How to cite this paper
Risman, A., Mulyana, B., Silvatika, B & Sulaeman, A. (2021). The effect of digital finance on financial stability.Management Science Letters , 11(7), 1979-1984.
Refrences
Akinwale, O. Y., Sanusi, A., & Surujlal, J. (2018). An empirical analysis of information and communication technology (ICT) and economic growth in Nigeria. International Journal of eBusiness and eGovernment Studies, 10(1), 129-142.
Bank Indonesia (2020). Financial System Stability. Available at: https://www.bi.go.id/id/ssk/Content/default.aspx. (Ac-cessed July 2020).
Beck, T., Demirgüç-Kunt, A., & Levine, R. (2007). Finance, inequality and the poor. Journal of Economic Growth, 12(1), 27-49.
Bruhn, M., & Love, I. (2014). The real impact of improved access to finance: Evidence from Mexico. The Journal of Fi-nance, 69(3), 1347e1376.
Buchak, G., Matvos, G., Piskorski, T., & Seru, A. (2018). Fintech, Regulatory Arbitrage, and the Rise of Shadow Banks. Journal of Financial Economics, 130(3), 53-483
Caballero, R. J., & Simsek, A. (2013). Fire sales in a model of complexity. The Journal of Finance, 68(6), 2549-2587.
Cardona, M., Kretschmer, T., & Strobel, T. (2013). ICT and productivity: conclusions from the empirical literature. In-formation Economics and Policy, 25, 109-125.
Durai, T., & Stella, G. (2019). Digital finance and its impact on financial inclusion. Journal of Emerging Technologies and Innovative Research, 6(1), 122-127.
Gai, P., & Kapadia, S. (2010). Contagion in Financial Networks, Bank of England Working Paper 383, London.
Goldfarb, A., & Tucker, C. (2017). Digital Economics. NBER Working Paper No. 23684
Hodula, M., & Pfeifer, L. (2018). Fiscal-monetary-financial stability interactions in a data-rich environment. Review of Economic Perspectives,18(3), 195−224.
Jakubik, P., & Moinescu, B. (2015). Assessing optimal credit growth for an emerging banking system. Economic Systems, 39(4), 577-591.
Kanobe, F., Alexander, P. M., & Bwalya, K. J. (2017). Policies, regulations and procedures and their effects on mobile money systems in Uganda. The Electronic Journal of Information Systems in Developing Countries, 83(1), 1-15. https://doi.org/10.1002/j.1681-4835.2017.tb00615.x
Li, Y., Spigt, R., & Swinkels, L. (2017). The impact of FinTech start-ups on incumbent retail banks’ share prices. Finan-cial Innovation, 3(1), 1-16.
Nugroho, Lucky & Harnovinsah, Harnovinsah & Putra, Yananto & Prinoti, P. (2020). Analysis of Comparison of Islamic Banks with Financial Technology (Fintech) In Disbursements of Micro-Financing Based on Requirements, Services Speed and Margin. 1. 1-10.
Manyika, J., Lund, S., Singer, M., White, O., & Berry, C. (2016). Digital finance for all: Powering inclusive growth in emerging economies. USA: McKinsey Global Institute, September.
Minoiu, C., & Reyes, J. A. (2013). A Network Analysis of Global Banking: 1978–2010. Journal of Financial Stability 9(2), 168-184.
Mörttinen, L., Poloni P., Sandras P., & Vesala J. (2005). Analysing Banking Sector Conditions: How to Use Macropruden-tial Indicators, ECB Occasional Paper no. 26, April 2005
Nelson, B. (2019). Commentary: Digital Currencies and Payments: Financial Stability and Monetary Policy Implications. The Journal of Investing Cryptocurrency Special Issue 2019, 28(3) 70-72; DOI: https://doi.org/10.3905/joi.2019.28.3.070
Nelson, B. (2018). Financial stability and monetary policy issues associated with digital currencies. Journal of Economics and Business, 100, 76-78.
Ozili, P. K. (2018). Banking stability determinants in Africa. International Journal of Managerial Finance, 14(4), 462-483.
