|
Abstract:
The development of technology and
information has also spurred developments in the world of finance and banking,
one of these innovations is the shift in the use of cash to non-cash money.
Central Bank of Indonesia in 2009 launched the National Non-Cash Movement or
more commonly referred to as the Less Cash Society (LCS), particularly in
conducting transactions on economic activities using non-cash instruments.
CBI's motive for launching the LCS was due to the rampant cases of
counterfeiting money, as well as the high operational costs incurred by CBIeach
year for printing, distributing, storing and destroying money. Then came what
is known as electronic money (electronic money). Some of the e-money operators
and other companies that have helped build e-money supporting infrastructure
are fintech, and digital technology-based forms of financial services from
fintech. The research method used in this
study is explanatory research with quantitative solutions. Meanwhile, the
variables analyzed are e-money, inflation and investment. The relationship
between e-money and inflation and investment is a linear and direct
relationship. Meanwhile, the relationship between inflation and investment is a
reciprocal relationship. Therefore, the analysis model in this study used a
simultaneous regression model which was estimated by the 2SLS method (two stage
least squares) with the help of E-views software. This application is widely used
for statistical and econometric analysis of time series data types. Broadly
speaking, high e-money transactions affect the velocity of money circulation
and the large amount of money circulating in society, and in theory (monetary
quantity) e-money transactions can affect the inflation rate in Indonesia. So
that with the growth of e-money users and transactions, the risk of inflation
will increase.
|
