货币数字化研究

发布时间：2018-03-12 15:48

本文选题：数字货币　切入点：信用　出处：《吉林大学》2013年博士论文　论文类型：学位论文

【摘要】：本文以马克思关于实体货币与计算货币关系的理论为指导，深入地研究了在信用经济高度发展的当代，数字货币如何突破实体货币的限制迅速扩张，满足贸易和资本运营的需要，推动贸易和生产的发展，推动整体经济的发展；与此同时，本文又研究了数字货币的扩张必然受到实体货币和实体经济的限制，一旦数字货币扩张过度，就会发生货币危机。基于这一基本理论，本文首先研究数字货币的概念，，指出货币数字化是货币职能的要求，实体货币在执行货币的五种职能时转化为数字货币，在执行货币的资本职能时转化为未来的数字货币；进而从数字货币视角对传统的货币数量说进行分析，指出真正有意义的货币供给是流通中的数字货币而不是银行创造的货币，银行只能根据交易状况管理货币供给，并据此对中国的货币数量规律进行了实证分析，以期为我国央行制定宏观货币政策提供理论参考；本文依据马克思的货币危机理论对美国次贷危机的研究独辟蹊径，通过研究美国货币数字化膨胀过程指出，MBS、CDO、CDS等有价证券所代表的未来数字货币与现实货币的矛盾激化，导致以房屋表现的商品与货币的矛盾爆发是次贷危机的根源。最后依据马克思的货币数量思想对美联储量化宽松货币政策进行了理论与实证分析。指出美国实体经济不振，美国公众对美国经济信心不足，导致美联储发行的货币无法转变为流通中的真实购买力，不能刺激生产，特别不能刺激制造业的生产，增加的货币只能在金融市场中发挥作用。这是美联储量化宽松货币政策未达预期的根本原因。
[Abstract]:Under the guidance of Marx's theory on the relationship between real money and calculating money, this paper deeply studies how digital currency breaks through the restriction of real currency and expands rapidly in the contemporary era of highly developed credit economy. To meet the needs of trade and capital operation, to promote the development of trade and production, to promote the development of the overall economy; at the same time, this paper also studies that the expansion of digital money is bound to be restricted by real money and real economy. Once the expansion of digital money is excessive, there will be currency crisis. Based on this basic theory, this paper first studies the concept of digital money and points out that the digitalization of currency is the requirement of monetary function. The real currency is transformed into digital currency when it performs five functions of money and the capital function of currency is transformed into digital currency in the future, and then the traditional theory of monetary quantity is analyzed from the perspective of digital money. It is pointed out that the truly meaningful money supply is the digital money in circulation rather than the money created by the bank, and the bank can only manage the money supply according to the transaction status. Based on this, the paper makes an empirical analysis on the law of the quantity of money in China. In order to provide theoretical reference for China's central bank to formulate macro-monetary policy, this paper based on Marx's theory of monetary crisis to the study of the sub-prime mortgage crisis in the United States to create a unique path, The paper points out that the contradiction between future digital currency and real currency represented by securities such as MBS / CDO / CDS is intensified by studying the process of American currency's digital expansion. The root of the subprime mortgage crisis is the conflict between the commodity and the currency represented by housing. Finally, according to Marx's thought of monetary quantity, the paper makes a theoretical and empirical analysis on the monetary policy of quantitative easing of the Federal Reserve, and points out that the real economy of the United States is weak. The lack of confidence in the US economy by the American public has prevented the Federal Reserve from issuing money into real purchasing power in circulation, not stimulating production, especially in manufacturing. Increased money can only work in financial markets. This is the underlying reason why the Fed's quantitative easing policy has fallen short of expectations.
【学位授予单位】：吉林大学
【学位级别】：博士
【学位授予年份】：2013
【分类号】：F820

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