scholarly journals THE EFFECT OF COVID-19 TO EXCHANGE RATE

2020 ◽  
Author(s):  
ivy theresa
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Descriptive Analysis ◽  
Analysis Method ◽  
Finance Minister ◽  
The World ◽  
Ministry Of Finance ◽  
The Government ◽  
The Impact ◽  
Rate Research

Currently, in the whole world is experiencing a COVID-19 pandemic, including Indonesia. In Indonesia, there are quite a lot of people who have been affected by this virus. The presence of the COVID-19 will affect the economy, both in Indonesia and throughout the world. Many countries are predicted to experience a recession due to this pandemic. Finance Minister Sri Mulyani said, if COVID-19 could be handled as soon as possible, then economic growth was still above 4%. But the government must keep on preparing if this pandemic will last for another 3-6 months, the economic situation will worsen, with economic growth estimated at around 2.5% or even 0%.The purpose of this research is to find out the growth of COVID-19 in Indonesia and the impact of COVID-19 on the exchange rate. In this research, a descriptive analysis method is used by collecting data from the Ministry of Health, the Ministry of Finance and Bank Indonesia. The results of this study indicate the growth of COVID-19 in Indonesia and the impact of the virus on the exchange rate.Keywords : COVID-19, Exchange Rate, Research Methodology

The Effects of an overvalued Exchange Rate on The Iranian Economy,1979–1984

1986 ◽  
Vol 18 (1) ◽  
pp. 31-52 ◽  
Author(s):  
Wolfgang Lautenschlager
Keyword(s):  
Exchange Rate ◽  
Allocation Of Resources ◽  
Government Budget ◽  
Islamic Republic ◽  
Oil Exports ◽  
The World ◽  
The Rich ◽  
The Government ◽  
Development Spending ◽  
The Impact

The Iranian economy under the Islamic Republic has been strongly influenced by factors which lie for the most part outside the Iranian government's control, in particular lower oil sales due to the Iraqi attack and to the world-wide oil glut. One should not underestimate, however, the impact of the policies which have traditionally most concerned economists, namely, the government budget and monetary matters. The major thesis of this article is that the Islamic Republic's economy has been heavily influenced by an overvalued exchange rate which has: (a) forced reductions in government development spending; (b) fueled inflation as the government printed money to finance its deficit; (c) worsened the imbalance in foreign trade by encouraging imports and discouraging non-oil exports; (d) subsidized the consumption of imported goods, primarily benefiting the urban population, especially the rich; (e) distorted the allocation of resources in favor of commerce at the expense of production; and (f) benefited well-to-do merchants at the expense of poorer farmers and artisans.

scholarly journals The Impact of Mandatory Use Of Rupiah Currency Towards Indonesia Trade Value Competitiveness and Economic Growth

2018 ◽  
Vol 1 (2) ◽  
pp. 335-347
Author(s):  
Tumpak Silalahi
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Foreign Currency ◽  
Descriptive Analysis ◽  
Policy Measure ◽  
Economic Nationalism ◽  
Financial Condition ◽  
Circular Letter ◽  
The Impact ◽  
Mandatory Use

Volatility of Rupiah exchange rate to Foreign Currency in 2015 was indicated by Rupiah’s depreciation. The purpose of this paper is to see how the implementation of the mandatory use of Rupiah in Indonesia affected factors that caused its depreciation. In this paper, descriptive analysis and econometric analysis were used to demonstrate and explain the impact of some variables to the amount of money circulated in the market. Bank Indonesia Regulation Number: 17/3/PBI/2015 was issued on March 31, 2015 and Circular Letter Number: 17/11/DKSP was issued on June 1, 2015 that it requires mandatory on the use of Rupiah in Indonesia. The policy consists of economic, nationalism, and law perspectives. However, this paper focused only on the economic side with the main objective to see how it contributed to Rupiah’s stability. By analyzing the data quantitatively and qualitatively by using statistic procedure and simulation, this paper was able to show the effect of policy measure on the financial condition as an aggregate figure during the time of this research

scholarly journals Exchange rate and economic growth nexus: An impact analysis of the Nigerian economy

