电子货币发展与存款货币创造能力的相关性研究

电子货币的产生与发展已经给传统的货币金融理论带来了前所未有的挑战,也对商业银行的存款货币创造能力产生了明显的影响。以电子货币为视角,将电子货币引入存款货币创造的理论分析框架,并对电子货币发展与存款货币创造能力的相关性进行实证检验。研究发现:电子货币在放大货币乘数的同时也使其稳定性下降,因此,中央银行难以通过存款准备金政策影响货币乘数,进而影响商业银行的存款货币创造能力,从而加大了中央银行控制货币供给的难度。

An Empirical Study on the Relationship between Development of Electronic Money and Ability of Deposit Money Creation

The development of electronic money brings unprecedented challenge for the traditional financial theory,and has remarkable influences on the creation ability of deposit money of commerce banks.From the view of electronic money,this paper introduces the electronic money into the theoretical analysis frame of deposit money creation to test the relationship between development of electronic money and the ability of deposit money creation.The experimental analysis shows that electronic money has monetary multip...