Money In Indonesia Research Articles

Analisis Penerimaan Electronic Money bagi Mahasiswa Kota Batam dengan Model Tam: Studi Kasus pada Link Aja

Electronic money is one example of the development of digital technology. One example of electronic money in Indonesia is Link Aja. However, the use of the Link application is still rare, especially among students. This research aims to analyze the acceptance of electronic money for Batam city students. This research is descriptive research with a quantitative approach. The model used to analyze acceptance of electronic money in this study is TAM which consists of perceived ease of use, perceived usefulness, perceived trust and perceived risk. The population in this study were students at 5 tertiary institutions in Batam City, namely 7,226, while the sample used was 100 students in 5 tertiary institutions in Batam City. Data collection in this study used a questionnaire made via Google Form media and will be distributed via social media such as Line, Whatsapp, Instagram. The data obtained will be analyzed using SPSS software. The results showed that the variables perceived convenience, perceived trust, and perceived satisfaction had a significant effect on students' interest in using LinkAja. While the perception of benefits has no significant effect on the user loyalty variable.

Akurasi Model Hybrid ARIMA-Artificial Neural Network dengan Model Non Hybrid pada Peramalan Peredaran Uang Elektronik di Indonesia

The purpose of this study is to model electronic money in Indonesia using a hybrid model and compare its accuracy with the non-hybrid model. The hybrid model used is Autoregressive Integrated Moving Average (ARIMA)-Artificial Neural Network. The data used is the amount of electronic money circulation for the monthly period January 2009 to October 2021. The ARIMA model formed from research data is ARIMA (1,1,0) with additive outliers and level shift outliers. For Artificial Neural Network modeling is limited by using one hidden layer with three neurons. In the modeling process, 20 repetitions were carried out. The smallest repetition value was obtained, namely the 13th repetition with an error value of 2.569. In this study, it was found that the ARIMA- Artificial Neural Network hybrid model had a smaller Root Mean Squared Error (RMSE) in sample and out sample than the non-hybrid model. Based on the results of the study, it can be concluded that by combining the ARIMA model with Artificial Neural Network, it can increase the accuracy of the data fit results and forecast results.

Millennials Response on The Existence of The First Sharia Electronic Money in Indonesia

The growth of technology this day makes it a necessity in daily human life such as electronic money. There are so many issuers that have been registered at Bank Indonesia. An issuer even tries to add Sharia features to its electronic money. Although the sharia label has become common in Indonesian society, there is still scepticism about sharia labels on some products. This study aims to determine the switching intention of millennials to use sharia electronic money in Indonesia using the UTAUT2 as a research model. The population in this study is all users of LinkAja electronic money. The sampling technique used purposive sampling; the number of samples was 168 users. Data analysis techniques used are Structural Equation Model and Partial Least Square (SEM-PLS), the data processing applications using Smart-PLS 3.0. The results of this study indicate that the two independent variables, social influence and facilitating conditions, do not affect the intention to switch. However, five other independent variables, performance expectancy, effort expectancy, hedonic motivation, price value, and habit, positively and significantly affect the intention to switch to using Sharia electronic money.

The Flow of Money Demand in Indonesia: What Drives it?

Indonesia’s economy is experiencing a contemporary phase marked by decades of financial turmoil. Fluctuations in money demand are inseparable from the responsibilities of Bank Indonesia, which is the holder of rules and regulations and has full control of tracking the effects of financial flows. In reality, the imbalance between the demand for money and the supply of money with limited stock and capacity has an impact on macroeconomic turmoil. The orientation of this study follows up on the causality between gross domestic product (GDP), deposit interest rates and the rupiah exchange rate against the demand for money in Indonesia. The quantitative research approach supports the objective. Time series data from 2006–2020 was obtained from the Central Statistics Agency of Indonesia and Bank Indonesia. The data was analyzed using the error correction model (ECM) through EViews 9.0. The indications are that in the short and long terms, GDP and the rupiah exchange rate have a positive effect and increase the demand for money. An increase in deposit rates has a negative effect on the demand for money. Holistic recommendations concentrate on parallel and collaborative monetary instruments between executive parties, including banking. Also, it is necessary to control and visualize policies that are more comprehensive and consider holistic issues related to the aggressiveness of money circulation, which has the potential to disrupt the macroeconomy.