2020 ◽  
Vol 2 (4) ◽  
pp. 58-67
Author(s):  
Lawali Bello Zoramawa ◽  
Machief Paul Ezekiel ◽  
Aliyu Tukur Kiru
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Impact Analysis ◽  
Unit Root Test ◽  
Secondary Data ◽  
Economic Openness ◽  
Johansen Cointegration Test ◽  
The Government ◽  
Level Of Significance ◽  
The Impact

This study examines the impact of the exchange rate, as an important determinant of economic growth in Nigeria between 1980 and 2019. Secondary data was used and sourced from the Central Bank of Nigeria (CBN) Statistical Bulletin 2016. The econometric techniques used in the analysis were: Unit Root Test, Johansen Cointegration Test, and Error Correction Model (ECM). The result revealed that exchange has a positive and statistically significant impact on economic growth at a 5% level of significance. But the result further revealed that economic openness was found to have impacted negatively on economic growth. Based on these findings it was recommended that the government through its monetary authority such as (CBN) should redesign the existing monetary policies to maintain a stable exchange rate. Lastly, since the economic openness hurts economic growth, it is therefore suggested that the government should sustain its current efforts in diversifying the economy in the country and disregard the notion that openness generates economic growth in the country.

scholarly journals DAMPAK PANDEMI COVID-19 DALAM KEHIDUPAN SOSIAL-EKONOMI MASYARAKAT STUDI KASUS KEHIDUPAN SOSIAL-EKONOMI MASYARAKAT PANDEGLANG BANTEN

2021 ◽  
Vol 13 (1) ◽  
pp. 62-70
Author(s):  
Herdin Muhtarom
Keyword(s):  
Large Scale ◽  
Descriptive Analysis ◽  
Analysis Method ◽  
The Social ◽  
Community Solidarity ◽  
Qualitative Descriptive ◽  
The Government ◽  
The Many ◽  
The Impact ◽  
Very High

The current Coronavirus (Covid-19) outbreak has become a major focus of the global community because of the many impacts that have been caused by the Covid-19 pandemic, both in the fields of health, social, economics, and education. The purpose of this study was to determine the impact of the Covid-19 pandemic, especially in the economic and social sectors in Pandeglang Regency, Banten. The method used in this study is the Qualitative Descriptive Analysis method. The results showed that the impact of the Covid-19 pandemic greatly affected the economic field in Pandeglang District, especially community income in Pandeglang declined during the Covid-19 pandemic and many large-scale Termination of Work (PHK) felt by the Pandeglang community, for the social sector many communities or the government provided food or basic needs assistance to people in Pandeglang who were affected by the Covid-19 pandemic so that the level of community solidarity during the Covid-19 pandemic in Pandeglang District was very high.  

scholarly journals Data Analyzing Immigration to Canada using Predictive Analysis (Multiple Linear and Non-Linear Regression)

2019 ◽  
Vol 9 (2) ◽  
pp. 2686-2690
Keyword(s):  
Economic Growth ◽  
Linear Regression ◽  
Multiple Linear Regression ◽  
Fossil Fuel ◽  
Predictive Analysis ◽  
Open Market ◽  
The World ◽  
The Government ◽  
Different Cultures ◽  
The Impact

The immigration to Canada impacts the government in different manner like increase in population, waste, fossil fuel and it also benefits like increase economic growth, trade which will increase the GDP value of Canada, increase in workforce of country, open market, globalization, technologies and adapt to different cultures, food, and people[1] . These would result in a decrease in discrimination and aware about their rights and duties. The immigrants are more interested in entrepreneurship than others [2]. Which would impact increase in development in the country. The work explores the impact of immigration to Canada from all around the world. The top 5 countries that immigrate to Canada is analyzed by using Jupyter notebook. The prediction is done only for the top 5 countries that immigrate to Canada by analyzing the previous immigrants from 1980 - 2013. The multiple linear regression is used to analyze the data.

scholarly journals The Impact of Globalisation on Economic Growth of Pakistan

2007 ◽  
Vol 46 (4II) ◽  
pp. 723-734 ◽  
Author(s):  
Mohammad Afzal
Keyword(s):  
Economic Growth ◽  
Full Employment ◽  
Global Market ◽  
Macroeconomic Policies ◽  
Financial Flows ◽  
Economic Implications ◽  
The World ◽  
The Government ◽  
National Economies ◽  
The Impact

