電子貨幣與商業(yè)銀行存款貨幣創(chuàng)造機(jī)制研究
發(fā)布時(shí)間：2018-12-21 07:24
【摘要】：隨著信息技術(shù)和互聯(lián)網(wǎng)的飛速發(fā)展,電子貨幣也隨之快速發(fā)展并開始對經(jīng)濟(jì)、社會(huì)與生活產(chǎn)生越來越深遠(yuǎn)的影響。由于電子貨幣具有支付便利、高速流通的特性及對現(xiàn)金及活期存款的替代效應(yīng),其對現(xiàn)有的貨幣體系造成了巨大沖擊,對商業(yè)銀行存款貨幣創(chuàng)造機(jī)制的各個(gè)環(huán)節(jié)、各個(gè)方面都有很大影響。掌握電子貨幣的規(guī)律及其與商業(yè)銀行信用創(chuàng)造的相關(guān)關(guān)系,對于貨幣金融領(lǐng)域的學(xué)術(shù)研究具有重要的理論意義,對央行如何制定和執(zhí)行貨幣政策更是有著重要的現(xiàn)實(shí)意義。 首先,本文在梳理前人關(guān)于電子貨幣與商業(yè)銀行存款創(chuàng)造機(jī)制的文獻(xiàn)的基礎(chǔ)上,界定電子貨幣的定義和分類,回顧了電子貨幣的發(fā)展歷程。其次,本文將電子貨幣引入傳統(tǒng)商業(yè)銀行存款貨幣創(chuàng)造模型,討論電子貨幣對中央銀行、商業(yè)銀行及公眾等貨幣主體行為的影響,并將電子貨幣替代率em作為自變量納入存款創(chuàng)造過程,推導(dǎo)出電子貨幣條件下全新的貨幣乘數(shù)模型。然后,建立計(jì)量經(jīng)濟(jì)模型,對于電子貨幣與貨幣乘數(shù)、商業(yè)銀行存款貨幣創(chuàng)造能力、貨幣層次等因素的相關(guān)性、影響方向和影響程度的大小進(jìn)行實(shí)證分析。最后,根據(jù)研究結(jié)論,有針對性地提出中央銀行規(guī)范發(fā)展電子貨幣、加強(qiáng)對電子貨幣發(fā)行主體監(jiān)管、確定貨幣政策中介目標(biāo)及增強(qiáng)貨幣政策有效性方面的政策建議。 本文研究結(jié)果表明,電子貨幣的發(fā)展擴(kuò)大了貨幣乘數(shù)效應(yīng),且其對廣義貨幣乘數(shù)m2的放大效應(yīng)大于狹義貨幣乘數(shù)m1。電子貨幣的發(fā)展增強(qiáng)了商業(yè)銀行的存款貨幣創(chuàng)造能力。電子貨幣具有替代現(xiàn)金與活期存款,和推動(dòng)貨幣由較低層次向較高層次轉(zhuǎn)化兩種效應(yīng),目前在我國電子貨幣的轉(zhuǎn)化效應(yīng)超過替代效應(yīng),且這種轉(zhuǎn)化效應(yīng)主要表現(xiàn)為使現(xiàn)金轉(zhuǎn)化為活期存款。
[Abstract]:With the rapid development of information technology and Internet, electronic money also develops rapidly and has more and more profound influence on economy, society and life. Because electronic money has the characteristics of convenient payment, high speed circulation and substitution effect on cash and demand deposit, it has a great impact on the existing monetary system, and it has a great impact on every link of deposit money creation mechanism of commercial bank. Every aspect has a great influence. Mastering the law of electronic money and its correlation with the credit creation of commercial banks is of great theoretical significance to the academic research in the field of monetary and financial affairs, and is of great practical significance to how the central bank formulates and implements monetary policy. First of all, on the basis of combing the previous literatures on electronic money and deposit creation mechanism of commercial banks, this paper defines the definition and classification of electronic money, and reviews the development of electronic money. Secondly, this paper introduces the electronic money into the traditional commercial bank deposit money creation model, and discusses the influence of electronic money on the behavior of the central bank, commercial bank and the public. The electronic money substitution rate (em) is taken as an independent variable into the deposit creation process, and a new money multiplier model under the condition of electronic money is derived. Then, an econometric model is established to analyze the correlation between electronic money and money multiplier, the ability of deposit money creation in commercial banks, the monetary level, the influence direction and the degree of influence. Finally, according to the conclusion of the study, the central bank puts forward some policy suggestions on standardizing the development of electronic money, strengthening the supervision of the subject of electronic money issuance, determining the intermediate target of monetary policy and enhancing the effectiveness of monetary policy. The results show that the development of electronic money expands the monetary multiplier effect, and its amplification effect on the broad money multiplier m ~ 2 is greater than that on the narrow money multiplier m _ 1. The development of e-money has enhanced the ability of commercial banks to create deposit money. Electronic currency has two effects: replacing cash and demand deposit, and promoting currency to transform from lower level to higher level. At present, the transformation effect of electronic money in China exceeds the substitution effect. And the effect of this transformation is mainly to make cash into demand deposits.
【學(xué)位授予單位】：復(fù)旦大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2013
【分類號】：F822;F832.2
本文編號：2388565
[Abstract]:With the rapid development of information technology and Internet, electronic money also develops rapidly and has more and more profound influence on economy, society and life. Because electronic money has the characteristics of convenient payment, high speed circulation and substitution effect on cash and demand deposit, it has a great impact on the existing monetary system, and it has a great impact on every link of deposit money creation mechanism of commercial bank. Every aspect has a great influence. Mastering the law of electronic money and its correlation with the credit creation of commercial banks is of great theoretical significance to the academic research in the field of monetary and financial affairs, and is of great practical significance to how the central bank formulates and implements monetary policy. First of all, on the basis of combing the previous literatures on electronic money and deposit creation mechanism of commercial banks, this paper defines the definition and classification of electronic money, and reviews the development of electronic money. Secondly, this paper introduces the electronic money into the traditional commercial bank deposit money creation model, and discusses the influence of electronic money on the behavior of the central bank, commercial bank and the public. The electronic money substitution rate (em) is taken as an independent variable into the deposit creation process, and a new money multiplier model under the condition of electronic money is derived. Then, an econometric model is established to analyze the correlation between electronic money and money multiplier, the ability of deposit money creation in commercial banks, the monetary level, the influence direction and the degree of influence. Finally, according to the conclusion of the study, the central bank puts forward some policy suggestions on standardizing the development of electronic money, strengthening the supervision of the subject of electronic money issuance, determining the intermediate target of monetary policy and enhancing the effectiveness of monetary policy. The results show that the development of electronic money expands the monetary multiplier effect, and its amplification effect on the broad money multiplier m ~ 2 is greater than that on the narrow money multiplier m _ 1. The development of e-money has enhanced the ability of commercial banks to create deposit money. Electronic currency has two effects: replacing cash and demand deposit, and promoting currency to transform from lower level to higher level. At present, the transformation effect of electronic money in China exceeds the substitution effect. And the effect of this transformation is mainly to make cash into demand deposits.
【學(xué)位授予單位】：復(fù)旦大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2013
【分類號】：F822;F832.2
【參考文獻(xiàn)】
相關(guān)期刊論文 前2條
1 靳超,冷燕華;電子化貨幣、電子貨幣與貨幣供給[J];上海金融;2004年09期
2 周光友;;電子貨幣的貨幣乘數(shù)效應(yīng):基于中國的實(shí)證分析[J];統(tǒng)計(jì)研究;2007年03期
，本文編號：2388565
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