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

The stability of the demand for money is important to maintain the value of therupiah. This stability is seen in terms of the amount of currency and the ability ofmoney to fulfill all transactions in a short time. The use of non-cash money canhelp speed up the processing of financial transactions, but on the one hand it canhave an impact on changes in the demand for currency, which in turn affects thestability of the money supply. For this reason, it is necessary to conduct researchon 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 thedemand for currency in Indonesia for the 2014-2017 period. The analytical toolsused in this study are Vector Autoregression (VAR) to determine causality,Impulse Response Function (IRF) and Variance Decomposition (VD). The resultsshowed that the increase in the use of card-based non-cash money had an impacton reducing the demand for money in Indonesia in the 2014-2017 period. Thenon-cash money shock has an impact on the shock of changes in the demand forcurrency.

Pengaruh Uang Elektronik dan Surat Berharga Syariah Negara (SBSN) terhadap Jumlah Uang Beredar di Indonesia


 As the central bank of the Republic of Indonesia, Bank Indonesia has three main responsibilities: creating and implementing monetary policy, regulating and maintaining a seamless payment system, including cash and non-cash payments, and financial system stabilization. To achieve this goals, Bank Indonesia can use one of the sharia monetary instruments, specifically Government Islamic Securities and it is authorized to provide efficient payment instruments such as non-cash electronic money payment instruments, the development of which may have an effect on the money supply. The goal of this study was to determine the effect of electronic money and Government Islamic Securities on Indonesia's money supply. The data used in this analysis is secondary data in the form of a time series of 84 observations that includes monthly data on electronic money, Government Islamic Securities and the money supply from Bank Indonesia publications for the period January 2015 to December 2021. Using the EViews 10 program, this study technique employs the restricted VAR (Vector Autoregression)/VECM (Vector Error Correction Model) analysis method. The results of this study reveal that the variable of electronic money in the short term does not significantly affect the money supply. Electronic money, on the other hand, has a long-term positive influence on the money supply. The variable of Government Islamic Securities in the short term does not significantly affect the money supply. Meanwhile, Government Islamic Securities have a negative impact on the money supply in the long term.
 Keywords: Electronic Money, Government Islamic Securities and Money Supply.

The Behavior of Using Digital Money (E-Money) in the Millennial Generation Based on Islamic Perspective

OVO digital money is a means of payment in electronic form where the value of money is stored in certain electronic media. Users must first deposit their money to the publisher and store it in electronic media before using it for transaction purposes. Currently, there are two types of digital money in Indonesia, namely server-based digital money and chip-based digital money. This study aims to describe the behavior of using digital money in the millennial generation and its review based on Islamic perspective. This research is an observational study with a qualitative approach. Data were collected by interview, observation, and documentation methods. Data analysis was done descriptively. The results of the study show that forms of digital money transactions (OVO) are used as a means of payment for retail transactions, payments for online transportation orders and food orders, payments in e-commerce, and are used to pay bills such as purchasing credit or data packages. Muslim consumer behavior at IAIN Kediri students in using OVO is still in the reasonable stage and not excessive. In conclusion, IAIN Kediri students have shown the use of e-money based on Islamic perspective, namely shopping as a need, not as a desire, consuming halal goods, and not spending excessively.

PERSPEKTIF HUKUM EKONOMI SYARIAH TENTANG WAKAF UANG DI ERA REVOLUSI INDUSTRI 4.0

Introduction/Main Objectives: This study aims to determine cash waqf in the view of sharia economic law in the era of the industrial revolution 4.0. Background Problems: The understanding of the Indonesian people regarding cash waqf is still minimal. Even though this waqf has great potential for the welfare of the Indonesian people. Novelty: Regarding research from the perspective of Islamic economic law on cash waqf in the era of the industrial revolution 4.0, no one has researched it. Research Methods: The method used is literature research, qualitative, with statutory, historical, comparative and conceptual approaches and this research is normative. Finding/Results: The view of Shariāh Economics in Indonesia regarding cash waqf is carried out in accordance with Law No.41 / 2004 concerning waqf in which moving objects are in the form of "movable object waqf" which is manifested in the form of money. Conclusion: Waqf money in Indonesia in the era of the Industrial Revolution 4.0 can prosper the economy of the people and also the country. Waqf is positioned as social worship where with waqf in Law no.41 / 2004 concerning waqf article 1 it is explained that waqf is the act of a wakif to separate or give up part of his property to be used forever for worship purposes and also for welfare purposes according to Islamic sharia.

