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Dampak Pandemi Covid-19 terhadap Stabilitas Moneter Indonesia Dedi Junaedi; Muhammad Rizal Arsyad; Efrita Norman; Moh Romli; Faisal Salistia
Al-Kharaj : Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol 3 No 1 (2021): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Publisher : Research and Strategic Studies Center (Pusat Riset dan Kajian Strategis) Fakultas Syariah IAI Nasional Laa Roiba

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (569.238 KB) | DOI: 10.47467/alkharaj.v3i1.149

Abstract

This study aims: (1) to analyze the effects of the pandemic and the differences in policies in handling the Covid-19 pandemic on Indonesia's monetary stability; (2) to analyze the effect of money supply, BI-rate, market operations, stock index on Indonesia's monetary stability. This study uses quantitative analysis methods with multiple dummy variable regression. As a result, the number of pandemic cases and differences in policies had a significant effect on the stability of the rupiah. Simultaneously, the stability of the rupiah exchange rate is influenced by pandemic variables (cases, deaths, recovery and pandemic management policies, money supply (M1, M2), market operations (conventional and sharia), reference interest rates (BI-rate), inflation rate. foreign exchange reserves, financial stock index. These independent variables are correlated with the rupiah exchange rate with a correlation coefficient of R2 0.927073. The pandemic management policy, whatever its name, tends to weaken the rupiah exchange rate position. the exchange rate of the rupiah, meanwhile the formation of a task force had a lighter impact on pressing the rupiah compared to other policies.
Dampak Kawasan dan Status Negara  terhadap Pertumbuhan Ekonomi  Negara-Negara Terdampak Covid-19 Dedi Junaedi; Faisal Salistia
Al-Kharaj : Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol 3 No 1 (2021): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Publisher : Research and Strategic Studies Center (Pusat Riset dan Kajian Strategis) Fakultas Syariah IAI Nasional Laa Roiba

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1096.843 KB) | DOI: 10.47467/alkharaj.v3i2.187

Abstract

The COVID-19 pandemic has had multi-sectoral impacts, including disrupting the economic growth of many countries. This study aims to analyze the impact of the COVID-19 pandemic, fiscal capability as well as regional differences and country status on the economic growth of the affected countries. The method used is a quantitative method with a saturated sample of 135 countries, and a regression analysis approach with dummy variables. The results showed that the variables of pandemic cases, exposure time, population, regional differences and country status differences affected the economic growth of the affected countries (R2 0.6373). If the pandemic is under control and there is no disparity in management between regions and between countries, then global economic growth has the potential to be positive at 0.18%. If state spending is increased, it has the potential to reduce the impact of economic contraction by 0.27%. The management of the pandemic in the Asian, American and African regions is significantly different from that in the Australian region. Poor countries are different from developed countries, but not different from middle-income countries, in managing pandemics in their regions. In relative terms, the impact of the pandemic in Asia, America and Africa is heavier than other regions.