An Empirical Analysis of the Impact of Internet Finance on Money Supply

DOI

10.2991/ebmcsr-18.2018.19How to use a DOI?

Keywords

Internet finance; money supply; third-party payment; electronic money; cash leakage rate.

Abstract

The emergence and development of Internet finance has brought about a thorough subversion and profound transformation of traditional finance, which not only changed the supply and demand structure of money, but also had a profound impact on the transmission mechanism of monetary policy. Based on the analysis of the impact of Internet finance on the money supply, this paper chooses the money multiplier M1 and the money multiplier M2 based on the money multiplier theory as the explanatory variables, and the ratio EM and cash leakage of the third party payment total to the money supply M2. The damage rate k is used as an explanatory variable construction model for empirical analysis and corresponding policy recommendations are given.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Min Wei
PY  - 2018/11
DA  - 2018/11
TI  - An Empirical Analysis of the Impact of Internet Finance on Money Supply
BT  - Proceedings of the 2018 International Conference on Economics, Business, Management and Corporate Social Responsibility (EBMCSR 2018)
PB  - Atlantis Press
SP  - 104
EP  - 108
SN  - 2352-5428
UR  - https://doi.org/10.2991/ebmcsr-18.2018.19
DO  - 10.2991/ebmcsr-18.2018.19
ID  - Wei2018/11
ER  -