Open AccessANALYSIS OF THE RELATIONSHIP BETWEEN ELECTRONIC MONEY (E-MONEY) AND MONEY SUPPLY IN INDONESIA (2011–2019)
Author(s) -
Kartiko Dhian Pramono,
Estu Wijaya
Publication year - 2022
Publication title -
jurnal ekonomi trisakti (e-journal)
Language(s) - English
Resource type - Journals
ISSN - 2339-0840
DOI - 10.25105/jet.v2i1.13558
Subject(s) - money supply , electronic money , velocity of money , granger causality , economics , monetary economics , endogenous money , cointegration , money measurement concept , demand deposit , broad money , moneyness , causality (physics) , quantity theory of money , balance (ability) , monetary policy , econometrics , finance , psychology , physics , quantum mechanics , neuroscience , payment
This study aims to analyze the relationship between electronic money (e-money) and money supply in Indonesia. The data used is electronic money, APMKand the money supply using cointegration test analysis to determine the long-term balance relationship, and granger causality test to determine the reciprocal relationships between variables.
The results of the analysis show that the variables of electronic money and the money supply have a long-term balance and between electronic money variables and the money supply only have a one-way causality relationship.