• The Journal of Asian Finance, Economics and Business
• /
• 제8권2호
• /
• pp.1269-1275
• /
• 2021

The phenomenon of money laundering through capital market instruments and various investment instruments in it is a challenge for law enforcement officials, particularly the Corruption Eradication Commission (KPK) in investigating money laundering crimes originating from corruption. This study aims to analyze comprehensively about: (1) implementation of policies on prevention and eradication of money laundering at the KPK in the context of handling money laundering on the capital market; and (2) an effective model for implementing policies to prevent and eradicate money laundering in the KPK in the context of handling money laundering on the capital market. By using a qualitative approach and Interactive Model analysis from Miles and Huberman, it was concluded that the results of the implementation of the policy of preventing and eradicating money laundering at the Corruption Eradication Commission in the context of handling money laundering crimes in the capital market had a positive impact on society, individuals and groups. The theoretical implications of the results of this study are related to the content of policy that is still relevant but for the context of implementation it needs to be refined or reconstructed by adding three elements, namely: communication, monitoring, and evaluation and security.

• Journal of the Korean Statistical Society
• /
• 제4권2호
• /
• pp.113-125
• /
• 1975

The money market has been existing in various forms for a long time. Until 1972, however, the market had supplied mainly short-term loans of commercial banks and loans of informal money lenders to business corporations. There was no market for notes and commercial papers of business corporations. Consequently, business corporations had to rely primarily upon commercial banks for short-term credit loans to supplement their working capital. The interest rate on loans of commercial banks had been set below a free market equilibrium rate and thereby, generated excess demands for the loans. Unsatisfied potential borrowers thus had to turn to informal money lenders for short-term cerdit loans of prohibitively high interest rate. Since 1972 investment and finance companies have been operating in the money market and their role in mobilizing short-term loans is increasing. This paper aims at estimating the equilibrium size of the money market.

• The Journal of Asian Finance, Economics and Business
• /
• 제1권1호
• /
• pp.15-21
• /
• 2014

This study investigates extensively the integration of various segments of financial markets (i.e. money market, lending and deposit market, exchange rate market, and capital market) both domestically and internationally. Cointegration approach is employed in the study to find out long term relationship among the variables. Data are on a monthly interval for the period spreads over 2001 to 2010. The results show no evidence of cointegration between money market and exchange rate market and between capital market and exchange rate market of Pakistan. On the other hand, international financial markets integration is also investigated and the findings revealed that domestic money market rates of Pakistan and USA are not cointegrated. Whereas, an evidence of cointegration between capital markets of Pakistan and USA is found in this study.

• Journal of Information Science Theory and Practice
• /
• 제8권3호
• /
• pp.6-14
• /
• 2020

On information markets, we can identify different relations between sellers and their customers, with some users paying with money, some paying with attention, and others paying with their personal data. For the description of these different market relations, this article introduces the notion of arity into the scientific discussion. On unary information markets, customers pay with their money; examples include commercial information suppliers. Binary information markets are characterized by one market side paying with attention (e.g., on the search engine Google) or with personal data (e.g., on most social media services) and the other market side (mainly advertisers) paying with money. Our example of a ternary market is a social media market with the additional market side of influencers. If customers buy on unary markets, they know what to pay (in terms of money). If they pay with attention or with their personal data, they do not know what they have to pay exactly in the end. On n-ary markets (n greater than 1), laws should regulate company's abuse of money and-which is new-abuse of data streams with the aid of competition (or anti-trust) laws, and by modified data protection laws, which are guided by fair use of end users' attention and data.

• 한국정보통신학회:학술대회논문집
• /
• 한국해양정보통신학회 2003년도 추계종합학술대회
• /
• pp.652-655
• /
• 2003

전자지불 시스템의 발달로 인해 현금이나 수표 등 전통적 결제수단이 정보기술을 활용한 전자화래 결제로 대체되고 있다. 국내 전자화폐 시장은 소액지급결제부문을 중심으로 급속히 증가할 것으로 예상된다. 하지만 현재 시장현황은 예상과 달리 인식부족, 기반시설미비, 법ㆍ제도적 미비, 업체의 영세성 등으로 일부분야를 제외하고는 활성화되지 못하고 있다. 향후 전자화폐가 일반 및 인터넷 쇼핑몰 대금 결제 이외에 교통카드, 신용ㆍ직불ㆍ현금카드, 보안카드, 의료카드, 신분증, 인증서 보관 등 다양한 용도로 이용 가능하게 되면 크게 활성 될 전망이다. 이에 본 논문은 향후 국내 전자화폐 시장에 대한 동향을 분석하고 전망해 그 대비책을 강구해 본다.

