摘要
互联网金融的发展加速了"金融脱媒"、利率市场化的进程,从而改变货币流通方式和流通速度,影响货币结构。实证分析表明,互联网金融对货币供给有着深刻的影响,尤其是支付货币电子化对流通中的现金和活期存款产生的替代效应非常明显;支付货币电子化的普及增强了商业银行的信用创造能力,增加了货币供给。但互联网金融的兴起对货币供给、货币需求和货币传导机制也造成一定的负面影响,削弱了货币政策调控实体经济的敏感程度。
The development of internet finance accelerates“financial disintermediation”and interest rate liberalization,which will in turn change currency circulation pattern and speed. Related empirical research shows that internet finance hassignificant influences on money supply,especially the significant substitute effect of electronic payment money on cash incirculation and current deposit;the popularity of electronic payment money enhances commercial banks’capability for creditcreation,and increases money supply. However,the rise of internet finance also has some negative effects on money supply,demand and transmit,which will in turn weaken the positive role of monetary policy in controlling real economy.
出处
《中国流通经济》
CSSCI
北大核心
2016年第7期122-128,共7页
China Business and Market
基金
吉林省教育厅"十三五"社会科学研究项目"基于互联网金融的吉林省中小微企业融资模式研究([2016]557)
关键词
互联网金融
第三方支付
电子货币
货币供给
internet finance
the third-party payment
electronic money
money supply
