E-Money Transactions as Leading Macroeconomic Indicators: A Markov Switching Value Autoregressive (MSVAR) Approach
Rika Rahayu, Mar’atus Zahro & Triyonowati · Asian Journal of Economics, Business and Accounting · 2025
Aims: This study aimed the combination of markov regime switching and vector autoregression (VAR) models using the number of e-money transactions as measured by leading macroeconomic indicators such as interest rates, inflation rates, stock returns and composite stock price indic...
Open access
Research Article
10.9734/ajeba/2025/v25i31728