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	Empirical research on the impact of usage of electronic money on money multiplier in China
	Zhang, Lei ; Wang, Liang ; Wu, Bangyuan ; Zhang L(张蕾)
	2012
关键词	Data integration Error correction Information science
英文摘要	Conference Name:2012 4th International Symposium on Information Science and Engineering, ISISE 2012. Conference Address: Shanghai, China. Time:December 14, 2012 - December 16, 2012.; Shanghai Institute of Electronics; Shanghai Jiaotong University; Fudan University; Peoples' Friendship University of Russia; Feng Chia University; In the perspective of utilization of electronic money which is incorporated into the monetary multiplier theory of decision analytical frameworks, the authors use methods of co-integration and error correction model to study the money multiplier of electronic money based on the data of China from 1990 to 2011. There are some conclusions: Firstly, in long-term, improving the usage of electronic money increases money multiplier by reducing cash leakage rate on the one hand, and reduces the money multiplier by raising the deposit reserve rate on the other hand. But the role of latter is stronger, the usage of electronic money has enhanced endogenous and instability of monetary multiplier. So it has reduced the effectiveness of monetary policy. 漏 2012 IEEE.
语种	英语
出处	http://dx.doi.org/10.1109/ISISE.2012.115
出版者	IEEE
内容类型	其他
源URL	[http://dspace.xmu.edu.cn/handle/2288/85250]
专题	管理学院－会议论文
推荐引用方式 GB/T 7714	Zhang, Lei,Wang, Liang,Wu, Bangyuan,et al. Empirical research on the impact of usage of electronic money on money multiplier in China. 2012-01-01.

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