. On the other hand, inflationary pressures will be controlled in line with more expansive government spending along with space to ease monetary policy. On the other hand, inflationary pressures will be controlled in line with the lower inflation target.

Abstrak :
Kehadiran behavioral finance telah dirasakan dalam aspek keuangan dan ekonomi, terutama dalam hal herding behavior. Semakin overconfident investor terkait pandangan mereka terhadap market outlook, semakin besar kemungkinan beta herding akan terjadi akibat bias persepsi investor. Penelitian ini menyelidiki return aset menggunakan konsep beta herding yang mengukur varians cross-sectional dalam beta akibat dari perubahan kepercayaan investor terhadap market outlook di pasar saham Indonesia. Penelitian ini menggunakan saham-saham yang terdaftar di Bursa Efek Indonesia (BEI) dari tahun 2015 – 2019. Beta herding diukur menggunakan beta herd measure yaitu varians cross-sectional dari beta lalu dihitung dengan coefficient standard error sehingga menghasilkan standardized beta. Kemudian analisis regresi linier berganda dilakukan untuk menyelidiki pengaruh faktor-faktor makroekonomi terhadap beta herd measure. Hasil penelitian menunjukkan bahwa tidak ditemukan bukti faktor-faktor makroekonomi memengaruhi beta herd measure secara signifikan dan beta herd measure tidak dapat dijelaskan dengan baik oleh faktor-faktor makroekonomi. Sehingga, disimpulkan bahwa faktor-faktor makroekonomi tidak memiliki pengaruh signifikan terhadap pengukuran beta herd measure di pasar saham Indonesia selama tahun 2015 – 2019. ......The presence of behavioral finance has been felt in numerous aspects, such as financial and economic, especially in herding behavior. The more overconfident investors are about their views regarding market outlook, the more likely beta herding will occur due to investors’ biased perceptions. This study aims to investigate asset returns using the concept of beta herding which measures the cross-sectional variance in beta due to changes in investors’ confidence on market outlook in the Indonesian stock market. This study was conducted using stocks listed in the Indonesia Stock Exchange (IDX) using time series data for 5 years from 2015 – 2019. Furthermore, beta herding was measured using the cross-sectional variance of beta and calculated by its adjusted standard error which resulted in standardized beta. Then, a multiple linear regression analysis was conducted to investigate the effects of macroeconomic factors on beta herd measure. The results of this study indicate that there is no evidence that the macroeconomic factors significantly affect the beta herd measure. In addition, it was found that the beta herd measure could not be explained well by macroeconomic factors. Thus, it can be concluded that macroeconomic factors variable did not significantly affect the beta herd measure variable in the Indonesian stock market during 2015 – 2019.

Abstrak :
ABSTRACT
The present paper reflects on Indonesia's status as an archipelagic state and a maritime nation from a historical perspective. It explores the background of a multi-year research project into Indonesia's maritime past currently being undertaken at the Humanities Faculty of University Indonesia. The multidisciplinary research use toponymy, epigraphy, philology, and linguistic lines of analysis in examining old inscriptions and manuscripts and also includes site visits to a number of old port cities across the archipelago. We present here some of the core concepts behind the research such as the importance of the ancient port cities in a network of maritime trade and diplomacy, and link them to some contemporary issues such as the Archipelagic Outlook. This is based on a concept of territorial integrity that reflects Indonesia's national identity and aspirations. It is hoped that the paper can extend the discussion about efforts to make maritime affairs a strategic geopolitical goal along with restoring Indonesia's identity as a maritime nation.

Abstrak :
Kehadiran CSCAP dan ARF telah menjadi titik awal munculnya berbagai inisiatif kerja sama keamanan multilateral di Asia-Pasifik pasca Perang Dingin. Pada tataran empiris, kehadiran inisiatif ini turut diikuti dengan perkembangan pembahasannya dalam literatur. Oleh karenanya, tulisan ini bertujuan untuk meninjau perkembangan literatur mengenai inisiatif kerja sama keamanan multilateral di Asia-Pasifik pasca Perang Dingin dengan menganalisis 47 literatur terakreditasi internasional yang membahas topik ini. Berdasarkan pada metode taksonomi, literatur tersebut dibagi ke dalam enam kategori, yaitu: (1) inisiatif dan karakteristik kerja sama keamanan multilateral di Asia-Pasifik pasca Perang Dingin, (2) motif kehadiran aktor non-Asia Tenggara dalam inisiatif (3) persepsi aktor non-Asia Tenggara terhadap kepemimpinan ASEAN dalam mayoritas inisiatif keamanan di AsiaPasifik, (4) motif keterlibatan negara-negara Asia Tenggara dalam inisiatif, (5) persepsi negara-negara Asia Tenggara terhadap inisiatif, dan (6) pandangan akademisi terhadap inisiatif tersebut. Tinjauan pustaka ini berupaya untuk menyingkap konsensus, perdebatan, kesenjangan literatur, dan menunjukkan sejumlah tren, seperti persebaran tema, persebaran asal penulis, serta persebaran perspektif atas topik ini. Tinjauan pustaka ini mengidentifikasi bahwa inisiatif dan karakteristik kerja sama keamanan multilateral di Asia-Pasifik pasca Perang Dingin merupakan tema paling dominan dalam pengkajian topik ini, sementara Realisme merupakan perspektif yang paling dominan digunakan dalam literatur. Tinjauan pustaka ini turut merekomendasikan sejumlah agenda untuk penulisan lanjutan. ......The presence of CSCAP and ARF has become the starting point for the formation of postCold War multilateral security cooperation initiatives in Asia-Pacific. At the empirical level, the presence of the initiatives were followed by its development in literatures. Therefore, this paper aims to review this topic by analyzing 47 internationally accredited literatures. Based on taxonomy method, the literatures will be divided into six theme-based categories which consist of: (1) initiatives and characteristics of security cooperation in Asia-Pacific, (2) motives behind the presence of non-Southeast Asian actors, (3) perceptions of non-Southeast Asian actors towards ASEAN leadership in the majority of initiatives, (4) motives behind the involvement of Southeast Asian countries, and (5) their perceptions towards the initiatives, (6) academic views on the initiatives. This literature review seeks to unveil the consensus, debates, and gaps of this topic. Besides, it also seeks to show some trends in the writing of this topic such as the distribution of its themes, authors' origin, and the paradigmatic trend. This literature review identifies that initiatives and characteristics of Post-Cold War Multilateral Security Cooperation in Asia-Pacific is the most dominant theme in the literatures, while Realism is the most dominant perspective used by the literatures. It then recommends some proposed further researches