试论金融全球化条件下的网络金融发展对货币政策的影响

Implications of the Development of Electronic Money and Internet Banking for Monetary Policies in the Context of Finance Internationalization

电子货币的产生是完全适应客户需求而产生的,因特网的国际化特性使这种完全以需求导向的电子货币更易打破境域的限制,在全球范围内加剧了不同国家货币供给机制间的竞争,对各国的宏观调控产生不利的影响。本文试从金融全球化和网络化条件下一国货币供求的变化分析入手,来讨论其变动对一国货币政策的冲击及其影响。

Electronic money emerges as a result of customer demand. The global nature of the internet enables such entirely demand-oriented electronic money to cross territorial borders more easily, which aggravates global competition between money supply mechanisms of different countries and brings about negative impact on their macro regulation . This paper attempts at an analysis of a country's money supply and demand changes in the context of financial globalization and internet banking, to shed light on the impact of such changes on a country's monetary policy.