Pazarbasioglu, C., Garcia Mora, A., Uttamchandani, M., Natarajan, H., Feyen, E., & Saal, M. (2020). Digital Financial Services. Available at: http://pubdocs.worldbank.org/en/230281588169110691/Digital-Financial-Services.pdf. Ac-cessed July 2020).
PBI (2018), Regulation of Bank Indonesia Number 20/PBI/2018 concerning Electronic Money.
PBI (2014), Regulation of Bank Indonesia Number 20/PBI/2014 concerning Prudential Principles for the Management of Non-Bank Corporate External Debt to corporate borrowers of foreign loans, which was further amended with BI Regu-lation No. 16/21/PBI/2014.
Ramli, Y. (2020). Adopting Digital Payment based on the Features and Benefits provided by the Application. European Journal of Business and Management Research, 5(3).
Redda, E. H., & Surujlal, J. (2017). Measuring and modelling internet banking service quality in South Africa. Interna-tional Journal of eBusiness and eGovernment Studies, 9(2), 137-157.
Risman, A., Sulaeman, A. S., Silvatika, B. A., & Siswanti, I. (2020). The Moderating Effects of Economic Growth on the Relationships Between Related Party Transactions, Profitability, Audit Committee and Firm’s Value. European Online Journal of Natural and Social Sciences, 9(4), 719.
Romānova, I., & Kudinska, M. (2016). Banking and Fintech: a challenge or opportunity?. In Contemporary issues in fi-nance: Current challenges from across Europe. Emerald Group Publishing Limited, 98, 21-35.
Scott, S. V., Van Reenen, J., & Zachariadis, M. (2017). The long-term effect of digital innovation on bank performance: An empirical study of SWIFT adoption in financial services. Research Policy, 46(5), 984e1004.
Tang, H. (2019) Peer-to-Peer Lenders Versus Banks: Substitutes or Complements? The Review of Financial Studies, 32(5), 1900–1938.
Utari, G. D., Arimurti, T., & Kurnia, I. N. (2012). Optimal Credit Growth. Buletin Ekonomi Moneter dan Perbankan, 15(2), 3-34.
World Bank. (2020). Financial stability. Available at: https://www.worldbank.org/en/publication/gfdr/gfdr-2016/background/financial-stability. (Accessed July 2020)
Bank Indonesia (2020). Financial System Stability. Available at: https://www.bi.go.id/id/ssk/Content/default.aspx. (Ac-cessed July 2020).
Beck, T., Demirgüç-Kunt, A., & Levine, R. (2007). Finance, inequality and the poor. Journal of Economic Growth, 12(1), 27-49.
Bruhn, M., & Love, I. (2014). The real impact of improved access to finance: Evidence from Mexico. The Journal of Fi-nance, 69(3), 1347e1376.
Buchak, G., Matvos, G., Piskorski, T., & Seru, A. (2018). Fintech, Regulatory Arbitrage, and the Rise of Shadow Banks. Journal of Financial Economics, 130(3), 53-483
Caballero, R. J., & Simsek, A. (2013). Fire sales in a model of complexity. The Journal of Finance, 68(6), 2549-2587.
Cardona, M., Kretschmer, T., & Strobel, T. (2013). ICT and productivity: conclusions from the empirical literature. In-formation Economics and Policy, 25, 109-125.
Durai, T., & Stella, G. (2019). Digital finance and its impact on financial inclusion. Journal of Emerging Technologies and Innovative Research, 6(1), 122-127.
Gai, P., & Kapadia, S. (2010). Contagion in Financial Networks, Bank of England Working Paper 383, London.
Goldfarb, A., & Tucker, C. (2017). Digital Economics. NBER Working Paper No. 23684
Hodula, M., & Pfeifer, L. (2018). Fiscal-monetary-financial stability interactions in a data-rich environment. Review of Economic Perspectives,18(3), 195−224.
Jakubik, P., & Moinescu, B. (2015). Assessing optimal credit growth for an emerging banking system. Economic Systems, 39(4), 577-591.
