scholarly journals The Role of Central Bank of Jordan in Economic Development

2019 ◽  
pp. 221-226
Author(s):  
Dr. Khaled Abdalla Moh’d AL-Tamimi ◽  
Dr. Mohammad Sulieman Jaradat ◽  
Dr. Ashraf Mahammad Al-Rjoub
Keyword(s):  
Economic Development ◽  
Central Bank ◽  
Banking Industry ◽  
Policy Instruments ◽  
Integrated System ◽  
Economic Life ◽  
Economic Resource ◽  
Investment Activity ◽  
Economic Process ◽  
The Government

The main purpose of this research is to study and highlight that central bank of Jordan (CBJ) plays an important role in economic development. The objective of the financial organization shall be to keep up financial and money stability, to confirm the interchangeability of the Dinar, and to contribute in achieving the banking and money stability within the Kingdom likewise as promoting sustained economic process in accordance with the overall economic policies of the government. To achieve the above- mentioned objectives, CBJ assumes many tasks portrayed in drawing and implementing the financial policy within the Kingdom through an integrated system of monetary policy instruments, setting a evaluation policy of the Dinar compatible with the Jordanian economy, maintaining and managing the Kingdom’s reserves of gold and foreign currencies, regulation credit within the Jordanian economy so as to realize financial and money stability likewise as comprehensive economic process, and issue and regulation bank notes and coins. Subsequently, the central bank plays necessary role within the economic resource allocation of the country. The banking industry may be a major issue that affects the organization of social and economic life cycle within the economies of the planet. it is thought about as associate degree indicator of economic and social growing.. Also, developed financial set up ought to be characterized by the existence of a contemporary and complicated banking industry that contributes to achieving economic balance. It conjointly encourages domestic and foreign investment through the banking system’s ability to states. The aim of the banking industry is to draw in savings domestically and abroad, and direct those savings into productive investment. As a result, this contributes to the accomplishment of economic and social development method, and conjointly facilitates investment activity.

Prinsip Dasar Ekonomi Dan Bisnis Dalam Islam

AKADEMIKA ◽  
2015 ◽  
Vol 9 (1) ◽  
pp. 69-77
Author(s):  
Misbahul Khoir
Keyword(s):  
Economic Development ◽  
Economic System ◽  
Human Behavior ◽  
Business Performance ◽  
Positive Impact ◽  
Economic Life ◽  
Universal Values ◽  
The Government ◽  
Islamic Economic ◽  
And Behavior

In order for humans could reach the so-called falah (goodness), human behavior needs to be colored with the spirit and norms of Islamic economics reflected in its values. The principles and values of Islamic economics are considerably two inseparable things. The implementation of economic principles without being colored with values or values without being based on principles could keep people far away from their purpose, namely falah. The implementation of values not based on principles will tend to bring with it the normative economics, which would cause it trapped into injustice. While the implementation of values on the Islamic economic development is based on the five universal values, namely akidah (belief), 'adl (justice), nubuwwah (prophetic), khilafah (the government), and ma'ad (results). The five principles are used as the basis for building theories of Islamic economics. But strong and adequate theories not applied into a system will make the Islamic economics just as the study of science without giving positive impact on the economic life. Therefore, based on the five universal values, the three derivative principles should be built into the characteristics and the forerunner of the Islamic economic system. The Islamic economic system makes sure that there are no economic transactions that are contrary to the Shari'a. But business performance depends on the man behind the gun. For that reason, the economic actors within this framework could be held by non-Muslims. The Islamic economics could only be developed if the mindset and behavior of Muslims are already itqan (diligent) and ihsan (professional). It "may be" one of the secrets of the Prophet's statement, saying "Truly I was sent to perfect good character". Because good character could be an indicator of knowing good or bad behavior in determining both the success and the failure of business itself.

scholarly journals The mechanism of synergetic interaction of policy instruments of central banks with the governments of their countries as an element of increasing the level of economic development in the face of an epidemic threat

