Jurnal Bisnis dan Ekonomi
Vol 18 No 1 (2011): Vol. 11 No. 1 Maret 2011

EFFECT OF INCREASING USE THE CARD PAYMENT EQUIPMENT ON THE INDONESIAN ECONOMY

Tiara Nirmala (Unknown)
Tri Widodo (Unknown)

Article Info

Publish Date
04 Sep 2012

Abstract

Non-cash payments have been increasing significantly, followed by its substitution andefficiency effects. Cash payment is substituted, inducing a decrease of cash holding by economicagents, while on the other hand more money enters the banking system. The increase of non-cashpayments also cuts transaction costs, and the economy runs more efficiently. Using Vector ErrorCorrection Model (VECM), its impacts on the economy are investigated. The result shows thatcash holdings decrease, while money stock M1 and M2 increase. The increase of non-cashpayments also induces GDP growth and slight price decrease.Keywords: non-cash, payment system, money demand, JEL: E42, E52

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Journal Info
Jurnal Bisnis dan Ekonomi
Website

Abbrev

fe3

Publisher

Universitas Stikubank

Subject

Economics, Econometrics & Finance

Description

Finance Management, International Finance, Corporate Finance, Investment, Financial Forecasting, Portfolio Optimization, Operation Management, Operation Research, Human Resources Management, Organizational Behavior, Change Management, Knowledge Management, Marketing Management, E – business, ...