Globalisation has diverse definitions and concepts.1 Globalisation has many facets and has a variety of social, political and economic implications. This term introduced in early 1980, which never precisely defined, is a frequently used word in the political economy. It simply means growing integration of the national economies, openness to trade, financial flows, foreign direct investment and the increasing interaction of people in all facets of their lives. Globalisation also implies internationalisation of production, distribution and marketing of goods and services. International integration implies the adoption of common policies by the individual countries. Between 1870 and 1914, the world was integrated into a single word economy dominated by one power: Great Britain. The government functions were limited and faced many constraints like gold standard and lack of freedom to pursue easy monetary policy. Later governments were burdened by performing many functions like achievement of macroeconomic goals—full employment, economic growth and price stability. Freedom of using macroeconomic policies resulted in greater integration of national economies but at the same time they led to international disintegration and interdependence. Streeten (1998) argues that today global market forces can lead to conflict between states, contributing to international disintegration and weakened governance. Before 1914, the world was more integrated than it is today but it did not prevent the First World War.

scholarly journals Dampak Pandemi Covid-19 terhadap Pertumbuhan Ekonomi dan Perdagangan Komoditas Pertanian di Indonesia

2021 ◽  
Vol 5 (3) ◽  
pp. 950-961
Author(s):  
Fitria Sadiyah ◽  
Keyword(s):  
Economic Growth ◽  
Trade Balance ◽  
Agricultural Sector ◽  
Descriptive Analysis ◽  
High Price ◽  
Stock Management ◽  
Agricultural Commodity ◽  
The Government ◽  
Food Commodities ◽  
The Impact

This study aims to analyze economic growth in Indonesia during the Covid-19 pandemic by using the growth of Gross Domestic Product (GDP) with a comparison of the previous year in the same quarter (y-on-y) and also a comparison with the previous quarter (q-to-y). q). The second objective of this research is to analyze price disparities, price fluctuations, and the trade balance of agricultural commodities. The method used in this research is descriptive analysis. The results of this study explain that economic growth in Indonesia during the Covid-19 pandemic has decreased, starting from the second quarter of 2020 to the first quarter of 2021. Meanwhile, the impact of the Covid-19 pandemic in the agricultural commodity trading sector, namely the existence of a high price disparity reaching above 50% in several commodities such as chicken meat, red chili, beef, and shallots. However, there is price stability for rice, chicken eggs, cooking oil, and sugar commodities. In the trade balance during the Covid-19 pandemic, there was a deficit of 14 thousand tons for beef/buffalo commodities in the January-May 2021 period, while other staple food commodities experienced a surplus. To overcome the problems of trade and economic growth in the agricultural sector, the government should integrate the main market network, improve stock management and logistics, and increase production

The Impact of Covid-19 on the Economy of Selected Asian Countries

2021 ◽  
Vol 39 (10) ◽  
Author(s):  
Melahat Batu Agirkaya ◽  
Zafer Koca ◽  
Ahmet Ali Ugan
Keyword(s):  
Comparative Analysis ◽  
South Korea ◽  
Foreign Trade ◽  
Descriptive Analysis ◽  
Analysis Method ◽  
Asian Countries ◽  
The World ◽  
Short Time ◽  
The Impact

This study aims to discuss the impacts of  Covid-19, which emerged in China in December 2019 and has affected the whole world in a short time, through some selected Asian countries. Covid-19 is not only an epidemic that has an impact on health but also an epidemic that has deeply shaken the country's economies and pushed them into crisis. Like all countries of the world, Asian countries have been affected by this outbreak. The countries that made up the sample of our study (South Korea, Singapore, Vietnam and Taiwan) responded very quickly to Covid-19 and were cited as examples all over the world due to their success at the beginning of the outbreak. In this study, it was discussed how these epidemiologically successful countries react economically. Comparative analysis method and descriptive analysis method were used in the study. The study discussed the effects of Covid-19 on GDP, unemployment, inflation and foreign trade

scholarly journals The Impact of Natural Resource Rent on Economic Growth of Ghana

