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The government, through central banks, has a monetary authority to do an intervention, either directly or indirectly. Central banks do a direct intervention by exchanging reserves to influence the exchange rate and do an indirect intervention by increasing or decreasing the interest rate. However, when the currency crises happen, smoothing the currency movements by doing government intervention may reduce fears in the financial markets. This study examines the government intervention effect in 27 countries on the stock market during the crises periods, either during the Asian currency crises or currency crises of each country. To estimate abnormal returns, this study uses the traditional market model. Then, in the lack of official government intervention data, this study uses the proxy of government intervention to estimate the intervention activities. This study shows that in currency crises periods, the government interventions do not effectively impact exchange rate, stock price, and stock market return.
Tujuan kegiatan pengabdian masyarakat ini adalah memberikan pelatihan mengenai Penggunaan Laporan Keuangan Sederhana Berbasis Aplikasi dan Peningkatan Promosi Melalui Media Sosial pada UMKM Sandal dan Sepatu di Desa Sindangsari Kecamatan Pabuaran Kabupaten Serang. Pelatihan ini diharapkan dapat mengatasi permasalahan yang dihadapi mitra dalam hal akses permodalan dan kendala dalam mendistribusikan produk. Selain itu, pengabdian ini juga dapat memberi pemahaman dan penguasaan tentang perkembangan terbaru di bidang laporan keuangan dan media promosi terbaru kepada mitra pengabdian. Metode yang dipakai pada pengabdian masyarakat diantaranya, 1) Survey, 2) Pelatihan Laporan Keuangan berbasis Aplikasi dan Promosi di Media Sosial, dan 3) Monitoring dan Evaluasi, dengan melakukan pendampingan dan evaluasi secara rutin selama periode kegiatan pengabdian. Kedepannya diharapkan mitra dapat menjadi lebih baik dalam pelaporan keuangannya dan terjadinya peningkatan penjualan produk dengan adanya peningkatan promosi yang dilakukan melalui media sosial dan online.
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