Analysis The Use of Electronic Money in Indonesia

Arifin, Mifta Qoirun Nisa; Oktavilia, Shanty

doi:10.15294/edaj.v9i4.39934

Cited by 6 publications

(5 citation statements)

References 9 publications

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“…The existence of e-money will make it easier for the monetary authority to control the money supply through several instruments or policies implemented to control inflation. This research supported by Arifin & Oktavilia (2020) that E-money influences inflation in both the long and short term. The results of the study by Mahatir et al (2020) and Ramadhani & Nugroho (2019) also state that electronic money will increase the money supply, causing inflation.…”

Section: Discussionsupporting

confidence: 68%

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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Section: Discussionsupporting

confidence: 68%

The Impact of a Cashless Payment System on Inflation

Muslikhati¹,

Aprilianto

2022

JEP

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“…In the all period found one-way causality of the variable E-money to APMK with a negative response following Pambudi & Rahadi (2018) and Tee & Ong (2016) that the use of electronic money in Indonesia can shift the number of credit card users whose users are getting smaller because they are replaced with electronic money whose transaction process is faster, easier and liquid. It was also found that the relationship of GDP to APMK with a positive response supported by the research of Arifin & Oktavilia (2020) that the increase in national income was also accompanied by an increase in public transactions towards electronic payments (APMK) because the amount of public income became a benchmark for the significant level of consumption expenditure through non-cash payments.…”

Section: Figure 2 Impulse Response Function All Periodmentioning

confidence: 84%

Non-Cash Instruments and Money Supply in Indonesia During Pandemic Covid-19

2022

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The emergence of the Covid-19 pandemic phenomenon at the end of 2019 caused non-cash transactions to increase, but several macro variables decreased. The study investigates the relationship between Non-Cash Transactions (through APMK and E-money proxies), National Income (GDP), Money Supply (M0), and Velocity of Money with the Vector Auto Regression method. The data was used from 2010 to 2021 at three different times, before Covid-19 and during Covid-19. Our result confirms that there was a relationship between money supply and non-cash transactions, the positive response occurred in all periods, and the negative response occurred during the Covid-19 pandemic. National income positively impacts money supply and velocity of money during all periods and Covid-19. It implicates that electronic money should be increased because it accelerates the circulation of money and can increase the flow of goods and services.How to Cite:Ferlicia, S., Suhel, S., & Andaiyani, S, (2022). Non-Cash Instruments and Money Supply in Indonesia During Pandemic Covid-19. Signifikan: Jurnal Ilmu Ekonomi, 11(2), 383-398. https://doi.org/10.15408/sjie.v11i2.26491.JEL Classification: E41, E52

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“…There are also several literatures that examine the aspects that can affect the usage of E-Money during the pandemic see for instance [14][15][16][17]. Furthermore, these literatures employ the relationship between inflation and stock market to E-Money see for instance [18][19][20].…”

Section: Literature Reviewmentioning

confidence: 99%

The Impact of Covid-19 Pandemic on Electronic Money Transactions

Septianurmayanti¹,

Prasetyo²

2022

Advances in Economics, Business and Management Research

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The rapid technological development has influenced Indonesia's payment system. Due to the pandemic, people tend to seek cashless payment methods to limit physical contact. By using monthly time-series data from Bank Indonesia and Yahoo finance website during 2015-2020, to investigate the influence of the Covid-19 epidemic on E-Money transactions in Indonesia, this study uses the Mann-Whitney U test and Ordinary Least Square (OLS) regression methods. The findings reveal that before and after the application of PSBB in Indonesia, the volume and nominal value of E-Money transactions were significantly different. Moreover, Covid-19 correlates positively with the nominal value of E-Money. Inflation negatively correlates with E-Money, whereas the stock market has no impact on E-Money.

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Analysis The Use of Electronic Money in Indonesia

Cited by 6 publications

References 9 publications

The Impact of a Cashless Payment System on Inflation

The Impact of a Cashless Payment System on Inflation

Non-Cash Instruments and Money Supply in Indonesia During Pandemic Covid-19

The Impact of Covid-19 Pandemic on Electronic Money Transactions

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