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2005•Journal of Zhengzhou Institute of Aeronautical Industry ManagementRequires access

Study on the Electronic Money and Money Creation and the Efficiency of Monetary Policy

Guangyou Zhou

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Abstract

The appearances and developments electronic money have already given the traditional money and financial theories to bring the trementdous challenge.This paper has introduced the electronic money into the the evidence analysis process of deposit money creation,revised the traditional deposit multiple model.and has endow with the new explanation to the new model policy meaning.Finally,it has drawn several enlightenment conclusions.

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What this paper is about

The appearances and developments electronic money have already given the traditional money and financial theories to bring the trementdous challenge.This paper has introduced the electronic money into the the evidence analysis process of deposit money creation,revised the traditional deposit multiple model.and has endow with the new explanation to the new model policy meaning.Finally,it has drawn several enlightenment conclusions.

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Available abstract

The appearances and developments electronic money have already given the traditional money and financial theories to bring the trementdous challenge.This paper has introduced the electronic money into the the evidence analysis process of deposit money creation,revised the traditional deposit multiple model.and has endow with the new explanation to the new model policy meaning.Finally,it has drawn several enlightenment conclusions.

Key concepts: Electronic money, Money creation, Meaning (existential), Enlightenment, Monetary policy, Economics, Process (computing), Endogenous money

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