ANALISIS PERMINTAAN UANG PADA MASYARAKAT ISLAM KONTEMPORER

This study aims to analyze and determine the effect of interest rates and GDP on the demand for money in contemporary Islamic society. This type of research is descriptive and associative. While the type of data is documentary data, the data source is secondary data and time series data from the first quarter of 2015 to the fourth quarter of 2018. The analysis tool is a simultaneous equation model using the Two Stages Least Squared (TSLS) method.
 The results of the study conclude that the existing estimates explain that interest rates do not have a significant effect on the demand for money. This fact supports the initial hypothesis which states that there is no effect of interest rates in motivating a contemporary society to hold money in Indonesia. What has a significant effect on the demand for real money based on estimates, is that the level of income in accordance with the theory of income levels will have a positive effect on the demand for money.
 Based on the results of the research conducted, suggestions can be given, namely, even though the results show that there is no significant relationship between the interest rate and the demand for money, it is not necessarily the insignificant effect of the interest rate because most Indonesian people embrace Islam and have good awareness. against the prohibition of interest, but it could also be due to the high rate of profit sharing from Islamic banks.
 So that there is no such public attitude, we still need to promote Islamic banking products, and a good explanation about the prohibition of interest. In addition, the improvement of Islamic banking services is also very important in this regard.

Pengaruh Kartu Kredit, Dana Float dan Suku Bunga Kebijakan Terhadap Velocity Of Money Di Indonesia

Technology that is developing rapidly, one of which has provided changes to the payment system from cash to payment system non-cash. Changes in the form of payment instruments resulted in a decrease in the use of cash in the community which then had an impact on the velocity of money or the speed of money due to more liquid transactions and more efficient transactions. This study aims to determine the effect of credit cards, electronic money floating funds and interest rates on the velocity of money in Indonesia. This study uses data sourced from the official website of Bank of Indonesia and the Central Statistics Agency (BPS) of Indonesia. The research data used is in the form of monthly time series data from January 2017 to December 2021, the analytical tool used is the Error Correction Model (ECM). The results show that non-cash transactions in the form of credit cards and interest rate policies have a positive effect on money circulation in the long term, while electronic money floating funds have a negative effect on money circulation in Indonesia in the short and long term.

ANALISIS PENGARUH ELECTRONIC MONEY TERHADAP JUMLAH UANG BEREDAR DAN VELOCITY OF MONEY DI INDONESIA

The purpose of this study is to determine whether electronic money has an effect on the money supply and velocity of money in Indonesia. Technological developments that are increasingly developing affect payment systems that used to use cash to become e-money. E-money is starting to develop and is in demand by the public because it is considered more efficient and effective. The increasing use of electronic money (e-money) by the public has an impact on the money supply (M1) in Indonesia and the velocity of money. This study uses a quantitative approach with the type of associative research. This study uses secondary data sources. The sample in this study is the value of the volume of electronic money, the value of the money supply and the value of the velocity of money in Indonesia in 2012-2021. This study uses secondary data sources. The data analysis method used in this research is simple linear regression analysis. The result of this research is that e-money has a significant effect on the money supply. Electronic money contains float funds that are highly liquid which can be used to make legal payment transactions. So when the value of float funds increases, the amount of money in circulation in the community also increases. Electronic money has a significant effect on the velocity of money, when many people use e-money, fewer people use cash to make transactions.

ANALYSIS OF ELECTRONIC MONEY USAGE BEHAVIOR ON THE MILENNIAL GENERATION IN INDONESIA

The Covid-19 pandemic that began in 2019 forced people to be able to carry out all aspects of life without interacting directly, including in saving and transacting activities. Under these conditions, electronic money is present as the main tool to accommodate people's needs. This study tries to identify the factors that influence the behavior of millennials in Indonesia regarding the use of electronic money. The model used in the study adopted the UTAUT and E-SQ models. The results of the study show that the millennial generation's intention to use electronic money in Indonesia is significantly influenced by application reliability, customer service, and electronic money application design.

