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This paper examines the effect of electronic money on the efficiency of the payment system and narrow money demand function from 2007-2017 using Indonesia monthly data. This reseacrh found that electronic money increase private consumption expenditures as a proxy of the efficiency. On the other hand, result showed that electronic money decrease narrow money (M1).



Electronic Money Efficiency of the Payment System Narrow Money

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How to Cite
Igamo, A. M., & Falianty, T. A. (2018). The Impact of Electronic Money on the Efficiency of the Payment System and the Substitution of Cash in Indonesia. SRIWIJAYA INTERNATIONAL JOURNAL OF DYNAMIC ECONOMICS AND BUSINESS, 2(3), 237–254.