期刊名称：Journal of Islamic Monetary Economics and Finance
印刷版ISSN：2460-6146
电子版ISSN：2460-6618
出版年度：2018
卷号：3
页码：63-78
语种：English
出版社：Bank Indonesia
摘要：This study aims to determine the effect,estimates shocks and determine the contribution of social values,real GDP currency,wadi’ah demand deposits,Mudaraba savings,mudaraba deposits and Islamic Bank Returns on money demand in Indonesia.Theoretically,Real GDP and social values are able to increase money demand using of fiat money,wadi’ah demand deposits,mudaraba savings and 2 with a composition comprising mudaraba investment each mechanism.Money demand represented by M deposits completed Islamic Bank return as balancing cost in Money demand.This study employed comparative quantitative analysis as its research methodology.This research utilizes 8 (eight) variable which were analyzed by employing unit root test,determining Lag Optimal,Cointegrate-Test,VECM Estimates,Impulse Response Function and Variance Decomposition.The results of VECM estimation showed that real GDP,fiat money,wadi’ah demand deposits,shari’ah return,mudaraba savings and mudaraba investment deposits have significant influence on the Money Demand (MD) in the long-term.In short-term,social values significantly influenced MD in Indonesia.The results of Impulse response showed that real GDP positively responded by the M2.Similarly,social values fiat money,wadi’ah deposits,mudaraba deposits,and shari’ah responded by the M2 IS.Variance decomposition results showed that social values 2 return positively respondend by the M IS.Conversely,mudaraba savings negatively have the biggest contribution,then followed by wadi’ah demand deposits,mudaraba deposits,mudaraba savings,currency,real GDP and shari’ah return.
