The impact of COVID-19 on ASEAN

Chong, Terence Tai Leung

doi:10.1080/20954816.2020.1839166

Cited by 51 publications

(40 citation statements)

References 8 publications

(6 reference statements)

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“…As the situation did not show any sign of receding, the President of Indonesia declared Covid-19 as national disaster on 13 th April 2020. By 1 st May 2020, Indonesia reported cases of more than 23,000 (Chong et al, 2020).…”

Section: Introductionmentioning

confidence: 99%

Impact of Covid-19 on Islamic Stock Markets: An Investigation using Threshold Volatility and Event Study Models

Irfan

Kassim

Dhimmar

2021

IJIEF

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The Covid-19 is an unexpected event in the world history with substantial socio-economic impact on the global economy. The global financial market was also badly affected as reflected by the extreme volatility as well as weak performances in the stock markets all over the world. How do the Islamic stock markets in various parts of the world behave during the Covid-19 shock? The objective of this study is to identify the impact of the Covid-19 pandemic as declared by the World Health Organization on the Islamic stock markets. Using the threshold volatility and event study models, the study analyses the impact of the Covid-19 announcement on the Islamic stock indices in the Indian Stock Exchange (represented by the Bombay Stock Exchange - BSE Shariah Index) and Indonesian Stock Exchange (represented by the Jakarta Islamic Indices - JII). With the date of event identified as 11th March 2020, the event window consists of 60, 30, and 20 days. The results show that the BSE Shariah and JII have positive coefficients, with the BSE Shariah Index shows negative response to the announcement of Covid-19 as global pandemic. On the other hand, the JII reacted positively to the event. The study shows the reaction of a stock exchange is dependent on other economic factors unique to the country, resulting in the events impact of the Covid-19 to vary from one country to another.

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Section: Introductionmentioning

confidence: 99%

Impact of Covid-19 on Islamic Stock Markets: An Investigation using Threshold Volatility and Event Study Models

Irfan

Kassim

Dhimmar

2021

IJIEF

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“…The coronavirus-associated severe acute respiratory syndrome is contagious (Ahmed, 2021). According to earlier research, covid has a considerable negative influence on the Balance of Trade (Lal, 2021;Chong et al, 2021;Wang et al, 2021). In his research, Ahmed (2021) stated that covid has a positive correlation with BOT.…”

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

Implications of the Trade Balance on the Indonesia Composite Index

Safitri¹,

Oktavia²

2022

Advances in Intelligent Systems Research

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This paper aims to determine the effect of the Covid-19 scenario, the Rupiah Exchange Rate, on the Indonesia Composite Index via the Balance Of Trade. From September 2019 to August 2021, the variables employed in this study are the development of active cases in Indonesia, as well as macroeconomic indicators such as the Rupiah Exchange Rate (ER), Balance Of Trade (BOT), and Indonesia Composite Index (ICI). The research approach used in this study is a quantitative descriptive study with the analytical tool WarpPls version 5.0. The obtained results prove that C-19 has a considerable adverse influence on BOT in Indonesia. The second finding is that ER has a significant favourable impact on BOT. Thirdly, C-19, ER, and BOT have a strong beneficial effect on ICI. The Sobel test established that BOT can mediate the effects of C-19 and ER on ICI. The research concludes that investors should monitor the evolution of C-19 and macroeconomic variables such as ER and BOT that substantially impact ICI movements before participating in the capital market.

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“…Another factor that encourages more institutionalized governance in the SCS is the fact that with the exclusion of Myanmar and, to a lesser extent, Thailand and Malaysia, the domestic political and economic situation in the ASEAN states and China has been stable although the risk of the negative impact of the pandemic outbreak on the ASEAN economies cannot be ignored (Chong et al, 2020). Whereas China's bilateral relations with some countries such as the Philippines and Vietnam deteriorated in early 2010, from 2016 onward, the overall relations have improved albeit not without sporadic rows overfishing, energy exploration, and law enforcement activities in disputed waters.…”

Section: Conditions For Institutionalized Governance In the Scsmentioning

confidence: 99%

Disputes in the South China Sea: Does the Arctic Council offer a viable regional governance model?

Yilmaz

Liu

2022

Asian Politics and Policy

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Territorial disputes in the South China Sea (SCS) over sovereignty, jurisdictional boundaries, and entitlements continue to demand attention from policymakers and analysts. Under the pressure of the intensifying China‐US strategic rivalry, the region has also become a primary theater for military and political muscle‐flexing. Maintaining regional peace and development has therefore become a greater urgency. In this article, we argue that a regional actors‐led institutional mechanism consisting of a core and integrated periphery may provide the required formalized space to govern the SCS through clearly defined rules and legally binding regulations drawn both from the regimes that exist in the region and from the international conventions. We analyze the conditions behind and implications for the formal institutionalization in the SCS modeled after the Arctic Council. This article claims that a new thinking on regional maritime governance in the SCS is now a strategic imperative.

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The impact of COVID-19 on ASEAN

Cited by 51 publications

References 8 publications

Impact of Covid-19 on Islamic Stock Markets: An Investigation using Threshold Volatility and Event Study Models

Impact of Covid-19 on Islamic Stock Markets: An Investigation using Threshold Volatility and Event Study Models

Implications of the Trade Balance on the Indonesia Composite Index

Disputes in the South China Sea: Does the Arctic Council offer a viable regional governance model?

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