Analysis of The Effect of Exchange Rates, E-Money and Interest Rates on The Amount of Money Supply and Its Implications on The Inflation Level in Indonesia 2012-2017 Period

Ramadhani, Rizal; Nugroho, Widyo

doi:10.32535/ijafap.v2i1.364

Cited by 5 publications

(9 citation statements)

References 3 publications

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“…Riset mengenai pengaruh e-money terhadap inflasi sebenarnya sudah banyak dilakukan (Darmawan, 2020;Widiarsih & Romanda, 2020;Daniyanti, 2020;Sa'idah, 2019;Rahmayuni, 2019;Putra, 2019;Ramadhani & Nugroho, 2019;Lubis, 2019;Lintangsari et al, 2018;Yuwono, 2017;Zunaitin et al, 2017). Perbedaan riset ini dengan riset-riset tersebut adalah riset-riset tersebut meneliti nilai atau volume transaksi e-money terhadap inflasi, sedangkan riset ini meneliti pengaruh dari periode sebelum dan sesudah pencatatan e-money oleh Bank Indonesia, terhadap inflasi.…”

Section: Pendahuluanunclassified

“…Terdapat beberapa riset yang sudah melakukan meneliti pengaruh e-money, JUB dan velocity of money terhadap inflasi. Risetriset tersebut menggunakan berbagai macam metode analisis, yaitu analisis statistik deskriptif dan model regresi dengan robust standard error (Safitri & Ariza, 2021), metode analisis regresi sederhana (Ramadhani & Nugroho, 2019), metode analisis regresi berganda (Darmawan, 2020;Lubis, 2019;Rahmayuni, 2019;Lintangsari et al, 2018;Zunaitin et al, 2017), analisis jalur (path analysis) (Daniyanti, 2020;Putra, 2019), error correction model (ECM) (Widiarsih & Romanda, 2020;Sa'idah, 2019;Yuwono, 2017) dan metodologi GMM (Kim & Subramanian, 2009).…”

Section: Riset Terdahuluunclassified

“…Dari riset-riset di atas, ada peneliti yang menggunakan nilai transaksi e-money (Sa'idah, 2019;Putra, 2019;Lubis, 2019) atau volume transaksi e-money (Yuwono, 2017) sebagai indikator untuk e-money. Tapi ada beberapa peneliti yang tidak secara eksplisit menyatakan indikatornya melainkan hanya menyebutnya sebagai JUB atau transaksi menggunakan alat elektronik (Daniyanti, 2020;Ramadhani & Nugroho, 2019;Zunaitin et al, 2017).…”

Section: Riset Terdahuluunclassified

“…Dalam riset-riset yang mempelajari pengaruh JUB terhadap inflasi, ada peneliti yang menggunakan M1 (Putra, 2019;Lintangsari et al, 2018), ada yang menggunakan M2 (Ramadhani & Nugroho, 2019;Zunaitin et al, 2017) dan ada yang menggunakan uang kartal (Daniyanti, 2020) sebagai indikator untuk JUB.…”

Section: Riset Terdahuluunclassified

“…Metode riset dan indikator dari riset emoney terhadap inflasi yang berbeda-beda membuat riset-riset tersebut memiliki berbagai macam hasil. Ada yang menemukan e-money berpengaruh positif (Darmawan, 2020;Rahmayuni, 2019;Lintangsari et al, 2018) dan ada yang menemukan e-money tidak berpengaruh terhadap inflasi (Zunaitin et al, 2017;Lubis, 2019;Ramadhani & Nugroho, 2019). Peneliti yang membedakan pengaruh emoney menurut jangka waktunya, semua menemukan pengaruh e-money dalam jangka panjang positif, tetapi dalam jangka pendek ada yang menemukan pengaruhnya positif (Yuwono, 2017), negatif (Widiarsih & Romanda, 2020) dan tidak berpengaruh (Sa'idah, 2019).…”

Section: Riset Terdahuluunclassified

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Uji Efek E-Money Terhadap Perubahan Struktur Model Inflasi

