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

Wijaya, Adi; Nurjanana, Nurjanana; A, Erwin Kurniawan

doi:10.55493/5009.v10i4.4693

Cited by 2 publications

(2 citation statements)

References 31 publications

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“…Noted that Asian and African countries dominated by banking sector services (Claude, Ibrahim, Fantcho, & Ndesil, 2020) pointed out the importance of banking credit in Gross Domestic Product (GDP), which is the main economic indicator that represents the total value of goods and services produced by a country for a specific period. Banks deposit money, and it is the engine that drives the economy (Wijaya, Nurjanana, & Kurniawan, 2022). The adoption of emerging technologies such as BCT drives the growth and success of the banking sector.…”

Section: Blockchain Technology In Banking Sectormentioning

confidence: 99%

The impact of blockchain technology on customer attitude and behavioral intentions in the banking sector

Jayaraman,

Azad,

Ahmed

et al. 2023

5009

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This study examines customer attitudes towards blockchain technology (BCT)-supported banking applications in Oman and explores the relationship between these attitudes and behavioral intentions, highlighting the influencing factors. Blockchain Technology (BCT) has disrupted the banking sector, but understanding customer attitudes towards BCT-supported banking applications and their impact on behavior remains limited. In pursuit of this objective, a quantitative research design was employed, involving the collection of data from retail bank customers in Oman through a structured questionnaire. The collected data underwent rigorous analysis using a robust Structural Equation Model, confirming the constructs' validity, reliability, and distinctiveness. The study uncovered that BCT has a positive impact on various aspects of the banking sector, including customer service quality, regulatory compliance, secured transactions, and cost reduction. By augmenting transparency, efficiency, and trust in banking transactions, BCT significantly improves customer attitudes towards BCT-supported banks. Furthermore, the research reveals that positive attitudes play a pivotal role in influencing customers' intentions to prefer and continue using these blockchain-backed banks. The study also highlights the importance of trust factors and transaction frequency as moderators in shaping customer attitudes and behavioral intentions in this context. The insights gleaned from this research hold practical significance for banks operating in Oman, offering guidance for tailored marketing campaigns, product design, and aligning their offerings with customer expectations in the realm of blockchain-supported banking applications. Additionally, the study provides practical recommendations for the successful implementation and adoption of blockchain-supported financial applications within the banking sector.

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Section: Blockchain Technology In Banking Sectormentioning

confidence: 99%

The impact of blockchain technology on customer attitude and behavioral intentions in the banking sector

Jayaraman,

Azad,

Ahmed

et al. 2023

5009

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“…Understanding the economic context is crucial for contextualizing the determinants of money demand in Indonesia. (Wijaya et al, 2022).…”

Section: Introductionmentioning

confidence: 99%

Analysis of Factors Affecting the Demand for Money in Indonesia

Fatihah,

Pasaribu

2024

JIMEA

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Demand for money is defined as people's tendency to save money for various purposes, such as transactions, anticipation, and speculation. Many factors related to economic, social, political and psychological conditions influence the demand for money. This research aims to evaluate the impact of various variables on money demand in Indonesia from 2018 to 2023. This research uses an Error Correction Model (ECM), which can measure short-term and long-term correlations between the variables studied. The money supply (M2) is the dependent variable of this research, and the independent variables are interest rates, inflation and the US dollar exchange rate against the rupiah. The results show that except for inflation, all independent variables influence money demand significantly in the long run. In the short term, only the rupiah exchange rate has a significant influence on the demand for money.

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

Cited by 2 publications

References 31 publications

The impact of blockchain technology on customer attitude and behavioral intentions in the banking sector

The impact of blockchain technology on customer attitude and behavioral intentions in the banking sector

Analysis of Factors Affecting the Demand for Money in Indonesia

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