第三方互联网支付对预防性货币需求影响的实证研究

发布时间：2019-04-23 17:12

【摘要】：以互联网金融发展为背景,第三方互联网支付为视角,将其引入传统货币需求理论框架,通过修正惠伦模型,建立第三方互联网支付条件下的货币需求模型,定性分析第三方互联网支付对预防性货币需求的影响机制;同时,实证检验第三方互联网支付与预防性货币需求之间的相关性。研究表明:(1)第三方互联网支付快速发展将会替代部分预防性现金需求,且加速不同层次货币间转化,进而减少预防性货币需求。(2)实证结果表明,转化成本、机会成本、流动性比率及第三方互联网支付替代率均对预防性货币需求产生显著影响。基于理论分析及实证检验,提出相关建议。
[Abstract]:Based on the background of the development of Internet finance and the perspective of the third-party Internet payment, this paper introduces it into the theoretical framework of traditional money demand, and establishes the money demand model under the condition of third-party Internet payment by modifying the Whitlan model. Qualitative analysis of the impact mechanism of third-party Internet payment on preventive money demand; At the same time, the empirical test of the third-party Internet payment and preventive money demand correlation. The research shows that: (1) the rapid development of third-party Internet payment will replace some preventive cash needs, and accelerate the transformation of different levels of money, thus reducing the preventive money demand. (2) the empirical results show that the conversion cost, Opportunity cost, liquidity ratio and third-party Internet payment substitution rate all have a significant impact on preventive money demand. Based on theoretical analysis and empirical test, some suggestions are put forward.
【作者单位】：杭州电子科技大学经济学院;
【基金】：浙江省教育规划研究课题(SCG256) 浙江省智慧城市区域协同创新中心项目(ZXZH1401009) 杭州电子科技大学研究生科研创新基金项目(CXJJ2016002)
【分类号】：F832.2

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