Wijayanti, Feny Gusti
Universitas Bengkulu

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DOES FINANCIAL DIGITALIZATION, DEBIT, CREDIT, INTEREST RATE, AND EXCHANGE RATE AFFECT MONEY SUPPLY IN INDONESIA Wijayanti, Feny Gusti; Pasaribu, Esti
HUMAN FALAH: Jurnal Ekonomi dan Bisnis Islam HUMAN FALAH: Jurnal Ekonomi Dan Bisnis Islam │ Vol. 12 │ No. 1 │ 2025
Publisher : Fakultas Ekonomi dan Bisnis Islam Universitas Islam Negeri Sumatera Utara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30829/hf.v12i1.25648

Abstract

This research aims to determine how financial digitalization, interest, and exchange rates affect the money supply in Indonesia for the long term and in the short term. The data used in this research is secondary data from the Central Bureau of Statistics (BPS) and Bank Indonesia. The analytical method used in this research is the Error Correction Model (ECM), by determining the degree of confidence of 95 percent. This research indicates that, partially, the e-money, debit, interest rate, and exchange rate variables significantly affect the money supply in the long term. In contrast, debit and exchange rates have a considerable positive effect, while e-money and interest rates have a negative significant impact. In the short term, debit and exchange rate variables positively affect the money supply.