2020 ◽  
Vol 8 (5) ◽  
pp. 13-21
Author(s):  
Leonid Taraniuk ◽  
Oksana Zamora ◽  
Oleksii Demikhov
Keyword(s):  
Developing Countries ◽  
Economic Policy ◽  
Economic Development ◽  
Comparative Analysis ◽  
Central Bank ◽  
Policy Instruments ◽  
The State ◽  
Effective Management ◽  
The World ◽  
Level Of Economic Development

Goal. The purpose of the research is to conduct a comparative study of the work of the Central Bank of the world with their governments in the context of forming a mechanism for synergistic interaction of its economic policy instruments to improve the level of economic development. Topicality. The actualization of this study is the need to establish effective formal and informal links between the central bank as a system-forming financial institution that shapes the monetary policy of the state and the government as a governing body that creates a virgin economic policy. There is a need for a systematic comparative analysis of the experience of developed and developing countries in order to form an effective tool for economic policy of the central bank with its government and make effective management decisions aimed at improving the level of economic development. Results. The system of relations between the central bank of developed and developing countries and their governments is described. Factors of positive and negative influence on the formation of economic policy tools of the central bank of the countries and their governments are revealed. Formal and informal links have been analyzed between the world country’s central bank and its government in the process of implementing the central bank’s economic policy. The mechanism of synergetic interaction of the tools of economic policy of the central bank of the countries with their governments is improved, which contains indicative indicators of the interactions of the central bank, ministries, government of the countries for the purpose of making effective management decisions. The necessity of systematic work of all stakeholders (central bank, government, other stakeholders) in the process of forming economic policy, the implementation of which can affect the level of economic development of the state, is substantiated. Conclusions. The comparative analysis with elements of benchmarking estimation is carried out The mechanism of relations of the central bank of the country with its government is improved. The role of this interaction of the country's central bank with its government and other stakeholders was assessed.

Russian recovery is coming with rapid growth unlikely

2016 ◽  
Keyword(s):  
Economic Development ◽  
Central Bank ◽  
Rapid Growth ◽  
Consumer Demand ◽  
Living Standards ◽  
Content Type ◽  
The Government

Subject Short- and longer-term prospects for recovery in Russia. Significance In April, Russia's economic development minister, Alexey Ulyukaev, predicted that Russia's recession was about to end. The Central Bank of Russia (CBR), previously more sceptical, came to the same view in late May. Policymakers are focusing their attention on the longer-term issue of whether Russia can achieve more than very sluggish growth over the next few years. Impacts The prolonged dip in living standards will persist, although protests will not be serious enough to destabilise the government. The economic development ministry has a plan to increase funds available for investment, in part by prolonging caps on wages and pensions. Such a move would increase the risk of unrest and dampen consumer demand.

Computing Skills in Forecasting for Liquidity Risk Management in the Indian Banking Industry

2014 ◽  
pp. 172-185 ◽  
Author(s):  
Rituparna Das
Keyword(s):  
Risk Management ◽  
Central Bank ◽  
Interest Rates ◽  
Time Series Data ◽  
Banking Industry ◽  
Liquidity Risk ◽  
Monetary Base ◽  
Computing Skills ◽  
The Government ◽  
The Interest Rate

Liquidity Risk Management (LRM) in the banking industry happens at two levels: (1) the Central Bank (i.e. the regulator) and (2) the commercial banks. The term “liquidity” for the Central Bank means the monetary base consisting of the currency and the reserves in the banking system. These are the supply side of the interest rate market. The Central Bank being the only supplier of the same can target the interest rates by varying supply of monetary base and vice versa. There are several ways including auctioning and redeeming the government securities for squeezing and pumping liquidity into the system. However, before such recourse, the Central Bank needs an assessment of the liquidity requirement of the system and applies the forecasting techniques, which are mostly econometric by nature involving the time series data. This chapter explores this process.