Prospect of Islamic Electronic Money in Indonesia: Case Study on the LinkAja Application

<p><em>This research conducted to see how the prospects for electronic money in Indonesia, considering the launch of new electronic money launched this year through the LinkAja application. This application has received a fatwa from the National Sharia Council of the Indonesian Ulema Council (DSN-MUI) to be a strong source of law for application in Indonesian society. The emergence of LinkAja electronic money is one of the policies of all stakeholders because the potential of sharia-based electronic money is quite large, apart from Indonesia having the world's largest Muslim population. The method that the author made is a qualitative method besides reading several journals and reading material about Islamic electronic money. The prospect of newly launched electronic money certainly has several challenges and opportunities that can be used as lessons for relevant stakeholders. Apart from the competition with the same applications as conventional-based electronic money, Indonesians are still used to conventional-based electronic money there is when compared to sharia-based systems. Complete support from the government is needed to make this electronic money develop well, apart from being protected by applicable laws and regulations. Promotion and marketing of all LinkAja management are also necessary to expand the reach not only in cities but also in villages.</em></p>

Pengaruh Alat Pembayaran Dengan Menggunakan Kartu, Dana Float dan Kebijakan Moneter Terhadap Velocity of Money di Indonesia

The increase in the use of non-cash will reduce the use of cash (cards) to increase the efficiency of transaction settlement, this will have an impact on the velocity of money. In addition, the decrease in cash circulating in the community due to the transition to non-cash money is not entirely used for transaction activities, most of the non-cash money will also settle and the deposited funds will be invested by the issuer in Government Securities and Bank Indonesia. The purpose of this study was to determine the effect of the value of credit card transactions on the velocity of money in Indonesia, to determine the effect of the value of ATM/debit card transactions on the velocity of money in Indonesia, to understand the impact of floating funds on the velocity of money in Indonesia and to determine the effect of policy interest rates (BI Rate). and BI7DRR) on the velocity of money in Indonesia. The type of approach used in this study is a quantitative descriptive approach. The analytical tool used is an error correction model (ECM) which is commonly used in econometrics. Credit card transaction value (NTKK) Significant positive impact on short-term and long-term currency turnover in Indonesia. In Indonesia's short and long term, the amount of floating funds (JDF) has a significant negative effect on Indonesia's short-term currency turnover, and the policy interest rate/BI Rate and BI7DRR (SBK) do not have a significant impact on short-term and long-term currency turnover in Indonesia

The Impact of BI Rate, Exchange Rate, and Inflation on Broad Money in Indonesia

The purpose of this study is to develop a model and research the effect of macroeconomics which includes the BI rate, exchange rate, and inflation on the development of the broad money (M2) by using data from the last ten years from 2011-2020 and obtaining 120 data. The method used in this research is quantitative research using SPSS software as a data processing tool. The results show that the variable BI rate, exchange rate, and inflation simultaneously have a significant effect on the amount of money circulating in Indonesia in the 2011-2020 period. In addition, the inflation variable and the BI rate have a negative relationship with the broad money (M2). Meanwhile, the exchange rate has a significant positive effect on broad money (M2).

Analisis Perbedaan Penggunaan Transaksi Tunai Dan Non Tunai (E-Money) Pada Mahasiswa UPN “Veteran” Jawa Timur

Money is something important in a country. Due to the rapid development of money in Indonesia, the payment system is also growing into two parts, cash and non-cash payments. Students also use it. However, differences in gender, UKT group, and area of ​​residence can affect the differences in transactions between each other. Therefore, this study discusses the differences in the frequency of transactions and the nominal value of transactions at UPN "veteran" East Java students. This study uses a quantitative approach to collect data using a questionnaire survey method. A total of 100 students have e-money applications. For data analysis, this study used a t-test analysis of two different samples, namely the independent sample t test difference test. The results of this study indicate that there are no differences in cash and non-cash transactions in the frequency of transactions when viewed in terms of gender, household group and area of ​​residence. Meanwhile, in the nominal value of the transaction, there are differences in terms of the UKT group and gender.

