Suchergebnisse

The capital market longing as funding for companies and other institutions (e.g. the government) and for investing activities. The capital market provides a source of spending with a longer-term, which is invested in capital goods to create and multiply the means of production, creating markets and promoting healthy economic activity. The COVID-19 pandemic since March 2020 and its policies, such as the lockdown, have triggered a multidimensional global crisis in various fields, especially in the economic sector. Indonesia composite index or "IHSG" can be used to indicate the movement of the Indonesian stock market and stock-based investments, such as stock mutual funds. This research is included in normative juridical research. The authors use 2 (two) approaches, the statutory and conceptual approaches. There are 3 (three) problem formulations: first, Whether the Covid-19 pandemic has affected stock price movements in the capital market. Second, How the Covid-19 pandemic has affected stock price movements in the capital market. Third, How is the government's policy to anticipate the impact of the Covid-19 pandemic on the movement of capital market stock prices. The authors find that the implications of covid-19 are reflected in decline in stock values but also increasing the digital transformation. From the government's perspective,with OJK, several stimulus policies have been issued that are able to maintain market stability and the "IHSG".Keywords: Investment, Capital Market, Covid-19.

Since the beginning of the 20th century till date, crude oil has played a major role as an indicator of economic growth, due to its immeasurable importance in supply of energy demand of the entire world. Over more than four decades, Nigeria has been an important crude oil exporter, her primary product. Crude oil production and export since 1957 has brought a tremendous change to the economy of Nigeria, contributing a large share to the gross domestic product of the country. As reported in Hamilton (2008), high and fluctuating oil prices have become an inevitable result of recent world developments such as strong growth in demand, contribution of scarcity rent and OPEC monopoly pricing. In the light of these, it is of interest to investigate how the Nigerian economy which is heavily dependent on the export of its primary product will be affected by such trends in the world. For the purpose, the study seeks to analyze various economic impacts caused by international fluctuations in crude oil prices on the Nigerian economy between1994Q.1 -2013Q.4 using quarterly data. Output growth and inflation variables have been used to reflect the state of the economy while money supply will capture the monetary policy response to real crude oil price movements. The analysis employs structural VAR methodology. The empirical results suggest a negative relationship between inflation and oil price shock and its volatility over the sample period while response of monetary policy is insignificant. However, both unexpected price shock and volatility imposes a positive impact on the Nigerian output which later may destabilize the economy. Keywords: SVAR, inflation, money supply and crude oil price. ; Öz: Yirminci asrın başından günümüze dek, ham petrol, dünya enerji talebinin karşılanmasındaki rolü nedeniyle, ülkelerin ekonomik büyüme göstergeleri arasında önem kazanmıştır. Dört asrı aşkın bir süreden beri, Nijerya'nın en önemli üretimi olan petrol, ihracat yapısında da en üst sırada yer almıştır. 1957 yılından beri ham petrol üreticisi ve ihracatçısı olan Nijerya'nın ekonomisi, bu sayede değişim göstermiş ve petrol geliri gayri safi milli hasıla (GSMH) içinde önemli bir paya sahip olmuştur. Hamilton'nun (2008) belirttiği üzere, gerek petrola olan küresel talebin artması, gerekse, kaynakların azalıyor olması ve rant ile OPEC ülkelerinin tekel fiyatlaması gibi dünyadaki en son gelişmeler sonucunda, petrol fiyatlarındaki yüksek seyir ve dalgalanmalar kaçınılmaz olmuştur. Bu çerçevede, ekenomisi petrol ihracına bağimlı olan Nijerya'nın, sözkonusu gelişmelerden nasıl etkilenmekte olduğu, çalışmanın ilgi odağı olmuştur. Çalışmada, uluslararası petrol fiyatlarındaki artış ve dalgalanmaların, 1994Q.1 – 2013Q.4 döneminde Nijerya ekonomisi üzerindeki etkileri yapısal VAR (SVAR) yaklaşımı uygulaması ile araştırılmıştır. Nijerya ekonomisi için makroekonomik göstergeler olarak büyüme ve enflasyon, para politikasının tepkisini ölçmek amacıyla ise para arzı kullanılan değişkenler olmuştur. Elde edilen ampirik bulgulara göre, petrol fiyatlarındaki artış ve dalgalanma, Nijeryadaki enflasyonun azalmasına neden olurken, para politikasını etkilememektedir. Dünya petrol fiyatlarındaki artış ve dalgalanma ekonomik büyümeyi olumlu etkilemekle birlikte, ileride ekonomide dengesizliğe neden olabileceği sonucuna varılmıştır. Anahtar Kelimeler: SVAR, enflasyon, para arzı ve ham petrol fiyatı. ; Master of Science in Economics. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Economics, 2014. Supervisor: Assoc. Prof. Dr. Gülcay Tuna Payaslıoğlu.

The article analyzes the mechanism of price change under conditions of "Dutch disease" using the model of centrally planned open economy - net exporter of raw materials. Characteristics of this mechanism are investigated when growth of raw material resources as well as external trade prices increases take place. If the three principles of monetary policy are fulfilled, then, firstly, growth of raw material resource causes increase in price and wage levels in case of zero output of tradable product, and, secondly, the growth of raw material prices leads to increase in price and wage levels in case of any output of tradable product. However, the inflation is caused not by "Dutch disease" itself, but by the rigidity of prices, wages and exchange. It is possible to reduce the inflation by lowering taxes on wages or subsidizing them from rental budget income. А non-monetary anti-inflation package for Russia is recommended.