摘要
电子货币的产生和发展不仅改变了人们的生活习惯和支付方式,而且给传统的金融理论带来了前所未有的挑战,特别是加大了中央银行制定和实施货币政策的难度。本文选取我国电子货币相关的样本数据,以现金漏损率和电子货币替代率作为变量,建立计量经济模型,对电子货币与货币供给的相关性进行了统计检验。实证结果表明,电子货币对传统货币具有明显的替代效应:电子货币模糊了各种货币层次之间的界限,也改变了货币的供给结构,从而对货币供应量产生影响。
With the development of Electronic money not only changed people＇ s habits and payment way, but has brought the unprecedented challenge for the traditional financial theory, specially increased the difficulty that central bank set down and implementation monetary policy. This paper selected the sample data of electronic money of China, builded an econometric model, tested the relationship between electronic money and money supply. This paper pointed out the electronic money had the obvious substitution effect to the traditional currency, blurred boundary between each kind of money level, and changed the money supplies structure as well, thus influenced to the money supply.
出处
《数量经济技术经济研究》
CSSCI
北大核心
2009年第3期129-138,共10页
Journal of Quantitative & Technological Economics
基金
教育部人文社会科学一般项目(项目批准号:07JC790027)的资助
关键词
电子货币
替代效应
货币供给
货币层次
Electronic Money
Substitution Effect
Money Supply
Money Level