Adding rituximab to chemotherapy for diffuse large B-cell lymphoma patients in Indonesia: a cost utility and budget impact analysis

BackgroundRituximab plus cyclophosphamide, doxorubicin, vincristine, and prednisone (R-CHOP) has been used to treat patients with diffuse large B-cell lymphoma (DLBCL) under National Health Insurance (NHI) scheme in Indonesia. This study aims to estimate its cost-effectiveness and budget impact.MethodsWe conducted a cost utility analysis using Markov model over a lifetime horizon, from a societal perspective. Clinical evidence was derived from published clinical trials. Direct medical costs were gathered from hospital data. Direct non-medical costs, indirect costs, and utility data were primarily gathered by interviewing the patients. We applied 3% discount rate for both costs and effect. All monetary data are converted into USD (1 USD = IDR 14,000, 2019). Probabilistic sensitivity analysis was performed. In addition, from a payer perspective, budget impact analysis was estimated using price reduction scenarios.ResultsThe incremental cost-effectiveness ratio (ICER) of R-CHOP was USD 4674/LYG and 9280/QALY. If we refer to the threshold three times the GDP per capita (USD 11,538), R-CHOP could thus be determined as a cost-effective therapy. Its significant health benefit has contributed to the considerable ICER result. Although the R-CHOP has been considered a cost-effective intervention, the financial consequence of R-CHOP if remain in benefit package under National Health Insurance (NHI) system in Indonesia is considerably substantial, approximately USD 35.00 million with 75% price reduction scenario.ConclusionsAs a favorable treatment for DLBCL, R-CHOP ensures value for money in Indonesia. Budget impact analysis provides results which can be used as further consideration for decision-makers in matters related to benefit packages.

Enforcement Of Regulation for The Electronic Money in Indonesia in Order to Mitigate the Risk of Default Due to Insolvency

Enforcement Of Regulation for The Electronic Money in Indonesia in Order to Mitigate the Risk of Default Due to Insolvency

SHARIA’S ECONOMIC LAW PERSPECTIVE ABOUT CASH WAQF IN THE ERA OF THE INDUSTRIAL REVOLUTION FOUR POINTS ZERO

This study aims to determine cash waqf in the view of sharia economic law in the era of the industrial revolution 4.0. The understanding of the Indonesian people regarding cash waqf is still minimal even though this waqf has excellent potential for the welfare of the Indonesian people. Regarding research from the perspective of Islamic economic law on cash waqf in the era of the industrial revolution 4.0, no one has researched it. The method used is literature research, qualitative, with statutory, historical, comparative, and conceptual approaches, and this research is normative. The view of Shariah economics in Indonesia regarding cash waqf is carried out by Law No.41 / 2004 concerning waqf in which moving objects are in the form of “movable object waqf” which is manifested in the form of money. Waqf money in Indonesia in the era of the Industrial Revolution 4.0 can prosper the economy of the people and the country. Waqf is positioned as social worship, wherewith waqf in Law no.41 / 2004 concerning waqf article 1 it is explained that waqf is the act of a wakif to separate or give up part of his property to be used forever for worship purposes and for welfare purposes according to Islamic sharia.

Pengaruh Pembayaran Non Tunai dan Tingkat Suku Bunga Kebijakan Terhadap Sistem Pembayaran di Indonesia

This study aims to analyze the effect of non-cash payments and policy interest rates on the demand for money in Indonesia in the long and short term. The analysis method used is the Error Correction Model (ECM) with secondary data including electronic money, Card-Based Payment Instruments, BI-RTGS, SKNBI, policy interest rates and M2. The results showed that in the long run, electronic money and APMK had a positive and significant effect on the demand for money. SKNBI and BI-RTGS had a negative and significant effect on demand for money. “In the short term, APMK has a positive and significant effect on money demand. E-Money, SKNBI and BI-RTGS both have positive and insignificant effects on money demand. Policy interest rates have a negative and insignificant effect on money demand in the long and short term. The implication of this research is that in the future there will be more and more people transacting non-cash because it is considered safer, easier and faster. In addition, the demand for base money is reduced which in turn can affect the implementation of the central bank's duties in implementing monetary policy, especially controlling monetary amounts. The development of information technology will have implications for the reduced role of base money in payment transactions.