Australian Finance & Banking Review

AN EXPLORATORY STUDY ON EFFICACY OF DEMONETIZATION IN INDIA: POLICY ROLLOUT ON DEMONETIZING OLD CURRENCY

Abdul Masood Panah, Y. Muniraju — Sun, 28 Feb 2021 00:00:00 +0000

Demonetization is the process of declining the use of currency from circulation by the government or monetary authorities in a country. This research paper analyses the efficacy of Indian demonetization from common public perspectives, the policy that the government of India has implemented to fight against black money, drying the financial roots of terrorism, and direct the civilization towards digital transactions and a cashless economy. A field survey was conducted in Karnataka and Kerala’s coastal region by distributing a structured questionnaire among the common public to generate the data. The authors run descriptive statistics and ordinal regression analysis to obtain the result for the study’s objectives. The descriptive statistics result found that demonetization increased the number of bank account holders in India. There is not much impact of demonetization on controlling evasion of tax and illegal investments of black money, and the policy adversely affects regular business in the country. The findings from ordinal regression reveal that the time frame was given to the public to demonetize their old notes were sufficient; money circulation was well planned at the time of demonetization. The policy implemented at the right time and the common public, despite facing enormous challenges while purchasing goods and services at the time of demonetization, considers that demonetization implementation was effective.

JEL Classification Codes: E5, E6, E7, E58, E60.

THE DETERMINANCE OF THE FINANCIAL BEHAVIOR AMONG GRADUATE STUDENTS IN INDONESIA

Mon, 01 Mar 2021 00:00:00 +0000

The lifestyle of adolescents who migrate to work and college will largely determine their future. Concerns about economic conditions can cause problems with their behavior. This research has aimed to explore the most influential factors on Financial Behavior among graduate students in Indonesia. The Primary data collected by distributing questionnaires using a Likert scale. There are 239 samples have collected based on the combination of purposive and convenience sampling methods. The study used descriptive statistical techniques and path analysis techniques for data analysis. Based on path analysis results, study findings indicate that there is a significant influence of financial knowledge on financial self-efficacy; financial self-efficacy and financial knowledge on financial behavior; financial attitude and financial self-efficacy on financial behavior but there is no significant influence of financial knowledge on financial behavior. The study results also showed that adolescent habits are still not good but can be improved through education such as character education and achievement of a better motivation to deal with economic problems. The study recommended that the good habits can be passed on to friends of his age, especially adolescents so they can have a good future.

JEL Classification Codes: F36, G02, A23.

AN ANALYSIS ON THE EFFECTS OF CORONAVIRUS (COVID-19) ON THE FINANCIAL MANAGEMENT OF MULTINATIONAL CORPORATIONS

Thu, 04 Mar 2021 00:00:00 +0000

This paper develops a sensible framework to get a handle on the spatiotemporal plans of the COVID-19 event, its real nature, and its implications to the Financial Management of MNCs (Multinational Corporations). In the most straightforward structure, the construction of multinational Corporations is included a parent organization that holds all licensed innovation rights, contract makers or undeniable makers which complete the creative work in the nations with low work costs, and the restricted or undeniable wholesalers that sell the completed merchandise in different business sectors and behaviors market explores in their nations of activity. The pandemic effect on financial movement contrasts as far as extent and force. This has delivered unrivaled proportions of shortcomings. This paper tries to diagram the overall elements of worldwide Financial Management of MNCs (Multinational Corporations) with country explicit dangers and primary dangers. Fundamental data is accumulated from different online media, adroit journals, various kinds of examination papers, and other online sources, etc. The globalization of Financial Management of MNCs (Multinational Corporations) is coordinated to the enormous extension of greatness and enhancement of monetary exchanges. At long last, all areas show and portray in detail this subject and give a few suggestions to conquer the present circumstance.

JEL Classification Codes: F36, G32, F23.

TREND, DIRECTION AND PERFORMANCE OF AFGHANISTAN’S INTERNATIONAL TRADE

Sayed Ahmad Rashid Ashrafi, Vishwanatha Kalaiah — Sat, 10 Apr 2021 00:00:00 +0000

Afghanistan is at a strategic location which acts as an important corridor in Asia and connects powerful industrial economies such as India and China to Northern Asia and to Europe via dry and seaways and vice versa through the Lapis Lazuli Corridor, Chabahar port and other corridors. The study asses to perceive the performance and trend of Afghanistan’s export and import. Moreover, the study points out to the destinations of Afghanistan's exports by regions and origin of Afghanistan’s imports by regions. The paper descriptively concentrates on direction, trend, and performance of the Afghanistan trade. The data is retrieved from numerous secondary sources encompass National Statistic and Information Authority and Ministry of Trade and Industry of Afghanistan. The period selected is from 2002 to 2018. Moreover, the research is based on quantitative data and descriptive statistics have been used to analyze the trend and direction of the Afghanistan trade. The study shows that there is an ascending direction of Afghanistan's export to Emerging and Developing Asian Economies majorly includes Pakistan, India and Bangladesh, while it indicates a descending export direction to Advanced Economies, Commonwealth Independent States, Middle East, and European Nations. Furthermore, Afghanistan's import shared with the regions is in an unstable form.

JEL Classification Codes: F1, F10, F19.

SATISFACTION OF INDIVIDUAL TAXPAYERS’ IN BANGLADESH

Shameem Ahmed, Md. Mahadi Masud Faisal — Tue, 05 Oct 2021 00:00:00 +0000

As a developing country revenue is necessary to accelerate the economic growth of Bangladesh. Besides, implementation of the tax law, individual taxpayers’ satisfaction will accelerate the collection of tax. The main objective of the study is to find out the impact of some determinants or factors which influence the overall satisfaction of the individual taxpayers’ of Bangladesh. In this study, quantitative data was gathered by taking personal interviews among 450 respondents and the response rate was 93.33%. Empirical tests using factor analysis and tests of hypothesis were performed in the study. The study incorporated three factors: tax rate, taxpaying system, and the behavior of tax employees. These three factors are considered to play a significant role in individual taxpayer satisfaction in Bangladesh. All the variables showed a significant and positive relationship between the independent variables and the dependent variable, taxpayers’ satisfaction. The study suggests some recommendations in order to increase the effectiveness of the tax collection rate by satisfying individual taxpayers’.

JEL Classification Codes: H24.