Stability of Money Supply, E-money, Interest Rate, and Inflation in Indonesia

摘要

This study examines the stability of money supply, e-money, interest rates and inflation in Indonesia. Using the month data for the period 2009m1-2019m12, cointegration and VECM. The results showed that, in the short term money supply and inflation had a significant effect on money supply. While in the long run inflation has a significant effect on money supply. In the short term money supply has a significant effect on e-money. While in the long run money supply and inflation have a significant effect e-money. In the short term interest rates and money supply have a significant effect on interest rates. While in the long run money supply and inflation have a significant effect on interest rates. In the short term inflation and money supply have a significant effect on inflation. While in the long run money supply has a significant effect on inflation.