Challenges of Russian economic development and government economic policy

2016 ◽  
pp. 36-44
Author(s):  
A. Ulyukaev
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Economic Development ◽  
Russian Economic Development ◽  
Transaction Costs ◽  
State Support ◽  
Investment Activity ◽  
Russian Economy ◽  
The Government

The article analyzes the problems faced by the Russian economy, and response by the government economic policy. The author considers measures to address four key tasks that will maximize long-term economic growth: the reduction of direct and transaction costs, creation of conditions for the transformation of savings into investments, fostering investment activity through the mechanisms of state support, as well as the removal of demand constraints.

scholarly journals Phenomenon Of SMEs (Small and Medium Enterprises) and Community Mindset

2020 ◽  
Vol 4 (2) ◽  
pp. 101-106
Author(s):  
Sayyida Sayyida ◽  
Alwiyah Alwiyah
Keyword(s):  
Economic Development ◽  
Correlation Analysis ◽  
Small And Medium Enterprises ◽  
Economic Life ◽  
Business Success ◽  
The Core ◽  
Modern Economic ◽  
The Government ◽  
Medium Enterprises ◽  
Government Change

Small and medium enterprises (SMEs) are the core of modern economic life that is very important for economic development in Indonesia, so the government seeks to empower SMEs. Bluto - Sumenep has many SMEs but is difficult to develop. This study aims to analyze the phenomenon of SMEs in Bluto related to the success of their business in relation to education, skills and funds. Questionnaires were used to obtain data from 100 entrepreneurs. The result of correlation analysis shows that there is no relationship between business success with education, skill and fund. This result proves the unique phenomenon of the mindset of the Bluto people who consider that "being an employee is the main one, and the certificate is more important than the skill." The duties of society and government change the mindset of the Bluto people through approach and socialization.

Computing Skills in Forecasting for Liquidity Risk Management in the Indian Banking Industry

2014 ◽  
pp. 948-961
Author(s):  
Rituparna Das
Keyword(s):  
Risk Management ◽  
Central Bank ◽  
Interest Rates ◽  
Time Series Data ◽  
Banking Industry ◽  
Liquidity Risk ◽  
Monetary Base ◽  
Computing Skills ◽  
The Government ◽  
The Interest Rate

Liquidity Risk Management (LRM) in the banking industry happens at two levels: (1) the Central Bank (i.e. the regulator) and (2) the commercial banks. The term “liquidity” for the Central Bank means the monetary base consisting of the currency and the reserves in the banking system. These are the supply side of the interest rate market. The Central Bank being the only supplier of the same can target the interest rates by varying supply of monetary base and vice versa. There are several ways including auctioning and redeeming the government securities for squeezing and pumping liquidity into the system. However, before such recourse, the Central Bank needs an assessment of the liquidity requirement of the system and applies the forecasting techniques, which are mostly econometric by nature involving the time series data. This chapter explores this process.

scholarly journals KAJIAN POTENSI EKONOMI MASYARAKAT NELAYAN DI KABUPATEN KEP. SITARO (STUDI KASUS SIAU BARAT)

2019 ◽  
Vol 18 (3) ◽  
Author(s):  
Vecky A.J. Masinambow ◽  
Jacline I. Sumual ◽  
Krest D. Tolosang
Keyword(s):  
Economic Development ◽  
Regional Development ◽  
Development Strategy ◽  
Coastal Area ◽  
Scientific Publication ◽  
Economic Life ◽  
Economic Potential ◽  
The Development Strategy ◽  
The Government

