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IJSTR >> Volume 9 - Issue 12, December 2020 Edition

International Journal of Scientific & Technology Research  
International Journal of Scientific & Technology Research

Website: http://www.ijstr.org

ISSN 2277-8616

Financial Crisis And Debt Based Economic, Case Study Global Three Crisis In Asia 5

[Full Text]



Budi Sasongko, Suryaning Bawono



Asia, Usury, Digital Economic, Monetary, Financial, Crisis.



This paper discusses the bad evidence of usury in the economy in ASIA 5, including Indonesia, Malaysia, Thailand, China, and South Korea, to answer why major religions (Islam, Christianity, Judaism) in the world prohibit usury. We use a qualitative research method of content analysis by gathering some evidence that can be justified using source triangulation and method triangulation and combining it with quantitative content analysis, which measures qualitative findings and analyzes them quantitatively using Threshold Autoregressive as a proxy to predict future economic conditions by considering each of them. Each of the exchange rate regimes and the crisis period experienced by the five countries. We find that the higher usury is proxied by the interest rate, the more it is burdening the five countries to recover from the crisis. And we found that direct investment can boost the economy and can increase economic resilience to financial crises.



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