Fevriera,

Putra,

Siwi

2023

EKOMBIS

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Tujuan riset ini adalah untuk menganalisis apakah terdapat perbedaan struktur antara model inflasi sebelum dan sesudah adanya e-money di Indonesia serta untuk mengetahui apakah JUB dan velocity of money mempengaruhi inflasi di Indonesia pada tahun 1990-2021. Riset ini menggunakan data runtun waktu berupa inflasi, JUB dan dummy variable berupa periode pencatatan e-money oleh Bank Indonesia. Sementara velocity of money dihitung menggunakan data inflasi, JUB dan PDB berdasarkan teori kuantitas uang. Analisis dalam riset ini menggunakan uji Wald untuk perubahan struktur dan model regresi berganda non linier yang diestimasi dengan metode ordinary least square (OLS). Riset ini menemukan bahwa tidak terdapat perbedaan struktur model antara periode sebelum dan sesudah pencatatan e-money atau e-money tidak berpengaruh terhadap inflasi. Secara parsial, JUB tidak berpengaruh, sedangkan kecepatan uang berpengaruh signifikan negatif terhadap inflasi.

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Section: Pendahuluanunclassified

Section: Riset Terdahuluunclassified

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Uji Efek E-Money Terhadap Perubahan Struktur Model Inflasi

Fevriera,

Putra,

Siwi

2023

EKOMBIS

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Analysis of the Use of E-Money, Money Supply, and Gross Domestic Product on Interest Rate

Setyowati,

Zuhroh,

Werdiningsih

et al. 2024

KSS

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This research aims to examine the effect of a direct relationship between the use of e-money and the circulation of money on interest rates, as well as an indirect effect, namely through the intervening variable gross domestic product. This research method uses a statistical model of path analysis. The sample used was secondary data fetched from the Website of Bank Indonesia (BI) and the Central Bureau of Statistics (BPS), since regulation on electronic payment method was officially issued by Bank Indonesia in May 2009-March 2023. The test results shows that e-money and money supply each, have a significant positive effect on gross domestic product variables. Gross domestic product variables had a negative effect on interest rates. E-money and money supply variables has a negative effect on interest rates, both directly or indirectly through the intervening variable of gross domestic product. Increasing e-money user and money supply, preponderant to gross domestic product, can decrease the interest rate. The results of this research are expected to provide benefits as a prediction of the Indonesian economy in the future, as a result of the issuance of electronic payment instruments. So for the regulators, they can set the right interest rate policy to be able to maintain stable economic conditions. Keywords: electronic money, money supply, gross domestic bruto, interest rate

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The Impact of a Cashless Payment System on Inflation

Muslikhati¹,

Aprilianto

2022

JEP

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The rise of transactions without using money or what is commonly referred to as cashless transactions. Cashless transactions have several advantages, namely, functional, effortless, and quick. In addition, cashless transactions get an impact on monetary policy in Indonesia. The convenience obtained when conducting cashless transactions results in the acceleration of the velocity of money. Although the number of cash transactions in the community has decreased, the rate of money creates a high intensity with the use of cashless transactions. If the power of money circulation is high, it is feared that it will cause inflationary effects. This study aims to determine the impact of the cashless payment system on inflation. A quantitative approach was used in this study with secondary data which in the source obtained through documentation techniques obtained from Bank Indonesia (BI) and the Central Statistics Agency (BPS). from January 2009 until December 2020. The analysis technique uses multiple linear regression analysis. The results showed that the electronic-money variables had a significant negative effect, the debit card variables had a significant positive impact, the credit card variables had an insignificant negative effect, and the interest rate variables had a significant positive impact.

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Analysis of The Effect of Exchange Rates, E-Money and Interest Rates on The Amount of Money Supply and Its Implications on The Inflation Level in Indonesia 2012-2017 Period

Cited by 5 publications

References 3 publications

Uji Efek E-Money Terhadap Perubahan Struktur Model Inflasi

Uji Efek E-Money Terhadap Perubahan Struktur Model Inflasi

Analysis of the Use of E-Money, Money Supply, and Gross Domestic Product on Interest Rate

The Impact of a Cashless Payment System on Inflation

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