Impact Of Non-Cash Payment Increase On The Economy And Its Implication For Monetary Control In Indonesia

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Non-cash payments have been increasing significantly, followed by its substitution and efficiency effects. Cash payment is substituted, inducing a decrease of cash holdings 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 a Structural Cointegrating VAR, the impact on the economy is investigated. The result shows that cash holdings decreased, while the M1 and M2 money stock increased. The increase of non-cash payments also induces GDP growth and slight price decreases. Its implication for monetary policy was also analyzed, showing a decrease of the BI rate and monetary policy costs. .Printed Journal

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Ketersediaan

Call Number	Location	Available
BEMP1104	PSB lt.dasar - Pascasarjana	1

Informasi Detail

Judul Seri

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No. Panggil

BEMP1104

Penerbit

Jakarta : Bank Indonesia.,

Deskripsi Fisik

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Bahasa

ISBN/ISSN

14108046

Klasifikasi

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Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

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Subjek

Non
Money demand
Cash
Payment system

Info Detail Spesifik

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Pernyataan Tanggungjawab

pa

Versi lain/terkait

Lampiran Berkas

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