Proceedings of the First International Conference of Economics, Business & Entrepreneurship, ICEBE 2020, 1st October 2020, Tangerang, Indonesia

Research Article

The Variables Affecting The Volatility of E-Money in Indonesia and Thailand

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  • @INPROCEEDINGS{10.4108/eai.1-10-2020.2304739,
        author={Hasdi  Aimon and Sri Ulfa Sentosa and Moh. Ridha Mahatir},
        title={The Variables Affecting The Volatility of E-Money in Indonesia and Thailand},
        proceedings={Proceedings of the First International Conference of Economics, Business \& Entrepreneurship, ICEBE 2020, 1st October 2020, Tangerang, Indonesia},
        publisher={EAI},
        proceedings_a={ICEBE},
        year={2021},
        month={4},
        keywords={e-money cointegration error correction model},
        doi={10.4108/eai.1-10-2020.2304739}
    }
    
  • Hasdi Aimon
    Sri Ulfa Sentosa
    Moh. Ridha Mahatir
    Year: 2021
    The Variables Affecting The Volatility of E-Money in Indonesia and Thailand
    ICEBE
    EAI
    DOI: 10.4108/eai.1-10-2020.2304739
Hasdi Aimon1,*, Sri Ulfa Sentosa1, Moh. Ridha Mahatir1
  • 1: Universitas Negeri Padang
*Contact email: s3dkpl@gmail.com

Abstract

The study examines variables that affect the volatility of E-money in the short and long term in Indonesia and Thailand. The study used the determinants of economic growth, deposit rate, inflation, and real effective exchange rate. Quartelly data over the period 2011Q1-2019Q4 was analyzed using cointegration and the error correction model. The study found that economic growth affects the level of E-money in Indonesia and Thailand in the long term whereas in the short term, the deposit rate and real effective exchange rate affect Indonesia. Meanwhile, economic growth affects Thailand. Based on the comparison of research results, Indonesia is the best result.