THE IMPACT OF COVID-19 PANDEMIC ON ELECTRONIC MONEY TRANSACTIONS: A STUDY CASE IN INDONESIA
The rapid technological development has influenced Indonesia’s payment system. Due to the pandemic, people tend to seek cashless payment method to limit physical contact. By using monthly time-series data from Bank Indonesia and Yahoo finance website during 2015 – 2020, this study employs Paired...
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id-itb.:577792021-08-26T11:36:02ZTHE IMPACT OF COVID-19 PANDEMIC ON ELECTRONIC MONEY TRANSACTIONS: A STUDY CASE IN INDONESIA Vivi S, Carmelita Indonesia Final Project E-Money; Covid-19; Cashless; Inflation Rate; Stock Market INSTITUT TEKNOLOGI BANDUNG https://digilib.itb.ac.id/gdl/view/57779 The rapid technological development has influenced Indonesia’s payment system. Due to the pandemic, people tend to seek cashless payment method to limit physical contact. By using monthly time-series data from Bank Indonesia and Yahoo finance website during 2015 – 2020, this study employs Paired Samples and Ordinary Least Square (OLS) regression methods to determine the impact of Covid-19 pandemic on E-Money transactions in Indonesia. This study uses E-Money transactions which consist of volume (Y1) and nominal value (Y2) of E-Money as dependent variables. Covid-19 (X1) as a dummy variable. Inflation Rate (X2) and Stock Market (X3) are included as control variables. The result shows that there is a significant difference in volume and nominal of E-Money transactions before and during the implementation of PSBB in Indonesia. Furthermore, Covid-19 correlates positively with nominal value of E-Money. Inflation correlates negatively with E-Money while stock market does not have any contribution to E-Money. text |
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Indonesia |
| description |
The rapid technological development has influenced Indonesia’s payment system.
Due to the pandemic, people tend to seek cashless payment method to limit physical
contact. By using monthly time-series data from Bank Indonesia and Yahoo finance
website during 2015 – 2020, this study employs Paired Samples and Ordinary Least
Square (OLS) regression methods to determine the impact of Covid-19 pandemic
on E-Money transactions in Indonesia. This study uses E-Money transactions which
consist of volume (Y1) and nominal value (Y2) of E-Money as dependent variables.
Covid-19 (X1) as a dummy variable. Inflation Rate (X2) and Stock Market (X3) are
included as control variables. The result shows that there is a significant difference
in volume and nominal of E-Money transactions before and during the
implementation of PSBB in Indonesia. Furthermore, Covid-19 correlates positively
with nominal value of E-Money. Inflation correlates negatively with E-Money
while stock market does not have any contribution to E-Money. |
| format |
Final Project |
| author |
Vivi S, Carmelita |
| spellingShingle |
Vivi S, Carmelita THE IMPACT OF COVID-19 PANDEMIC ON ELECTRONIC MONEY TRANSACTIONS: A STUDY CASE IN INDONESIA |
| author_facet |
Vivi S, Carmelita |
| author_sort |
Vivi S, Carmelita |
| title |
THE IMPACT OF COVID-19 PANDEMIC ON ELECTRONIC MONEY TRANSACTIONS: A STUDY CASE IN INDONESIA |
| title_short |
THE IMPACT OF COVID-19 PANDEMIC ON ELECTRONIC MONEY TRANSACTIONS: A STUDY CASE IN INDONESIA |
| title_full |
THE IMPACT OF COVID-19 PANDEMIC ON ELECTRONIC MONEY TRANSACTIONS: A STUDY CASE IN INDONESIA |
| title_fullStr |
THE IMPACT OF COVID-19 PANDEMIC ON ELECTRONIC MONEY TRANSACTIONS: A STUDY CASE IN INDONESIA |
| title_full_unstemmed |
THE IMPACT OF COVID-19 PANDEMIC ON ELECTRONIC MONEY TRANSACTIONS: A STUDY CASE IN INDONESIA |
| title_sort |
impact of covid-19 pandemic on electronic money transactions: a study case in indonesia |
| url |
https://digilib.itb.ac.id/gdl/view/57779 |
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1822930568123252736 |