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World economy and islamic finance : comparison of government policies during the global financial crisis and the COVID-19 Crisis
العناوين الأخرى
الاقتصاد العالمي و التمويل الإسلامي : مقارنة بين سياسات الحكومات خلال الأزمة المالية العالمية و أزمة كوفيد-19
المؤلفون المشاركون
المصدر
Journal of King Abdulaziz University : Islamic Economics
العدد
المجلد 34، العدد 1 (31 يناير/كانون الثاني 2021)، ص ص. 79-92، 14ص.
الناشر
جامعة الملك عبد العزيز مركز النشر العلمي
تاريخ النشر
2021-01-31
دولة النشر
السعودية
عدد الصفحات
14
التخصصات الرئيسية
الملخص EN
-COVID-19 has changed our lives and the way how business, social interacting, and healthcare is delivered like nothing else in modern history.
This study aims to extend the growing body of literature on the topic of the COVID-19 crisis by critically analyzing and comparing government responses to the COVID-19 crisis in 2020, and the global financial crisis (GFC) in 2008.
It focuses on investigating the similarities and differences in size, scope, structure, and timing of government policies between the two.
Government policies and responses of the United States and China, as the main players in the global economy, are being analyzed in depth.
What we seek to examine is whether governments have actually learnt their lessons and used their knowledge from the GFC to fight the COVID-19 crisis.
We also analyze impacts of government measures on the stock market indices, S&P 500 and Shanghai Composite (SSEC).
Our analysis shows that governments’ response to the COVID-19 crisis is quicker and more proficient than it was in the GFC.
One of the effects of the COVID-19 crisis is the increased stock market volatility.
Indeed, we found increased volatility of Dow Jones Islamic Market World Index (DJIM) in the COVID-19 period, compared to pre-crisis period.
Our analysis also shows that DJIM performs much better in the COVID-19 crisis compared to the GFC, i.e., returns are positive and volatility of DJIM returns is significantly lower in the COVID-19 crisis than it was in the GFC.
Islamic finance answers to the recent economic turmoil can be in public-private partnerships.
Sharīʿahcompliant instruments could be used to raise private capital for infrastructure projects
نمط استشهاد جمعية علماء النفس الأمريكية (APA)
Zaimovic, Azra& Dedovic, Layla. 2021. World economy and islamic finance : comparison of government policies during the global financial crisis and the COVID-19 Crisis. Journal of King Abdulaziz University : Islamic Economics،Vol. 34, no. 1, pp.79-92.
https://search.emarefa.net/detail/BIM-1288398
نمط استشهاد الجمعية الأمريكية للغات الحديثة (MLA)
Zaimovic, Azra& Dedovic, Layla. World economy and islamic finance : comparison of government policies during the global financial crisis and the COVID-19 Crisis. Journal of King Abdulaziz University : Islamic Economics Vol. 34, no. 1 (Jan. 2021), pp.79-92.
https://search.emarefa.net/detail/BIM-1288398
نمط استشهاد الجمعية الطبية الأمريكية (AMA)
Zaimovic, Azra& Dedovic, Layla. World economy and islamic finance : comparison of government policies during the global financial crisis and the COVID-19 Crisis. Journal of King Abdulaziz University : Islamic Economics. 2021. Vol. 34, no. 1, pp.79-92.
https://search.emarefa.net/detail/BIM-1288398
نوع البيانات
مقالات
لغة النص
الإنجليزية
الملاحظات
Text in English ; abstracts in English and Arabic.
رقم السجل
BIM-1288398
قاعدة معامل التأثير والاستشهادات المرجعية العربي "ارسيف Arcif"
أضخم قاعدة بيانات عربية للاستشهادات المرجعية للمجلات العلمية المحكمة الصادرة في العالم العربي
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تقوم هذه الخدمة بالتحقق من التشابه أو الانتحال في الأبحاث والمقالات العلمية والأطروحات الجامعية والكتب والأبحاث باللغة العربية، وتحديد درجة التشابه أو أصالة الأعمال البحثية وحماية ملكيتها الفكرية. تعرف اكثر
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