• 한국콘텐츠학회논문지
• /
• 제18권7호
• /
• pp.519-526
• /
• 2018

최근 가상화폐에 대한 관심이 증대되고 있는 실정이다. 전통적인 자산을 추구하는 것이 안전하다는 견해도 있으며 가상화폐로 인해 다각화될 수 있는 금융사회에 긍정적인 변화를 기대하기도 하는 입장의 자산전문가들도 있다. 현재 가상화폐 시장은 미성숙한 상황이라 볼 수 있으며, 아직 가상화폐에 대한 안정성이 확보 되지 않은 상태이기에 가상화폐의 거래에 대한 잠재적인 위험이 발생할 가능성이 높다. 본 연구에서는 가상화폐가 시장거래에 있어서 안정화에 기여할 수 있는 평가요인들을 도출하여 중요우선순위를 도출하고자 한다. 주요 평가요인으로는 거래환경의 관점, 기술적 관점, 이익적 관점으로 선정하였으며 이에 따른 하부요인들의 중요도는 AHP를 적용하여 분석하였다.

• The Journal of Asian Finance, Economics and Business
• /
• 제3권3호
• /
• pp.57-65
• /
• 2016

The purpose of this paper is to investigate the volatility of both Islamic and conventional stock market in Indonesia with the aim of identifying the most appropriate model for risk management practice. The study considers GARCH as a genre of model to measure the volatility of stock market movement. The results support the view that each model shows specific volatility from both Islamic and conventional stock market in Indonesia. In Islamic stock market, volatility is affected by exchange rate and money supply (M1) but not interest rate as interest is prohibited in Islam. However, interest rate is found as a principal factor that affects volatility of conventional stock market. The outcomes of this paper are of particular significance to policy makers, as it provides guidelines to maintain economic health. Furthermore, the findings may assist practitioners to understand the consequences of macroeconomic factors such as exchange rate, money supply and interest rate, which are very crucial for the market stability of Indonesian stock market. The paper enhances the understanding of stock market volatility and proposes guidelines risk management practices.

• The Journal of Asian Finance, Economics and Business
• /
• 제7권7호
• /
• pp.241-249
• /
• 2020

The role of money in the modern economy highly determines the intensity and the development of the macroeconomy. The money supply is assumed to be as much as money demand, which reflects the economic character of a country and indicates the growth and development of macroeconomy. In Indonesia, the money supply (M1) is related to the economic dynamics in either the monetary market or the goods market. This research aims at analyzing factors that influence the money supply and to what extent the economic factors affect the money supply in Indonesia. The analysis method used in this research was Vector Autoregressive (VAR) with some variables, such as money supply (M1), interest rate, and Gross Domestic Product (GDP) from the 1st quarter of 2001 until the 1st quarter of 2013. The data collection method was in the form of data compilation from credible sources, such as Bank of Indonesia (BI), Central Bureau of Statistics (CBS), and International Financial Statistics (IFS). To obtain adequate analysis results, several tests were taken, such as unit-root test, Granger causality test, and optimal lag. VAR analysis formulates the correlation among independent variables, so it also sees the study of impulse response and matrix decomposition.

• The Journal of Asian Finance, Economics and Business
• /
• 제8권3호
• /
• pp.1349-1359
• /
• 2021

The electronic money market in Indonesia continues to experience an increase in the number of users and volume of transactions. However, the electronic money market, especially server-based, in Indonesia is becoming concentrated into a few issuers. Electronic money issuers compete in price and promotion wars to gain new customers and maintain their existing ones. This paper presents an analysis of the orientation and factors that influence the loyalty in electronic money products. The research model variables in this study are adopted from the E-Service Quality and Marketing Mix categories. These variables are hypothesized to affect the perceived value and then customer loyalty. The research population consists of all Indonesians who use server-based electronic money, with a sample of 400 individuals. The results show that, in the E-Service Quality group, reliability, responsiveness, and security significantly affect perceived value, while the perceived price and perceived promotional benefits significantly affect perceived value in the Marketing Mix group. The perceived price has the highest effect on the perceived value and customer loyalty, while the perceived value has a significant effect on customer loyalty. Finally, it was found that the customer is more sensitive to the price than quality in using electronic money.

• 현장농수산연구지
• /
• 제13권1호
• /
• pp.185-202
• /
• 2011

As a result of survey the dealings amounts of agricultural products in the public management wholesale market from 1997 to 2009 for 13 years, that makes composted of 54,706 tons in 1997, 130,345 tons in 2003 by increasing 238%, that is resulted of about 20% increase every year. As a result of survey the dealings money of agricultural products in the public management wholesale market from 1997 to 2009 for 13 years, that makes composted of 168,074 million won in 1997, 323,232 million won in 2003 by increasing 192%, that is resulted of about 16% increase every year. It has corelation with dealings amounts and money each other, also appeals to transition without discrimination, but making high amounts than money. It is divided into excellent, good and poor products according to freshness, pileus size, color and stem length to forwarding method field survey in farm produce wholesale market.