2020 ◽  
pp. 1-17
Author(s):  
Opoku Adabor ◽  
Emmanuel Buabeng ◽  
Godred Annobil-Yawson
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Significant Relationship ◽  
Oil And Gas ◽  
Negative Impact ◽  
Positive Impact ◽  
Government Expenditure ◽  
Resource Rent ◽  
The Government ◽  
The Impact

This study examines the effect of oil and gas resource rent on economic growth of Ghana for the period of 2007 to 2019. The study uses the bounds test approach to cointegration within the framework of autoregressive distributed lags model as the estimation strategy. The results from the study revealed that oil resource rent had a negative and significant relationship with economic growth of Ghana. However, gas resource rent had a positive impact on economic growth of Ghana. Furthermore, the study also found that foreign direct investment and exchange rate had significant positive relation with economic growth of Ghana respectively. For government expenditure, it exerts a negative impact on economic growth of Ghana.  Based on the negative and significant relationship with oil resource rent and economic growth of Ghana, it is recommended that the government should reduce taxes on oil industries to help increase the production of oil and gas in Ghana. Furthermore, the study recommends Government and private partnership to ensure effective management of exchange rate fluctuations in Ghana.

scholarly journals Tinjauan Trilogi Kerukunan Umat Beragama Berdasarkan Perspektif Iman Kristen

2020 ◽  
Vol 1 (1) ◽  
pp. 1-14
Author(s):  
Yonatan Alex Arifianto ◽  
Joseph Christ Santo
Keyword(s):  
Social Life ◽  
Descriptive Analysis ◽  
Harmonious Society ◽  
The Body ◽  
Christian Faith ◽  
Body Of Christ ◽  
Analysis Method ◽  
The World ◽  
The Government

Abstract: In Indonesia as a multicultural country, there is a diversity of beliefs. History proves that unhealthy exclusivism endangers pluralism. Differences in religious beliefs can become a potential for horizontal conflict if the state does not act to prevent this. In order to create a harmonious society, the government has launched the Religious Harmony Trilogy through the Regulation of the Minister of Religion and the Minister of Home Affairs. As citizens of Indonesia, Christians cannot neglect this harmony effort. This study aims to answer the problem of how the role of believers in social life in applying the Religious Harmony Trilogy based on the perspective of the Christian faith. This research uses descriptive analysis method through related literature. The results of this study indicate: first, Christianity teaches living in harmony among fellow Christians as members of the body of Christ. Second, Christianity teaches to be the light of the world and the salt of the world in the midst of people with different faiths, so that harmony can be created. Third, Christianity teaches submission to the government because the government is determined by God, thus creating harmony between Christians and the government.Abstrak: Di dalam negara Indonesia yang multikultural dijumpai adanya keberagaman keyakinan. Sejarah membuktikan bahwa eksklusivisme yang tidak sehat membahayakan kemajemukan. Perbedaan keyakinan agama bisa menjadi potensi konflik horizontal apabila negara tidak bertindak mencegah hal tersebut. Dalam rangka mewujudkan masyarakat yang harmonis, pemerintah telah mencanangkan Trilogi Kerukunan Umat Beragama melalui Peraturan Menteri Agama dan Menteri Dalam Negeri. Sebagai warga negara Indonesia, umat Kristen tidak bisa berlaku abai terhadap upaya kerukunan ini. Penelitian ini bertujuan untuk menjawab permasalahan bagaimanakah peran orang percaya dalam kehidupan bermasyarakat dalam mengaplikasikan Trilogi Kerukunan Umat Beragama berdasarkan persepektif iman Kristen. Penelitian ini menggunakan metode deskriptif analisis melalui literatur terkait. Hasil dari penelitian ini menunjukkan: pertama, kekristenan mengajarkan hidup rukun di antara sesama umat Kristen sebagai anggota tubuh Kristus. Kedua, kekritenan mengajarkan untuk menjadi terang dunia dan garam dunia di tengah-tengah masyarakat dengan keyakinan iman yang berbeda, sehingga tercipta keharmonisan. Ketiga, kekristenan mengajarkan penundukan kepada pemerintah karena pemerintah ditetapkan oleh Allah, dengan demikian terwujud kerukunan antara umat Kristen dengan pemerintah.

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