Escalate : Economics and Business Journal
Vol. 4 No. 4 (2026): Escalate : Economics and Business Journal

The Influence of Money Supply (M2), Inflation Rate and Exchange Rate on Third Party Funds at PT Bank Danamon Indonesia Tbk for the 2015-2024 Period

Sadam Al Agaf (Program Studi Manajemen, Fakultas Ekonomi dan Bisnis, Universitas Pamulang, Indonesia)
Yeti Kusmawati (Program Studi Manajemen, Fakultas Ekonomi dan Bisnis, Universitas Pamulang, Indonesia)



Article Info

Publish Date
11 Oct 2026

Abstract

This study examines the association of money supply (M2), inflation, and exchange rates with Third Party Funds (TPF) at PT Bank Danamon Indonesia Tbk during 2015–2024. Using a quantitative associative approach, the study analyzes secondary annual data from Bank Indonesia, Statistics Indonesia, and the bank’s annual financial reports. Multiple linear regression was performed using SPSS version 27. The results show that M2 is not statistically significant (p = 0.732), while inflation has a negative and statistically significant association with TPF (p = 0.028), and the exchange rate has a positive and statistically significant association (p = 0.030). The overall regression model is statistically significant (p = 0.001). The adjusted coefficient of determination (Adjusted R² = 0.877) indicates that the model accounts for 87.7% of the variation in TPF within the sample. Given the limited number of annual observations, these findings indicate statistical associations rather than causal relationships

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Journal Info

Abbrev

escalate

Publisher

Subject

Economics, Econometrics & Finance

Description

Escalate invites both empirical and theoretical articles that explore micro and macro phenomena. The journals publication scope encompasses a wide array of domains, including macro and micro economics, business strategy and policy, entrepreneurship, finance and accounting studies, human resource ...