KAJIAN POTENSI EKONOMI MASYARAKAT NELAYAN DI KABUPATEN KEP. SITARO (STUDI KASUS SIAU BARAT) Vecky A.J.Masinambow, Jacline I.Sumual, Krest D.Tolosang Ekonomi Pembangunan-Fakultas Ekonomi dan Bisnis Universitas Sam Ratulangi Email : [email protected] ABSTRAK Tujuan  yang akan di capai dalam penelitian ini adalah  untuk mengetahui potensi Ekonomi  Masyarakat Nelayan yang ada di wilayah Kabupaten Kepulauan Siau Barat ,Mengkaji kaitan antara potensi dan masalah sehingga dapat disusun strategi pengembangan kehidupan perekonomian masyarakat nelayan  di Kabupaten Kepulauan Sitaro (Studi Kasus Siau Barat). Manfaat Penelitian Sebagai input atau bahan masukan dan pertimbangan bagi pemerintah Kabupatan Kepulauan Sitaro dalam perencanaan pembangunan wilayah terutama pembangunan ekonomi bagi masyarakat di kawasan pesisir Yakni Masyarakat Nelayan. Hasil penelitian ini berupa Publikasi Artikel Ilmiah dalam Jurnal Terakreditasi yang dapat dijadikan sebagai sumber publikasi  bagi Pemerintah Kabupaten Kepulauan Sitaro atau bagi  SKPD yang memiliki kaitan dengan pengembangan ekonomi kawasan pesisir di Kabupaten Kepulauan Sitaro. Kata Kunci : Potensi Ekonomi, Nelayan   ABSTRACT Goals to be achieved in this research is to investigate the potential for Community Economic Fishermen in the region of the Islands District Siau West, Examining the link between the potential and the problems that can be prepared the development strategy of the economic life of fishing communities in the Islands District Sitaro (Case Study Siau West). Benefit Research As an input or input and consideration for the government Kabupatan Sitaro Islands in the planning of regional development, especially economic development for the coastal Namely Fishermen Society. The results of this study are in the Journal of Scientific Publication accredited to serve as a source for the publication of the Government of the Islands District Sitaro or for SKPD, which has links with the economic development of the coastal area in Islands District Sitaro. Keywords : Economic Potential, Fisherman

A Comparative Study of Customer Satisfaction in SBI and ICICI Bank

2017 ◽  
Vol 9 (1) ◽  
pp. 58
Author(s):  
S. C. Batra ◽  
, Shilpa
Keyword(s):  
Economic Development ◽  
Public Sector ◽  
Customer Satisfaction ◽  
Banking Industry ◽  
Satisfaction Level ◽  
Technological Developments ◽  
The Government ◽  
New Policies ◽  
The Cost ◽  
Time And Energy

Banking industry is passing through a challenging phase. The demonetisation policy introduced by the government has affected the banking industry to a great extent. This industry plays a significant role in the economic development of a country but it is facing huge challenges due to increased competition, technological developments, changing customers’ needs and policies of government. In this competitive and fast changing era, it becomes imperative for a bank to satisfy the needs of the customers. They need to keep a close eye on the satisfaction level of customers. Satisfying customers is the key to retain them for a longer period. Banks need to frame policies and strategies for satisfying and retaining customers. The cost of making new customers is high than the cost of retaining customers. The banks are spending a lot of time and energy to frame polices about customer satisfaction. The study has been conducted to compare the satisfaction level of customers of SBI (Public Sector Bank) and ICICI (Private Sector Bank). The study will provide information about the differences in satisfaction level of customers of both banks and banking sectors and will be helpful for framing new policies relating to the customers. The study has been conducted on SBI and ICICI bank in Delhi-NCR.

scholarly journals The role of budget speech: a Malaysian Government study

2014 ◽  
Vol 27 (7) ◽  
pp. 564-580 ◽  
Author(s):  
Laurence Ferry ◽  
Zamzulaila Zakaria ◽  
Peter Eckersley
Keyword(s):  
Economic Development ◽  
Social Cohesion ◽  
Global Financial Crisis ◽  
Economic Life ◽  
Liberal Democracies ◽  
Content Type ◽  
Social Agenda ◽  
The Government ◽  
Malaysian Government

Purpose – The purpose of this paper is to study the role of budget speech in the Malaysian Government as a “hybrid” for governing both the economy and social cohesion. Design/methodology/approach – Through archival research, a governmentality framework and the concept of hybrids (Miller et al., 2008) are employed to explore the role of budget speech in articulating ways in which the government managed the economic and social agenda. Findings – Previous governmentality studies have primarily been conducted on economic performance in western liberal democracies. Such research has illustrated the framework, measures undertaken by the government and choices of the governable person in actions for economic life. This paper applies these studies to a South East Asian context and finds that budget speeches between 2007 and 2011 are hybrids, in that they set out ways of achieving the two key priorities of post-independence Malaysia – the need to promote economic development whilst also fostering social harmony. Most notably, it finds that economic development was the dominant priority in those budget speeches held prior to the global financial crisis and 2008 general election, whereas social cohesion assumed this position from 2009 onwards. Originality/value – The findings have both practical and social implications for Malaysia, but also other jurisdictions that are using budget speeches to try to promote economic reforms and foster social cohesion.

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