Islamic Money Demand Implications Based on Macroeconomic and Social Value Variables in Indonesia

DOI

10.2991/assehr.k.220407.062How to use a DOI?

Keywords

Islamic money demand; macroeconomic; social values

Abstract

This study aims to determine the implications of Islamic money demand based on Indonesia’s macroeconomic and social variables value. The used data is secondary data from the 2010-2019 time series. The method of this research is using Error Correction Model (ECM). E-views 9 program is used for processing data. The result of this research indicates that there are implications for a variety of Islamic Money Demands in Indonesia based on macroeconomic and social value variables in Indonesia. The result of ECM estimation showed that macroeconomic variable and social values only zakat variable significantly affect to M2Islam. While based on the coefficient value, the macroeconomic implications of variables on the demand for Islamic money are GDP, exchange rate, and inflation. on social value, the value of the zakat coefficient has the greatest value compared to infaq sadaqah on the Islamic money demand.

Copyright

© 2022 The Authors. Published by Atlantis Press SARL.

Open Access

This is an open access article distributed under the CC BY-NC 4.0 license.

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TY  - CONF
AU  - Eva Misfah Bayuni
AU  - Muhammad Yunus
AU  - Shifa Nurul Fadhilah
AU  - Yusuf Azis Yusrizal
AU  - Silvani Fauziyyah Adilla
AU  - Mujahid Mujahid
PY  - 2022
DA  - 2022/04/23
TI  - Islamic Money Demand Implications Based on Macroeconomic and Social Value Variables in Indonesia
BT  - Proceedings of the 4th Social and Humanities Research Symposium (SoRes 2021)
PB  - Atlantis Press
SP  - 301
EP  - 305
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.220407.062
DO  - 10.2991/assehr.k.220407.062
ID  - Bayuni2022
ER  -