scholarly journals Trade Liberalization, Consumption, and Real Exchange Rate in Seven ASEAN+6 Countries

2017 ◽  
Vol 9 (4) ◽  
pp. 73
Author(s):  
Sigit Setiawan
Keyword(s):  
Exchange Rate ◽  
Real Exchange Rate ◽  
Trade Liberalization ◽  
Subprime Mortgage ◽  
Mortgage Crisis ◽  
Subprime Mortgage Crisis ◽  
Liberalization Policy ◽  
Relationship Of ◽  
The Relationship ◽  
Case Basis

Trade liberalization has been mushrooming in the globalization era. The trade liberalization policy adoption by one country will be followed shortly by another. Although trade liberalization policy is strongly advocated by international organizations, a few prominent economists argue there is no ‘one fits for all’ policy. Thus, the policy effect altogether with other relevant aspects still needs to be explored in case by case basis, including ASEAN+6 regions. This paper is intended to analyze the relationship of trade liberalization and consumption on the real exchange rate in seven ASEAN+6 countries – the most dynamic region during period 2000 – 2011, a period covering subprime mortgage crisis. With data panel approach, the paper investigates the relationship of trade liberalization and consumption on real exchange rate while taking into account level of country’s income and crisis effect. The resulted model finds significant relationship in the overall and individual effect of tariff and terms of trade change as proxies of trade liberalization, consumption, level of country’s income, and subprime mortgage crisis on real exchange rate.

scholarly journals Trade Liberalization, Consumption, and Real Exchange Rate in Seven ASEAN+6 Countries

2017 ◽  
Vol 9 (4(J)) ◽  
pp. 73-86
Author(s):  
Sigit Setiawan
Keyword(s):  
Exchange Rate ◽  
Real Exchange Rate ◽  
Trade Liberalization ◽  
Subprime Mortgage ◽  
Mortgage Crisis ◽  
Subprime Mortgage Crisis ◽  
Liberalization Policy ◽  
Relationship Of ◽  
The Relationship ◽  
Case Basis

Trade liberalization has been mushrooming in the globalization era. The trade liberalization policy adoption by one country will be followed shortly by another. Although trade liberalization policy is strongly advocated by international organizations, a few prominent economists argue there is no ‘one fits for all’ policy. Thus, the policy effect altogether with other relevant aspects still needs to be explored in case by case basis, including ASEAN+6 regions. This paper is intended to analyze the relationship of trade liberalization and consumption on the real exchange rate in seven ASEAN+6 countries – the most dynamic region during period 2000 – 2011, a period covering subprime mortgage crisis. With data panel approach, the paper investigates the relationship of trade liberalization and consumption on real exchange rate while taking into account level of country’s income and crisis effect. The resulted model finds significant relationship in the overall and individual effect of tariff and terms of trade change as proxies of trade liberalization, consumption, level of country’s income, and subprime mortgage crisis on real exchange rate.

scholarly journals Analysis on the Reason and Influence of China's Money Supply after the Sub-prime Crisis

2018 ◽  
Vol 1 (1) ◽  
Author(s):  
Weiwei Ji ◽  
Hongchao Yu ◽  
Deming Dong
Keyword(s):  
Money Supply ◽  
Sharp Increase ◽  
Subprime Mortgage ◽  
Short Period ◽  
Mortgage Crisis ◽  
The World ◽  
Subprime Mortgage Crisis ◽  
Time Spread ◽  
The Relationship ◽  
Us Financial Crisis

In the global economic integration today, any economic turmoil will be in a very short period of time spread throughout the world. By the subprime mortgage crisis triggered by the 2008 US financial crisis, this will be more vividly. China's accession to the WTO, the economy has been with the global convergence, the economic crisis is bound to China's financial market to bring a turbulent. In order to stimulate China's economic recovery, the central bank to adopt a moderately easy monetary policy, a sharp increase in money supply. This paper mainly studies the influence of the increase of money supply in China after the subprime mortgage crisis, and explores the relationship between money supply and economic growth and inflation through quantitative and qualitative analysis. Finally, we summarize the results through the study.

scholarly journals ANALISIS FLUKTUASI DOLLAR AMERIKA SERIKAT TERHADAP RUPIAH DI SAAT DAN SETELAH KRISIS SUBPRIME MORTGAGE 2007 - 2013

