电子货币对货币政策的影响

The Influence of Electronic Currency on Monetary Policy

研究电子货币对货币政策的影响,主要从三方面分析:(1)在现有电子货币发展模式下,货币层次界限模糊,流通速度加快,货币乘数提高,传统信用创造机制改变;(2)通过电子货币对货币供给量、信用总量、同业拆借利率和银行存款准备金的货币政策中介目标分析,确定货币政策工具实施的效果和有效性;(3)通过稳定物价、充分就业、促进经济增长和平衡国际收支的货币政策的最终目标的验证确定电子货币对货币政策的积极影响。

This study of the impact of electronic money on monetary policy mainly consists of three aspects：（ 1） to explain the objective effects of electronic money on currency,consideration are taken into the monetary blurred boundary,the increasing circulation speed and currency multiplier,and the changing of traditional credit creation mechanism in the context of the current e-money development model;（ 2） to determine the effectiveness of monetary policy instruments through the analysis of the intermediary goals of monetary policy on monetary supply,total credit,interbank lending rates,and bank deposit reserves;（ 3） to determine the positive impact of e-money on monetary policy by verifying the ultimate goal of monetary policy that stabilizes prices,full employment,promoting economic growth and the balance of payments.