Article Per Year (5 Year)
p-Index From 2021 - 2026
1.908
P-Index
This Author published in this journals
All Journal Economic Journal of Emerging Markets Jurnal Samudra Ekonomi dan Bisnis International Journal of Global Operations Research Ekonomikalia Journal of Economics Grimsa Journal of Business and Economics Studies
Sofyan Syahnur
Faculty of Economics, Universitas Syiah Kuala, Banda Aceh
Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Energy Engineering Environmental Science Mathematics Social Sciences

Published : 11 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 11 Documents
Search

 1   2 
The dynamic effect of cash and non-cash payment instruments on money velocity in Indonesia Dian Zulfa; Syahnur, Sofyan
Economic Journal of Emerging Markets Volume 17 Issue 1, 2025
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.vol17.iss1.art5

Abstract

Purpose — This study explores the dynamic effect of electronic money as a non-cash payment instrument on the velocity of money in Indonesia from 2012 to 2020.Method — Using quarterly time series data from 2012 to 2020, the research employs the Error Correction Model (ECM), stationarity, cointegration, and classical assumption tests to ensure the correct estimation procedure. Findings — The findings reveal several essential points: (1) Faster circulation of cash generally increases the velocity of M1; (2) Excessive money supply slows down M1 circulation; (3) An increase in the use of debit cards (ATMs) tends to reduce M1 velocity, while quicker credit card transactions can accelerate it; (4) Rapid circulation of electronic money can expedite M1, but large amounts can hinder it. Overall, both cash and non-cash money equally influence the behavior of M1 velocity in Indonesia. Implication — The government should focus more on money velocity to maintain stability, even though various payment instruments are utilized in the economy. Originality — The current research focuses on the dynamic development of modern finance in Indonesia and electronic money as non-cash payment instruments that impact money velocity.
Co-Authors Abd Jamal, Abd Abdurachman, Tarmizi Zulkifli Abidin, Rafi Nur Afriwanda, Afriwanda Ammara, Tiya Rana Balqis, Riqah Dian Zulfa Eddy Gunawan, Eddy Ernawati Ernawati Idroes, Ghalieb Mutig Idroes, Rinadi Irsan Hardi Kusumo, Fitranto Majid, M. Shabri Abd Maulana, Harist Muhammad Abrar Muzzakar, Kahar Nur Annisa Putri Bintusy Syathi, Putri Bintusy Sahputra, Krishna Silvia, Vivi Srinita, Srinita Suriani Suriani Yulianti, Reka