Article Sidebar

Download
Full text PDF
Statistic
Read Counter : 46 Download : 73

Downloads

Download data is not yet available.

Main Article Content

Abstract

Purpose – This paper analyzes the determinants of e-money usage in Indonesia. The determinants of e-money usage considered are inflation, interest rates from Bank Indonesia (BI-rate), and gross domestic product (GDP).


Methods – This paper estimates time series data from 2010 to 2022 in a conditional error correction model with the help of the Eviews 10 software package.


Findings – Data analysis found that all independent variables have an effect on e-money, both in the short term and in the long term.


Implication – The development of e-money, which has the potential to increase the amount of money in circulation and thus increase inflation, can be controlled by inflation, interest rates, and GDP.


Originality – The originality of this paper lies in the use of the conditional ECM model for modeling e-money in Indonesia.


 


Abstrak


Tujuan – Paper in menganalisis faktor-faktor penentu penggunaan E-money di Indonesia. Variabel-variabel penentu penggunaan e-money yang dipertimbangkan adalah Inflasi, tingkat bunga dari Bank Indonesia (BI-rate), dan produk domestik bruto (PDB).


Metode – Paper ini menggunakan data time series dari tahun 2010 hingga 2022. Paper ini menggunakan model conditional error correction model dengan bantuan program Eviews 10.


Temuan –Analisis data menemukan bahwa semua variabel independen berpengaruh terhadap e-money, baik dalam jangka pendek maupun dalam jangka panjang.


Implikasi – Perkembangan e-money, yang berpotensi menambah jumlah uang beredar dan dengan demikian bisa meningkatkan inflasi, bisa dikontrol dengan inflasi, tingkat bunga, serta PDB.


Orisinalitas – Orisinalitas dari paper ini terletak pada penggunaan model conditional ECM atas pemodelan e-money di Indonesia.

Keywords

e-Money Inflation BI-rate GDP ARDL

Article Details

License

Copyright (c) 2024 Dhia Mega Ayu Mustika, Abdul Hakim

Creative Commons License

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Author Biography

Abdul Hakim, Jurusan Ilmu Ekonomi, Fakultas Bisnis dan Ekonomika, Universitas Islam Indonesia, Yogyakarta, Indonesia

Scopus ID: http://www.scopus.com/authid/detail.url?authorId=24830180100

Google Scholar: https://scholar.google.co.id/citations?user=EwutjikAAAAJ&hl=en

How to Cite
Mustika, D. M. A. ., & Hakim, A. (2024). Model empiris penggunaan e-money di Indonesia. Jurnal Kebijakan Ekonomi Dan Keuangan, 3(1), 66–73. https://doi.org/10.20885/JKEK.vol3.iss1.art9
Download Citation
Endnote/Zotero/Mendeley (RIS)
BibTeX

