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Abstract
Current technological developments affecting the payment system. From Barter, Cash to non-cash payment. Nowadays, the most used non-cash payment instrument are Credit Card, Debit Card and E-Money. The use of this payment instrument make consumers easy to pay, thereby increasing the level of consumption. The objective of this study was to analyze the impact of the use of E-Money, Credit Cards and Debit Cards to the Velocity of Money in Indonesia. The data used is the number of transaction in 2010 to 2014. The analysis used was Johansen Co-integration Test to analyze the short-term effects and Error Correction Model to analyze the long term effects. The results of this study explains that the use of E-Money, Credit Cards and Debit Cards have long term effects, but there is no short-term effects on the Velocity of Money.
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References
- Abid Rashid Gill, (2010). Determinants of Velocity of Money In Pakistan”,International Conference On Applied Economics.
- Al-Laham Mohammad, Al-Tarawneh dan Najwan Abdalat. (2009). Development of Electronic Money and Its Impact on the Central Bank Role and Monetary Policy, Jordan
- Bank Indonesia. 1999. Peraturan Bank Indonesia Nomor No.23/1999 tentang Pengertian Sistem Pembayaran. Jakarta: Bank Indonesia, (online), www.bi.go.id.
- Bank Indonesia. 2004. Peraturan Bank Indonesia Nomor 6/30/PBI/2004 tentang Penyelenggaraan Alat Pembayaran dengan Menggunakan Kartu. Jakarta: Bank Indonesia, hal 10-15 (online), www.bi.go.id.
- Bank Indonesia. (2009). Peraturan Bank Indonesia No. 11/11/PBI/2009 tentang Penyelenggaraan Alat Pembayaran dengan Menggunakan Kartu. Jakarta: Bank Indonesia.
- Boediono (2013). Ekonomi Moneter, Yogyakarta: BPFE-Yogyakarta.
- Dimitar Bogov. (2011). Modern payment systems’ impact on monetary policy and financial stability, International Conference of Clearing Institutions in Central and Eastern Europe (ICCI)
- Gujarati.Damodar. (2009). Dasar-dasar Ekonometrika, Jakarta: Penerbit Erlangga.
- Hakim, Arif Rahman. (2015). Stationeritas, Akar Unit dan Kointegrasi”.Makalah disampaikan pada kuliah Asistensi Pascasarjana Ilmu Ekonomi FE UI
- Hidayati Siti, dkk, (2006). Kajian Operasional E-Money, Jakarta: Bank Indonesia.
- Mankiw, N. Gregory, (2007). Makroekonomi Edisi Keenam, Jakarta: Penerbit Erlangga
- Nasution Mulia. (1998). Ekonomi Moneter: Uang dan Bank, Jakarta: Penerbit Djambatan
- Parker, Tammy dan Michael Parker, (2008). Electronic Banking in Finland and the Effect on Money Velocity, Journal of Money, Investment, and Banking, 25(4).
- Priyatama Abednego, Apriansah. (2010). Correlation between Electronic Money and the Velocity of Money, Global Management Conference, Bali.
- Pramono Bambang, dkk. (2006). Dampak Pembayaran Non Tunai Terhadap Perekonomian dan Kebijakkan Moneter, Jakarta: Bank Indonesia
- Silitonga Tritoguna. (2013). Analisis Permintaan Uang Elektronik (E-Money) Terhadap Velocity of Money (Perputaran Uang), Medan: Universitas Sumatera Utara.
- Venna Tri Kartika dan Anggoro Budi Nugroho (2015). Analysis on Electronic Money Transactions on Velocity of Money in ASEAN-5 Countries. Journal of Business and Management, 4(9): 1008-1020.
References
Abid Rashid Gill, (2010). Determinants of Velocity of Money In Pakistan”,International Conference On Applied Economics.
Al-Laham Mohammad, Al-Tarawneh dan Najwan Abdalat. (2009). Development of Electronic Money and Its Impact on the Central Bank Role and Monetary Policy, Jordan
Bank Indonesia. 1999. Peraturan Bank Indonesia Nomor No.23/1999 tentang Pengertian Sistem Pembayaran. Jakarta: Bank Indonesia, (online), www.bi.go.id.
Bank Indonesia. 2004. Peraturan Bank Indonesia Nomor 6/30/PBI/2004 tentang Penyelenggaraan Alat Pembayaran dengan Menggunakan Kartu. Jakarta: Bank Indonesia, hal 10-15 (online), www.bi.go.id.
Bank Indonesia. (2009). Peraturan Bank Indonesia No. 11/11/PBI/2009 tentang Penyelenggaraan Alat Pembayaran dengan Menggunakan Kartu. Jakarta: Bank Indonesia.
Boediono (2013). Ekonomi Moneter, Yogyakarta: BPFE-Yogyakarta.
Dimitar Bogov. (2011). Modern payment systems’ impact on monetary policy and financial stability, International Conference of Clearing Institutions in Central and Eastern Europe (ICCI)
Gujarati.Damodar. (2009). Dasar-dasar Ekonometrika, Jakarta: Penerbit Erlangga.
Hakim, Arif Rahman. (2015). Stationeritas, Akar Unit dan Kointegrasi”.Makalah disampaikan pada kuliah Asistensi Pascasarjana Ilmu Ekonomi FE UI
Hidayati Siti, dkk, (2006). Kajian Operasional E-Money, Jakarta: Bank Indonesia.
Mankiw, N. Gregory, (2007). Makroekonomi Edisi Keenam, Jakarta: Penerbit Erlangga
Nasution Mulia. (1998). Ekonomi Moneter: Uang dan Bank, Jakarta: Penerbit Djambatan
Parker, Tammy dan Michael Parker, (2008). Electronic Banking in Finland and the Effect on Money Velocity, Journal of Money, Investment, and Banking, 25(4).
Priyatama Abednego, Apriansah. (2010). Correlation between Electronic Money and the Velocity of Money, Global Management Conference, Bali.
Pramono Bambang, dkk. (2006). Dampak Pembayaran Non Tunai Terhadap Perekonomian dan Kebijakkan Moneter, Jakarta: Bank Indonesia
Silitonga Tritoguna. (2013). Analisis Permintaan Uang Elektronik (E-Money) Terhadap Velocity of Money (Perputaran Uang), Medan: Universitas Sumatera Utara.
Venna Tri Kartika dan Anggoro Budi Nugroho (2015). Analysis on Electronic Money Transactions on Velocity of Money in ASEAN-5 Countries. Journal of Business and Management, 4(9): 1008-1020.