The share of Chinese trade settled in its currency has been gradually rising, with China’s ‘robust exports’ and strict capital controls seen to be contributing to the trend.
Psychological factors play an important role in the economy and in predicting the state of the economy. One of the measurement tools of these factors is the consumer confidence index (CCI), which has recently received much attention from both researchers and policymakers. For years, Bank Indonesia has conducted surveys through face-to-face and phone call interviews with several respondents who were used as research samples to control information on economic fundamentals. The purpose of this study is to explore a new variable that is thought to affect the consumer confidence index in Indonesia and explain the influence between variables from the results of secondary data processing. This study used the multivariate regression model and t-test equations with a significance level of 5%. The variables used in this study are the foreign exchange rate, unemployment rate, corruption control index, inflation rate, and consumer confidence index from January 2015 to December 2019 in Indonesia. T
Minister of Economy and Finance Choo Kyung-ho reiterated that he thinks that the possibility of the Korean economy having a major financial crisis is very low. During a meeting with reporters at the annual congress of Asian Development Bank (ADB) in the Philippines, Choo said that the current phase of soaring key interest rates cannot carry on in the long term.“Although no one can be sure about the future moves of the U.S. dollar and global interest rates, I think the current situation is not one where soaring interest rates can go on for a long period of time,” Choo said. The finance minister explained that he thinks the interest rate could go up for a certain period of time, but in the end, the interest rate is subject to fluctuation according to the interaction between the economy and interest rates to create certain policies by governments.” China has the world s largest foreign reserves, yet these reserves only account for about 18 percent of its economy. Considering that Ko