Electronic Theses and Dissertation

Penelitian ini bertujuan menganalisis pengaruh uang elektronik, kartu debit, inflasi dan nilai tukar terhadap kestabilan permintaan uang di Indonesia dan hubungan kausalitas terhadap setiap variabelnya. Penelitian ini menggunakan model ARDL (Autoregressive Distributed Lag) untuk periode januari 2009 – November 2023. Hasil temuan menunjukkan bahwa uang elektronik berpengaruh negatif terhadap permintaan uang pada jangka pendek sedangkan pada jangka panjang uang elektronik berpengaruh positif terhadap permintaan uang. Pada kartu debit dan nilai tukar hanya berpengaruh positif terhadap permintaan uang dalam jangka pendek. Namun inflasi tidak memiliki pengaruh terhadap permintaan uang dalam jangka pendek dan panjang. Terdapat hubungan kausalitas dua arah antara nilai tukar dan permintaan uang. Sedangkan hubungan satu arah kartu debit terhadap permintaan uang, kartu debit terhadap uang elektronik dan kartu debit terhadap nilai tukar. Diharapkan pemerintah dan Bank Indonesia harus terus memantau penggunaan pembayaran elektronik, termasuk kartu debit, dan memperkirakan dampaknya terhadap kestabilan permintaan uang tunai dan kebijakan moneter secara keseluruhan.
Kata Kunci: kestabilan permintaan uang, uang elektronik, kartu debit, inflasi dan nilai tukar

This study aims to analyze the effect of electronic money, debit cards, inflation and exchange rates on the stability of money demand in Indonesia and the causal relationship between each variable. This research uses the ARDL (Autoregressive Distributed Lag) model for the period January 2009 - November 2023. The findings show that electronic money has a negative effect on the demand for money in the short term while in the long term electronic money has a positive effect on money demand. Debit cards and exchange rates only have a positive effect on the demand for money in the short term. However, inflation has no effect on the demand for money in the short and long run. There is a two-way causality between the exchange rate and the demand for money. While the one-way relationship of debit cards to money demand, debit cards to electronic money and debit cards to exchange rates. It is expected that the government and Bank Indonesia should continue to monitor the use of electronic payments, including debit cards, and estimate their impact on the stability of cash demand and overall monetary policy. Keywords: stability of money demand, electronic money, debit card, inflation dan exchange rate