虚拟货币对货币供求影响的理论研究

发布时间：2018-05-01 07:13

本文选题：货币政策 + 虚拟货币　；参考：《南方金融》2014年10期

【摘要】：本文基于虚拟货币的定义和分类,探讨虚拟货币对货币供求的影响,进而构建涵盖虚拟货币的新的货币需求理论以及货币供给理论。本文认为,虚拟货币对货币需求的影响方向和大小取决于其与现实经济的联系以及与现实世界货币(传统货币和电子货币)之间的互动关系,虚拟货币对现实世界交易性货币的替代会导致货币流通速度下降。如果将虚拟货币确认为非货币,则其对货币供给的影响是间接的,影响方向和大小取决于虚拟货币的类型;如果将虚拟货币确认为货币,则会直接导致狭义货币乘数和广义货币乘数增大。基于此,本文讨论了虚拟货币发行对中央银行货币政策有效性的影响,并就相关监管措施提出了建议。
[Abstract]:Based on the definition and classification of virtual money, this paper discusses the influence of virtual money on the supply and demand of money, and then constructs a new theory of money demand and money supply which covers virtual currency. This paper holds that the direction and magnitude of the influence of virtual money on the demand for money depends on its relationship with the real economy and the interaction with the real world currency (traditional currency and electronic currency). The substitution of virtual currency for real-world transactional currency will result in the decrease of currency velocity. If a virtual currency is recognized as non-monetary, its impact on the money supply is indirect, and the direction and magnitude of the impact depend on the type of virtual currency; if the virtual currency is recognized as currency, It will directly lead to the increase of the narrow money multiplier and the broad money multiplier. Based on this, this paper discusses the effect of virtual currency issuance on the effectiveness of central bank monetary policy, and puts forward some suggestions on relevant regulatory measures.
【作者单位】：外交学院国际经济学院;
【基金】：中央高校基本科研业务费专项资金重点创新项目《电子货币虚拟货币理论前沿问题研究》(项目编号:3162013ZYKB04)的阶段性成果
【分类号】：F821;F49

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