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No. 3 / 2026 — Autumn

Peer-reviewed articles in economics, finance, public policy, and sustainable development.

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Theoretical and Applied Economics
No. 4 / 2024 (641), Winter

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

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.

Keywords: digital payments, banking stability, panel data.

Contents

1

Digitalization and innovation: a regional perspective on their interaction

Monica-Mihaela MAER MATEI · Andreea-Monica MUNTEANU

2

Assessing the macroeconomic challenges in Romania after the economic and financial crisis

Maria-Daniela TUDORACHE

3

Green finance and innovation input: the promoters of carbon neutrality in China

Song GAO · Yating ZHU · Adelina DUMITRESCU PECULEA

4

A simple model of online marketing, production, profit and growth

Biswajit MANDAL · Labani Roy CHAKRABORTY · Alapan SANYAL

5

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

Meidiana AZZAHRAH · Ariodillah HIDAYAT · Liliana LILIANA

6

Modelling the relationship between inflation and uncertainty with existence of structural break: evidence from Azerbaijan

Vugar RAHIMOV

7

Analysis of the global energy resources evolution in the context of the population growth

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8

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9

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10

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11

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12

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13

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14

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15

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16

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Meng QIN

17

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18

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19

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20

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21

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22

The impact of oil price shocks on economic growth in Algeria

Hafsa DIB

23

The determinants of political instability: the role of mining resources

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24

Quantitative easing and its implications for contingent convertible triggers: an analytical perspective

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