电子货币对货币流动性的影响:基于我国数据的实证研究

Electronic money's influence on currency mobility:demonstration research based on China data

电子货币对货币流动性的影响,对于货币当局制定货币政策及进行金融监管有重要的意义。本文选取了1990-2012年的我国的相关数据,以电子货币为因变量,货币流动性为自变量,在平稳性检验,协整检验和格兰杰因果检验后,研究分析电子货币与货币流动性的相关性。结论表明:电子货币通过对流通中现金、狭义货币及广义货币的影响,从而使货币流动性下降。

The influence of electronic money on monetary liquidity has an important significance for financial regulation.This paper takes the relevant data of 1990-2012 to calculate and verify the system coefficients.Simulations were then used to predict the impact of electronic money on monetary liquidity.The result shows that the electronic money through effects on the currency money,the narrow money and broad money,the monetary liquidity decline.