Jurnal REP (Riset Ekonomi Pembangunan)
Vol. 9 No. 2 (2024): October 2024

NAVIGATING THE SHIFT: HOW CASHLESS PAYMENTS, INTEREST RATES, AND COVID-19 AFFECT MONEY SUPPLY

Nofita, Fifi (Unknown)
Wahyuningsih, Diah (Unknown)



Article Info

Publish Date
12 Oct 2024

Abstract

The purpose of this study was to find out how the influence of non-cash payments (debit cards, credit cards, and e-money), BI7DRR interest rates, and the impact of covid-19 on the money supply in Indonesia. The data used is monthly time series data, from September 2018 to August 2021. This study uses a quantitative approach using the Error Correction Model (ECM) method. The data analysis techniques used include: stationarity test, cointegration test, long-term and short-term ECM estimation, classical assumption test, and hypothesis testing. The results show that in the long-term debit cards and e-money have a positive and significant effect on money supply, credit cards and dummy (the impact of covid-19) have no significant effect on money supply, interest rates have a negative and significant effect on money supply. While in the short-term debit cards and dummy (the impact of covid-19) have a positive and significant effect on money supply, credit cards, e-money, and interest rates have no significant effect on money supply.

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Journal Info

Abbrev

rep

Publisher

Subject

Economics, Econometrics & Finance

Description

Jurnal REP (Riset Ekonomi Pembangunan) publishes articles based on research from researchers, teachers, lecturers, students, and education observers. Scope of Jurnal REP (Riset Ekonomi Pembangunan) are: economic development, economic policy, economic planning, public economy, regional economics, ...