DAMPAK PENINGKATAN PEMBAYARAN NON-TUNAI TERHADAP PEREKONOMIAN DAN IMPLIKASINYA TERHADAP PENGENDALIAN MONETER DI INDONESIA

DAMPAK PENINGKATAN PEMBAYARAN NON-TUNAI TERHADAP PEREKONOMIAN DAN IMPLIKASINYA TERHADAP PENGENDALIAN MONETER DI INDONESIA

Non-cash payments have been increasing significantly, followed by its substitution and efficiency effects. Cash payment is substituted, inducing decrease of cash holding by economic agents, while on the other hand more money enters the banking system. The increase of non-cash payments also cuts tran...

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Main Authors: Ferry Syarifuddin, Ahmad Hidayat, Tarsidin Tarsidin
Format: Article
Language:Indonesian
Published: Bank Indonesia 2009-09-01
Series:Bulletin Ekonomi Moneter dan Perbankan
Online Access:https://www.bmeb-bi.org/index.php/BEMP/article/view/346
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spelling doaj-86f588aee43f47a7b241b1f3b7004e012020-11-24T21:18:06ZindBank IndonesiaBulletin Ekonomi Moneter dan Perbankan1410-80462460-91962009-09-0111436940210.21098/bemp.v11i4.346346DAMPAK PENINGKATAN PEMBAYARAN NON-TUNAI TERHADAP PEREKONOMIAN DAN IMPLIKASINYA TERHADAP PENGENDALIAN MONETER DI INDONESIAFerry SyarifuddinAhmad HidayatTarsidin TarsidinNon-cash payments have been increasing significantly, followed by its substitution and efficiency effects. Cash payment is substituted, inducing decrease of cash holding by economic agents, while on the other hand more money enters the banking system. The increase of non-cash payments also cuts transaction costs, and the economy runs more efficiently. Using Structural Cointegrating VAR, its impacts on the economy are investigated. The result shows that cash holding decrease, while money stock M1 and M2 increase. The increase of non-cash payments also induces GDP growth and slight price decrease. Its implication to monetary policy is also analyzed, showing decrease of BI rate and monetary policy cost. JEL Classification: E41, E51, E58 Keywords: non-cash, payment system, money demandhttps://www.bmeb-bi.org/index.php/BEMP/article/view/346
collection DOAJ
language Indonesian
format Article
sources DOAJ
author Ferry Syarifuddin
Ahmad Hidayat
Tarsidin Tarsidin
spellingShingle Ferry Syarifuddin
Ahmad Hidayat
Tarsidin Tarsidin
DAMPAK PENINGKATAN PEMBAYARAN NON-TUNAI TERHADAP PEREKONOMIAN DAN IMPLIKASINYA TERHADAP PENGENDALIAN MONETER DI INDONESIA
Bulletin Ekonomi Moneter dan Perbankan
author_facet Ferry Syarifuddin
Ahmad Hidayat
Tarsidin Tarsidin
author_sort Ferry Syarifuddin
title DAMPAK PENINGKATAN PEMBAYARAN NON-TUNAI TERHADAP PEREKONOMIAN DAN IMPLIKASINYA TERHADAP PENGENDALIAN MONETER DI INDONESIA
title_short DAMPAK PENINGKATAN PEMBAYARAN NON-TUNAI TERHADAP PEREKONOMIAN DAN IMPLIKASINYA TERHADAP PENGENDALIAN MONETER DI INDONESIA
title_full DAMPAK PENINGKATAN PEMBAYARAN NON-TUNAI TERHADAP PEREKONOMIAN DAN IMPLIKASINYA TERHADAP PENGENDALIAN MONETER DI INDONESIA
title_fullStr DAMPAK PENINGKATAN PEMBAYARAN NON-TUNAI TERHADAP PEREKONOMIAN DAN IMPLIKASINYA TERHADAP PENGENDALIAN MONETER DI INDONESIA
title_full_unstemmed DAMPAK PENINGKATAN PEMBAYARAN NON-TUNAI TERHADAP PEREKONOMIAN DAN IMPLIKASINYA TERHADAP PENGENDALIAN MONETER DI INDONESIA
title_sort dampak peningkatan pembayaran non-tunai terhadap perekonomian dan implikasinya terhadap pengendalian moneter di indonesia
publisher Bank Indonesia
series Bulletin Ekonomi Moneter dan Perbankan
issn 1410-8046
2460-9196
publishDate 2009-09-01
description Non-cash payments have been increasing significantly, followed by its substitution and efficiency effects. Cash payment is substituted, inducing decrease of cash holding by economic agents, while on the other hand more money enters the banking system. The increase of non-cash payments also cuts transaction costs, and the economy runs more efficiently. Using Structural Cointegrating VAR, its impacts on the economy are investigated. The result shows that cash holding decrease, while money stock M1 and M2 increase. The increase of non-cash payments also induces GDP growth and slight price decrease. Its implication to monetary policy is also analyzed, showing decrease of BI rate and monetary policy cost. JEL Classification: E41, E51, E58 Keywords: non-cash, payment system, money demand
url https://www.bmeb-bi.org/index.php/BEMP/article/view/346
work_keys_str_mv AT ferrysyarifuddin dampakpeningkatanpembayarannontunaiterhadapperekonomiandanimplikasinyaterhadappengendalianmoneterdiindonesia
AT ahmadhidayat dampakpeningkatanpembayarannontunaiterhadapperekonomiandanimplikasinyaterhadappengendalianmoneterdiindonesia
AT tarsidintarsidin dampakpeningkatanpembayarannontunaiterhadapperekonomiandanimplikasinyaterhadappengendalianmoneterdiindonesia
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