Does the development of non-cash payment affect broad money in Indonesia / Dwi Nita Aryani, Siti Munfaqiroh and Endys Kartikasari
The purpose of this study is to analyse the effect of development of non-cash payment on broad money (M2) in short-term and long run in Indonesia. This research used time series of data namely number of transaction of credit card, debit card, e-money, Bank of Indonesia Real Time Gross Settlement (BI...
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| Main Authors: | , , |
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| Other Authors: | |
| Format: | Book Section |
| Language: | English |
| Published: |
UiTM Cawangan Johor
2019
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| Subjects: | |
| Online Access: | http://ir.uitm.edu.my/id/eprint/38309/1/38309.pdf http://ir.uitm.edu.my/id/eprint/38309/ |
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| Institution: | Universiti Teknologi Mara |
| Language: | English |
| Summary: | The purpose of this study is to analyse the effect of development of non-cash payment on broad money (M2) in short-term and long run in Indonesia. This research used time series of data namely number of transaction of credit card, debit card, e-money, Bank of Indonesia Real Time Gross Settlement (BI-RTGS) and National Clearance System of Bank of Indonesia (BI-NCS) transaction during 2012-2017. Error Correction Model (ECM) is employed as the analysis model. The result exhibits that transaction volume of Credit Card, Debit Card, E- money, BI-RTGS and BI-NCS, simultaneously affect broad money. Partially, BI-RTGS and BI-NCS are the most significant factors influence broad money in short term in Indonesia. |
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