Analysis of the Effect of Non-Cash Payments on Cash Distribution in Indonesia, Period 2010-2015
Bank Indonesia recognises the importance of non-cash payment transactions in the economy. The larger the non-cash payment portion used, the cost to print and circulate new money will decrease as allegedly cash demand will decrease, as the use of non-cash payments in the community increases. Non-cash...
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Article PeerReviewed |
| Language: | English Indonesian English Indonesian |
| Published: |
Primrose Hall Publishing Group
2020
|
| Subjects: | |
| Online Access: | https://repository.unair.ac.id/117324/2/Wasiaturrahma_Artikel202_Analysis-of-the-effect.pdf https://repository.unair.ac.id/117324/3/Wasiaturrahma_PeerReview202.pdf https://repository.unair.ac.id/117324/4/Wasiaturrahma_Similarity202_Analysis-of-the-effect.pdf https://repository.unair.ac.id/117324/7/Wasiaturrahma_KesesuaianBidangIlmu_C-2.2.pdf https://repository.unair.ac.id/117324/ https://www.ijicc.net/index.php/ijicc-editions/2020/160-vol-11-iss-9 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Institution: | Universitas Airlangga |
| Language: | English Indonesian English Indonesian |
| Summary: | Bank Indonesia recognises the importance of non-cash payment transactions in the economy. The larger the non-cash payment portion used, the cost to print and circulate new money will decrease as allegedly cash demand will decrease, as the use of non-cash payments in the community increases. Non-cash payment transactions have a positive impact on society and government. In addition to being more secure and convenient, non-cash transactions are also faster so that business turnover can also be faster and eventually the economy will be more efficient. Non-cash transactions are also more transparent and accountable because every transaction will be recorded and tracked. This research aims to determine the effect of non-cash payments which contains nominal value transactions of debit/ATM card, credit card, and e-money on demand of currency cash in Indonesia during 2010-2015. This research used time series data and Error Correction Model (ECM) as an estimation tool. This study result showed that the variable debit/ATM card and credit card have a significant effect on cash in the long term, meanwhile e-money has no significant effect on cash in the long term. In the short term, the estimation result showed that the debit/ATM card has a positive significant effect on currency cash, while credit card and e-money do not have a significant effect on cash. |
|---|