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Responsiveness of social values and real gross domestic bruto on money demand in Indonesia
This study aims to determine the effect, estimates shocks and determine the contribution of social values, real GDP currency, wadi?ah demand deposits, Mudaraba savings, mudaraba deposits and Islamic Bank Returns on money demand in Indonesia. Theoretically, Real GDP and social values are able to increase money demand using each mechanism. Money demand represented by M2 with a composition comprising M2 of fiat money, wadi?ah demand deposits, mudaraba savings and mudaraba investment deposits completed Islamic Bank return as balancing cost in Money demand. This study employed comparative quantitative analysis as its research methodology. This research utilizes 8 (eight) variable which were analyzed by employing unit root test, determining Lag Optimal, Cointegrate-Test, VECM Estimates, Impulse Response Function and Variance Decomposition. The results of VECM estimation showed that real GDP, fiat money, wadi?ah demand deposits, shari?ah return, mudaraba savings and mudaraba investment deposits have significant influence on the Money Demand (MD) in the long-term. In short-term, social values significantly influenced MD in Indonesia. The results of Impulse response showed that real GDP positively responded by the M2. M Similarly, social values fiat money, wadi?ah deposits, mudaraba deposits, and shari?ah return positively respondend by the M2IS. Conversely, mudaraba savings negatively M2 responded by the M2IS. Variance decomposition results showed that social values have the biggest contribution, then followed by wadi?ah demand deposits, mudaraba deposits, mudaraba savings, currency, real GDP and shari?ah return.
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| PSB lt.2 - Karya Akhir | 1 |
| Penerbit | : Journal of Islamic Monetary Economics And Finance 2018 |
|---|---|
| Edisi | - |
| Subjek | Indonesia Money demand Gross domestic product Social values |
| ISBN/ISSN | - |
| Klasifikasi | - |
| Deskripsi Fisik | - |
| Info Detail Spesifik | - |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas | Tidak Ada Data |