Kanobe, F., Alexander, P. M., & Bwalya, K. J. (2017). Policies, regulations and procedures and their effects on mobile money systems in Uganda. The Electronic Journal of Information Systems in Developing Countries, 83(1), 1-15. https://doi.org/10.1002/j.1681-4835.2017.tb00615.x
Li, Y., Spigt, R., & Swinkels, L. (2017). The impact of FinTech start-ups on incumbent retail banks’ share prices. Finan-cial Innovation, 3(1), 1-16.
Nugroho, Lucky & Harnovinsah, Harnovinsah & Putra, Yananto & Prinoti, P. (2020). Analysis of Comparison of Islamic Banks with Financial Technology (Fintech) In Disbursements of Micro-Financing Based on Requirements, Services Speed and Margin. 1. 1-10.
Manyika, J., Lund, S., Singer, M., White, O., & Berry, C. (2016). Digital finance for all: Powering inclusive growth in emerging economies. USA: McKinsey Global Institute, September.
Minoiu, C., & Reyes, J. A. (2013). A Network Analysis of Global Banking: 1978–2010. Journal of Financial Stability 9(2), 168-184.
Mörttinen, L., Poloni P., Sandras P., & Vesala J. (2005). Analysing Banking Sector Conditions: How to Use Macropruden-tial Indicators, ECB Occasional Paper no. 26, April 2005
Nelson, B. (2019). Commentary: Digital Currencies and Payments: Financial Stability and Monetary Policy Implications. The Journal of Investing Cryptocurrency Special Issue 2019, 28(3) 70-72; DOI: https://doi.org/10.3905/joi.2019.28.3.070
Nelson, B. (2018). Financial stability and monetary policy issues associated with digital currencies. Journal of Economics and Business, 100, 76-78.
Ozili, P. K. (2018). Banking stability determinants in Africa. International Journal of Managerial Finance, 14(4), 462-483.
Pazarbasioglu, C., Garcia Mora, A., Uttamchandani, M., Natarajan, H., Feyen, E., & Saal, M. (2020). Digital Financial Services. Available at: http://pubdocs.worldbank.org/en/230281588169110691/Digital-Financial-Services.pdf. Ac-cessed July 2020).
PBI (2018), Regulation of Bank Indonesia Number 20/PBI/2018 concerning Electronic Money.
PBI (2014), Regulation of Bank Indonesia Number 20/PBI/2014 concerning Prudential Principles for the Management of Non-Bank Corporate External Debt to corporate borrowers of foreign loans, which was further amended with BI Regu-lation No. 16/21/PBI/2014.
Ramli, Y. (2020). Adopting Digital Payment based on the Features and Benefits provided by the Application. European Journal of Business and Management Research, 5(3).
Redda, E. H., & Surujlal, J. (2017). Measuring and modelling internet banking service quality in South Africa. Interna-tional Journal of eBusiness and eGovernment Studies, 9(2), 137-157.
Risman, A., Sulaeman, A. S., Silvatika, B. A., & Siswanti, I. (2020). The Moderating Effects of Economic Growth on the Relationships Between Related Party Transactions, Profitability, Audit Committee and Firm’s Value. European Online Journal of Natural and Social Sciences, 9(4), 719.
Romānova, I., & Kudinska, M. (2016). Banking and Fintech: a challenge or opportunity?. In Contemporary issues in fi-nance: Current challenges from across Europe. Emerald Group Publishing Limited, 98, 21-35.
Scott, S. V., Van Reenen, J., & Zachariadis, M. (2017). The long-term effect of digital innovation on bank performance: An empirical study of SWIFT adoption in financial services. Research Policy, 46(5), 984e1004.
Tang, H. (2019) Peer-to-Peer Lenders Versus Banks: Substitutes or Complements? The Review of Financial Studies, 32(5), 1900–1938.
Utari, G. D., Arimurti, T., & Kurnia, I. N. (2012). Optimal Credit Growth. Buletin Ekonomi Moneter dan Perbankan, 15(2), 3-34.
World Bank. (2020). Financial stability. Available at: https://www.worldbank.org/en/publication/gfdr/gfdr-2016/background/financial-stability. (Accessed July 2020)