财经理论与实践
財經理論與實踐
재경이론여실천
The Theory and Practice of Finance and Economics
2011年
6期
14~19
,共null页
电子货币 通货膨胀 放大效应 加速效应
電子貨幣 通貨膨脹 放大效應 加速效應
전자화폐 통화팽창 방대효응 가속효응
Electronic money;Inflation; Magnifying effect ; Accelerating effect
以电子货币为视角，将其引入通货膨胀形成机制的理论分析框架。研究发现，电子货币对通货膨胀的影响主要体现在放大效应和加速效应两个方面，从而加大了中央银行调控货币政策的难度。同时选取我国1990-2009年的相关样本数据，通过构建计量经济模型，对放大效应以及加速效应与通货膨胀的相关性进行了统计检验。实证结果表明，电子货币的通货膨胀效应显著存在，并提出了相关的对策建议。
以電子貨幣為視角，將其引入通貨膨脹形成機製的理論分析框架。研究髮現，電子貨幣對通貨膨脹的影響主要體現在放大效應和加速效應兩箇方麵，從而加大瞭中央銀行調控貨幣政策的難度。同時選取我國1990-2009年的相關樣本數據，通過構建計量經濟模型，對放大效應以及加速效應與通貨膨脹的相關性進行瞭統計檢驗。實證結果錶明，電子貨幣的通貨膨脹效應顯著存在，併提齣瞭相關的對策建議。
이전자화폐위시각，장기인입통화팽창형성궤제적이론분석광가。연구발현，전자화폐대통화팽창적영향주요체현재방대효응화가속효응량개방면，종이가대료중앙은행조공화폐정책적난도。동시선취아국1990-2009년적상관양본수거，통과구건계량경제모형，대방대효응이급가속효응여통화팽창적상관성진행료통계검험。실증결과표명，전자화폐적통화팽창효응현저존재，병제출료상관적대책건의。
The emergence and development of electronic money have produced impacts on many traditional financial theories, including a significant effect on inflation. In this paper, electronic money is introduced into the framework of the formation mechanism of inflation. It is found that the circulation of electronic money has magnified and accelerated the inflation, which increase the difficulty of macro control by the central bank. Then the empirical study has been done to test the amplification and acceleration effects by the data from 1990 to 2009. As is shown in the empirical results, both of the two effects are significant. At last, some suggestions are given.
