Dampak Sistem Pembayaran Non-Tunai Terhadap Permintaan Uang Kartal di Indonesia

Deswita Herlina; Safira Firdaus

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Abstract

The stability of the demand for money is important to maintain the value of the
rupiah. This stability is seen in terms of the amount of currency and the ability of
money to fulfill all transactions in a short time. The use of non-cash money can
help speed up the processing of financial transactions, but on the one hand it can
have an impact on changes in the demand for currency, which in turn affects the
stability of the money supply. For this reason, it is necessary to conduct research
on the impact of using non-cash money on the demand for currency in Indonesia.
This study analyzes the impact of non-cash payments using cards (APMK) on the
demand for currency in Indonesia for the 2014-2017 period. The analytical tools
used in this study are Vector Autoregression (VAR) to determine causality,
Impulse Response Function (IRF) and Variance Decomposition (VD). The results
showed that the increase in the use of card-based non-cash money had an impact
on reducing the demand for money in Indonesia in the 2014-2017 period. The
non-cash money shock has an impact on the shock of changes in the demand for
currency.