Influencing Factor Between Electronic Payments and Money Supplyin Thailand

Abstract

          A study of Influencing Factor Between Electronic Payments And Money Supply In Thailand Its main objectives are 1) to study a Influencing Factor between e-Payment and money supply in the economy 2) Study on differences in the impact of e-Payment and It sub objective is 1) Study the rate of substitution between bank notes and coins in the hands of people Which are being replaced by electronic payment (e-Payment) that affects the economic changes of Thailand. In this research, the researchers used monthly time series secondary data from January 2010 to December 2018 in Thailand. The statistical analysis of multiple linear regression and F-test were used in the test. The study found that Electronic payment (e-Payment) is related to the amount of money in the economy. Statistical significance at the 0.05 level, all payments are significantly different at the 0.05 level. In addition, electronic payments (e-Money) have the most impact on money supply in the economy compared to other forms of payment, alternative rates, and the potential of e-payment. Reduction ratio of reserve assets to deposits and reserves ratio to e-Money will drive up the money in the economy system.