References

  1. Badan Pusat Statistik. (2023). Pendapatan Nasional. https://www.bps.go.id/subject/11/produk-domestik-bruto--lapangan-usaha-.html#subjekViewTab1
  2. Bank Indonesia. (2009). Peraturan Bank Indonesia No.11/12/PBI/2009 - Uang Elektronik (Electronic Money). https://www.bi.go.id/id/publikasi/peraturan/Pages/pbi_111209.aspx
  3. Bank Indonesia. (2014). Apa Itu Elektronifikasi. https://www.bi.go.id/id/fungsi-utama/sistem-pembayaran/ritel/elektronifikasi/default.aspx#:~:text=Bank Indonesia (BI) telah mencanangkan,GNNT juga diharapkan mampu meminimalisasi
  4. Bank Indonesia. (2016). Metadata. https://www.bi.go.id/id/statistik/metadata/seki/Documents/8_Suku_Bunga_Indo_DPM SEKI_2016 (Indonesia) new.pdf
  5. Bank Indonesia. (2018a). Inflasi. https://www.bi.go.id/id/fungsi-utama/moneter/inflasi/default.aspx
  6. Bank Indonesia. (2018b). Peraturan Bank Indonesia Nomor 20/6/PBI/2018 tentang Uang Elektronik. https://www.bi.go.id/id/publikasi/peraturan/Pages/PBI-200618.aspx
  7. Bank Indonesia. (2020). Transaksi Uang Elektronik Agustus Melesat Tembus Rp17,23 Triliun, Ini Data Historisnya. https://www.bareksa.com/berita/berita-ekonomi-terkini/2020-10-13/transaksi-uang-elektronik-agustus-melesat-tembus-rp1723-triliun-ini-data-historisnya
  8. Bank Indonesia. (2022a). Digitalisasi Sistem Pembayaran untuk Kemanfaatan Masyarakat. https://www.bi.go.id/id/publikasi/ruang-media/news-release/Pages/sp_2417922.aspx
  9. Bank Indonesia. (2022b). Transaksi Uang Elektronik Menurun pada Februari 2022. https://dataindonesia.id/digital/detail/transaksi-uang-elektronik-menurun-pada-februari-2022
  10. Fisher, I. (1911a). The Purchasing Power of Money, its Determination and Relation to Credit, Interest and Crises.
  11. Fisher, I. (1911b). The Purchasing Power of Money.
  12. Indrawati, Y., Wardhono, A., Qori’ah, C. G., & Nasir, M. A. (2020). The Impact of E-Money Diffusion on the Monetary Policy Effectiveness: Evidence from Indonesia. 144(November 2018), 237–241. https://doi.org/10.2991/aebmr.k.200606.040
  13. Kesler, S. (2018). Monetary Policy Implications of Cash, Other Money Supplies, and Cryptocurrencies in Singapore: A Growing Cashless Society. 3–8. https://digitalshowcase.lynchburg.edu/utcphttps://digitalshowcase.lynchburg.edu/utcp/141
  14. Menkominfo. (2018). Menkominfo: Saatnya Mengarah pada Ekonomi Digital, Bukan Lagi “Old Economy.” https://www.kominfo.go.id/content/detail/14190/menkominfo-saatnya-mengarah-pada-ekonomi-digital-bukan-lagi-old-economy/0/sorotan_media
  15. Muslichati, M. dan F. Aprilianto (2022), "The Impact of a Cashless Payment System on Inflation," Jurnal Ekonomi PEmbangunan, 21(2), 124-136.
  16. Omodero, C. O. (2021). Fintech Innovation in the Financial Sector: Influence of E-Money Products on a Growing Economy. Studia Universitatis Vasile Goldis Arad, Economics Series, 31(4), 40–53. https://doi.org/10.2478/sues-2021-0018
  17. Pambudi, S. A., & Mubin, M. K. (2020). Analysis The Effect of Electronic Money Use on Velocity of Money: Evidence from Indonesia. Jurnal Ilmu Ekonomi Terapan, 5(1), 42. https://doi.org/10.20473/jiet.v5i1.19626
  18. Permatasari, K. (2020). Pengaruh Pembayaran Non Tunai Terhadap Variabel Makroekonomi di Indonesia Tahun 2010-2017. Jurnal Ilmu Manajemen, 8, 225–232. www.bi.go.id
  19. Pigou, A.C. (1917), "The value of money," The Quarterly Journal of Economics, 37, 38-65.
  20. Pohan, A. (2011). Sistem Pembayaran Strategi dan Implementasi Di Indonesia. RajaGrafindo Persada.
  21. Purwohandoko, P., Marantika, A., & ... (2021). Analysis the Effect of Money Supply, Velocity of Money, Interest Rates and Inflation on Non-Cash Payments: Evidence in Indonesia. Linguistica …, 3, 1264–1276. https://repo.stiebangkinang.ac.id/102/
  22. Syarifuddin, F., Hidayat, A., & Tarsidin, T. (2009). Dampak Peningkatan Pembayaran Non-Tunai Terhadap Perekonomian Dan Implikasinya Terhadap Pengendalian Moneter Di Indonesia. Buletin Ekonomi Moneter Dan Perbankan, 11(4), 369–402. https://doi.org/10.21098/bemp.v11i4.346
  23. Wasiaturrahma, W., & Kurniasari, A. L. (2021). Electronic Payment and Economic Growth in Indonesia. Journal of Developing Economies, 6(2), 287. https://doi.org/10.20473/jde.v6i2.24923
  24. Widarjono, A. (2018). Ekonometrika Pengantar Dan Aplikasinya Disertai Panduan Eviews. Edisi keli. UPP STIM YKPN Yogyakarta.
  25. Wong, T. L., Lau, W. Y., & Yip, T. M. (2020). Cashless Payments and Economic Growth: Evidence from Selected OECD Countries. Journal of Central Banking Theory and Practice, 9(2015), 189–213. https://doi.org/10.2478/jcbtp-2020-0028