2014 ◽  
Vol 3 (2) ◽  
Author(s):  
Gustiyan Taufik Mahardika ◽  
Hermanto Siregar ◽  
Dedi Budiman Hakim
Keyword(s):  
Exchange Rate ◽  
Exchange Rates ◽  
Hedge Funds ◽  
Fluctuation Analysis ◽  
Subprime Mortgage ◽  
Long Run ◽  
Mortgage Crisis ◽  
Floating System ◽  
Subprime Mortgage Crisis ◽  
The Exchange Rate

In a floating system, exchange rates fluctuate due to macroeconomic conditions that occur. Due to the uncertainty caused by economic shocks or financial crises such as subprime mortgage crisis, fluctuation analysis can be used to minimize the risks that arise in business that involve exchange rates such as export/import or hedge funds. This study aims to analyze the fluctuations in the exchange rate during and after the subprime mortgage crisis 2007 – 2013 in order to give a better understanding on the dynamics of the exchange rate. By analyzing the dynamics, individuals or companies that make the currency as a component in its business can then decide the right policy to implement. Analyses were performed using an error correction model (ECM) for nominal (NER) and real exchange rate (RER). The variables that are proven significant for NER are money supply (JUB), current account (CAB), economic growth (EGROW), and the nominal central bank rate (NBIRATE). The dummy crisis variable did not have a significant effect on the NER, while the CAB affect NER in the short run only, and EGROW affect NER in the long run only.DOI: 10.15408/sjie.v3i2.2060

scholarly journals ANALISIS PENGARUH PERGERAKAN BURSA INTERNASIONAL TERHADAP PERGERAKAN BURSA INDONESIA

2011 ◽  
Vol 3 (2) ◽  
pp. 181-203
Author(s):  
Johan Halim ◽  
Marcories Marcories
Keyword(s):  
Developing Countries ◽  
International Markets ◽  
Subprime Mortgage ◽  
Daily Data ◽  
Mortgage Crisis ◽  
Subprime Mortgage Crisis ◽  
The Relationship ◽  
European Markets ◽  
American Economy ◽  
International Exchanges

The purpose of this study was to determine and obtain empirical evidence on whether there is influence and reciprocal relationships on the movement of international exchanges (Dow Jones, FTSE, Nikkei, Straits Times and Hang Seng), economic conditions, and the relationship between the state of the market movements Indonesia (JSX and IDX). Method of multiple linear regressions with Eviews 5.1 program used in this study to determine the effect of the variables mentioned above. The sample in this study includes daily data for the JSX ongoing since January 1, 2006 through December 31, 2008, and taken to IDX data starting from January 1, 2009 through June 30, 2009. Results of this study are contained influences of the international exchanges separately. No effect occurs when tested simultaneously. JSX influenced by outside markets, but otherwise IDX positively affect international markets. IDX was due to the influence of the shifting influence of the American economy, which affected Subprime Mortgage crisis and the market is already pretty saturated, to Asia which is devoted to research in Indonesia, which is not affected by the Subprime Mortgage and developing countries (developing countries) that could affect other markets Subprime Mortgage crisis affected.Conclusion that there was a shift in which the effect of Indonesia's market affect other markets in the same region even European markets (FTSE) and the U.S. (Dow Jones) due to the improvement in the economic situation of Indonesia that resilience to the global crisis.

Consuming Passions, Wasted Efforts

2017 ◽  
Author(s):  
Judith Hamera
Keyword(s):  
Las Vegas ◽  
Consumer Credit ◽  
Pivotal Role ◽  
Child Molestation ◽  
Subprime Mortgage ◽  
Mortgage Crisis ◽  
Subprime Mortgage Crisis ◽  
Michael Jackson

This chapter examines Michael Jackson’s fiscal travails from 2002 to the release of This Is It in 2010, reading coverage of his consumption, debt, and attempts at recovery as racialized public melodrama. It begins with a scene of Jackson shopping in Las Vegas taken from Living with Michael Jackson, viewed through both the emerging consumer credit bubble and the temperance melodrama The Drunkard. It then turns to the ways testimony about Jackson’s finances, particularly his debts, played a pivotal role in his child molestation trial, reproducing a financialized melodramatic racial dialectic that emerged again in the subprime mortgage crisis. It concludes by reading parallels between accounts of Jackson’s physical wasting on the set of This Is It and that of the compulsively dancing child in Hans Christian Andersen’s tale “The Red Shoes.” Both represent the process of disciplining past excesses through redemptive contraction as US austerity rhetoric reached a crescendo.

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