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The relationship of digital payments, macroeconomic variables, and banking stability in developing Asia

Author

Listed:
  • Meidiana AZZAHRAH

    (Sriwijaya University, Indonesia)

  • Ariodillah HIDAYAT

    (Sriwijaya University, Indonesia)

  • Liliana LILIANA

    (Sriwijaya University, Indonesia)

Abstract

This study examines the relationship between digital payments and macroeconomic variables on banking stability in Asian countries. This research uses data sourced from the International Monetary Fund (IMF) and the World Bank with the period 2011 to 2021. This study used panel data regression analysis techniques in the form of Fixed Effect Model. The results showed a positive and significant relationship between digital payment variables, economic growth, inflation and banking stability. The negative correlation between exchange rates and banking stability highlights the potential adverse effects of currency exchange rate fluctuations.

Suggested Citation

  • Meidiana AZZAHRAH & Ariodillah HIDAYAT & Liliana LILIANA, 2024. "The relationship of digital payments, macroeconomic variables, and banking stability in developing Asia," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(4(641), W), pages 67-84, Winter.
    • Handle: RePEc:agr:journl:v:xxxi:y:2024:i:4(641):p:67-84
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    References listed on IDEAS

    as
    1. Li, Min & Liu, Na & Kou, Aiju & Chen, Wenchuan, 2023. "Customer concentration and digital transformation," International Review of Financial Analysis, Elsevier, vol. 89(C).
    2. Cai, Cen & Tu, Yongqian & Li, Zhi, 2023. "Enterprise digital transformation and ESG performance," Finance Research Letters, Elsevier, vol. 58(PD).
    3. Zhou, Zhongsheng & Li, Zhuo, 2023. "Corporate digital transformation and trade credit financing," Journal of Business Research, Elsevier, vol. 160(C).
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