The Influence of Debit Card, Credit Card, and E-Money Transactions Toward Currency Demand in Indonesia

Nurma Saraswati; Imam Mukhlis

doi:10.17977/um051v1i22018p87-94

The Influence of Debit Card, Credit Card, and E-Money Transactions Toward Currency Demand in Indonesia

Nurma Saraswati, Imam Mukhlis

Abstract

This study aims to determine the effect of debit card transactions, credit card transactions and e-money transactions to currency demand in Indonesia. This research using model estimation Vector Error Correction models (VECM). The data was collected using secondary data obtained from the website of Bank Indonesia and Bureau Central of Statistic in Indonesia. The data were obtained from January 2009 to August 2017 consisting of debit card transaction, credit card transaction, e-money transaction, and cash amount data in circulation data. The findings showed that debit card transactions have a significant negative effect on the demand for currency in Indonesia in the long term, credit card transactions have a significant positive effect on the demand for currency in Indonesia in the long term, while e-money transactions have a significant positive effect on currency demand in Indonesia in the short and long term.

Keywords: E-money; Currency demand; Debit card; Credit card

JEL Codes: E41; E51

Full Text:

PDF

References

Ekananda, M. (2014). Analisis Data Time Series. Jakarta: Mitra Wacana Media

Hafidh, A. A., & Sholeh, M. (2016). Analisis Transaksi Non-Tunai (Less-cash Transaction) dalam Mempengaruhi Permintaan Uang (Money Demand) Guna Mewujudkan Perekonomian Indonesia Yang Efisien. Prosiding Seminar Nasional, 750–764.

Intanie, V. (2006). Perkembangan Sistem Pembayaran di Indonesia. Bina Ekonomi, 10(2), 1–128.

Istanto, L., & Fauzie, S. (2014). Analisis Dampak Pembayaran Non Tunai Terhadap Jumlah Uang Beredar di Indonesia. Jurnal Ekonomi dan Keuangan, 2(10), 610–621.

Khanna, J., & Kumari, N. (2017). Cashless Payment: A Behaviourial Change to Economic Growth. International Journal of Scientific Research and Education, 5(7), 6701–6710.

Lukman, O. O., & Dauda, O. Y. (2013). Alternative Payment System Implication For Currency Demand and Monetary Policy in Developing Economy: A Case Study of Nigeria. International Journal of Humanities and Social Sciences, 3(20), 253–260.

Mukhlis, I., & Simanjuntak, T. M. (2017). Ekonometrika Teori dan Aplikasi. Tulungagung: Cahaya Abadi

Oyelami, L. O., & Yinusa, D. O. (2013). Alternative Payment System Implication for Currency Demand and Monetary policy in Developing Economy: A Case Study of Nigeria. International Journal of Humanities and Social Science, 3(20), 253–260.

Pramono, B., Yanuarti, T., Purusitawati, P.D., & Emmy, Y. T. (2006). Dampak Pembayaran Non-tunai Terhadap Perekonomian dan Kebijakan Moneter. Working Paper Bank Indonesia 11.

Pranoto., & Salma, S. (2018). Eksistensi Kartu Kredit Dengan Adanya Electronic Money (E-Money) Sebagai Alat Pembayaran Yang Sah. Privat Law, 6(1), 24–33.

Ramadani, L. (2016). Pengaruh Penggunaan Kartu Debit dan Uang Elektronik (E-Money) terhadap Perilaku Konsumsi Mahasiswa. Jurnal Ekonomi dan Studi Pembangunan, 8(1), 1–8.

Sutarmin., & Susanto, A. (2017). Potensi Pengembangan Transaksi Non Tunai di Indonesia. Sustainable Competitive Advantage-7 (Sca-7) FEB Unsoed, 7(1), 292–302.

Syarifuddin, F., Hidayat, A., & Tarsidin, T. (2009). Dampak Peningkatan Pembayaran Non-Tunai Terhadap Perekonomian dan Implikasinya Terhadap Pengendalian Moneter di Indonesia. Buletin Ekonomi Moneter dan Perbankan, 11(4), 369–402.

Wulandari, D., Soseco, T., & Narmaditya, B. S. (2016). Analysis of the Use of Electronic Money in Efforts to Support the Less Cash Society. International Finance and Banking, 3(1), 1–10. https://doi.org/10.5296/ifb.v3i1.8802

Wulandari, D., Narmaditya, B. S., Parewangi, A. M. A., Sakarji, S. R. B., Purnamasari, V., & Qurrata, V. A. (2018). Factors Affecting the Adoption of Electronic Money. International Journal of Civil Engineering and Technology (IJCIET), 9(7), 1927–1934.

DOI: http://dx.doi.org/10.17977/um051v1i22018p87-94