CAJ | 학술논문

互联网金融快速发展所带来“存款搬家”、银行业改革、货币基金崛起等现象正在改变着金融市场格局，也逐步对货币政策产生影响。从互联网金融影响货币政策的机理出发，通过对货币需求、货币供给和货币政策效率三个方面分析，得出以下结论：一是互联网金融能够促进公众投资性动机，增加货币需求；二是互联网金融间接拓宽了货币供给渠道，削弱货币供给的可控性、可预测性与相关性；三是互联网金融干扰了货币政策制定的准确性与实施的有效性。
호련망금융쾌속발전소대래“존관반가”、은행업개혁、화폐기금굴기등현상정재개변착금융시장격국，야축보대화폐정책산생영향。종호련망금융영향화폐정책적궤리출발，통과대화폐수구、화폐공급화화폐정책효솔삼개방면분석，득출이하결론：일시호련망금융능구촉진공음투자성동궤，증가화폐수구；이시호련망금융간접탁관료화폐공급거도，삭약화폐공급적가공성、가예측성여상관성；삼시호련망금융간우료화폐정책제정적준학성여실시적유효성。
The rapid development of Internet banking has led to the deposit moving,banking reform and monetary fund development,which are not only changing the pattern of the financial markets,but also having an impact on monetary policy.From the influence of Internet financial mechanism of monetary policy,this pa-per analyzes the current money demand,money supply and efficiency of monetary policy.It has made the fol-lowing three conclusions.First,the Internet can promote the public's investment motivation and increase the money demand.Second,the Internet banking can broaden the money supply and reduce the money supply's controllability,predictability and relevance.Third,the Internet banking disturbs the accuracy of monetary policy making and the effectiveness of monetary policy implementation.