<p>Academic discussions on transforming the culture of giving have shifted from direct assistance to long-term empowerment programs due to technology, communication, and informatics development. Therefore, this research aims to describe the practice of digital philanthropy in e-commerce and social enterprises. Data were collected from online-based e-commerce and social enterprise companies in Indonesia that have provided digital giving practice spaces through virtual ethnographic methods, interviews, and online documentation in Indonesia. These platforms include Bukalapak.com, Tokopedia.com, Sedekahonline.com, and kitabisa.com. The results provide an overview to the Muslim community on the practice of digital philanthropy. In addition, this research also provides an overview of the importance of building partners and program campaigns for the digital financial services industry and Islamic philanthropic institutions.</p>

This study aims to analyze the trade cycle in the UK and analyze its relationship to the business cycle. This study uses secondary quarter data in the form of exports, imports, and UK GDP from 1987 to 2016. Band-pass filter data filter method is used in this study to isolate short-term cycles and assume an average growth of each variable. The results of this study indicate that the trade cycle in the UK has a medium-term cycle of around 2-4 years for both exports and imports. And there is a significant relationship between global economic events and movements in the trade cycle. Like in the early 2000s and late 2008. The relationship that exists in the cycle, especially the trade cycle between exports and imports, is found to be procyclical where the conditions are mutually exclusive. Meanwhile, between the trade cycle and the business cycle in the UK, there are many counter-cyclical situations where the relationship between the two cycles is inversely proportional. This is different from the findings of previous studies.

Exchange rate in the last few years has been fluctuating highly. A number of variables were used in this research to analyze which variable has impact on exchange rate. The variables used were export, import, money supply and Bank Indonesia rate, for the period of January 2010 until September 2015, utilizing vector error correction model or VECM estimation method. The results indicate that in the long run, some variables such as import and money supply have significant correlations to exchange rate with positive and negative impact respectively, while export and BI rate have no significant correlation to exchange rate with negative and positive impact respectively. In the short run, all variables bear significant influence on exchange rate except money supply, whereas import, money supply and BI rate maintain a positive relationship with the exchange rate. Meanwhile, export has a negative influence on exchange rate. For impulse response and forecast error variance decomposition, the variable which induced the most shock to exchange rate was import.

Tax is a policy tool to control the market. As Indonesia implied an agriculture tax of about 10% in 2014, it is worthy of capturing how it affects the market. This paper aims to find the effect of the implied tax on the market by seeing the country's sales, demand, imports, exports, and welfare. The method used is GTAP model simulation with the base of GTAP9 and aggregated based on the case applied. The result shows that the tax implied makes the demand, import, and export decrease even for the country that implements it. However, the sale and welfare gained by the origin country are increasing. Even China, the United States, and Australia have difficulty dealing with the policy as their welfare decreases. This research tries to find the effect of the agriculture tax that Indonesia implied in 2014. Using GTAP model simulation reveals how the tax affects the sale, demand, import, export, and gain or loss of welfare country.

Introduction: Islamic finance in Indonesia has a rapid development in this millennial era. Islamic bank is starting to become an option. Islamic financial literacy has an important role for peoples, not least by students. Student as young generation will have a long future and must have the ability of financial skills. If someone takes a decision wrongly then it will result in a lack of retirement planning and poor borrowing behavior. Purpose/Objective Study: The aim of this study focuses on measuring the level of Islamic financial literacy, exploring the effects of the hopelessness, religiosity and financial satisfaction on Islamic financial literacy, and determining the effects of Islamic financial literacy on intentions to use Islamic banks among students. Design/Methodology/Approach: The models being used are simple and multiple regression with ordinary least square method. 376 students samples are taken from Islamic universities in Yogyakarta. Findings: The results proved that students have a high Islamic financial literacy, hopelessness has a negative and insignificant effect while religiosity and financial satisfaction have positive and significant effect toward Islamic financial literacy. The whole model has significant effect toward Islamic financial literacy. This study proved that Islamic financial literacy has a positive and significant effect on the intention to use Islamic bank. Article Type : Research Paper