Analysis on the Influence of Electronic Currency Circulation on Central Bank

DOI

10.2991/aebmr.k.210319.016How to use a DOI?

Keywords

Electronic money, the central bank, monetary policy

Abstract

In the contemporary world, the rise of electronic money has attracted many people’s concern. The applicability and efficiency of using electronic money have become the reasons why people love to use it. But electronic money also has a certain impact on the central bank. This paper analyzes the challenge of electronic money to the central bank from the perspective of the monopoly of electronic money on the central bank’s currency distribution rights and its impact on the stability of the central bank. Meanwhile, this article also analyzes the impact of electronic money on the central bank’s monetary policy including money supply, circulation speed and introduces some feasible solutions in the end.

Copyright

© 2021, 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  - Yutong Zhang
PY  - 2021
DA  - 2021/03/22
TI  - Analysis on the Influence of Electronic Currency Circulation on Central Bank
BT  - Proceedings of the 6th International Conference on Financial Innovation and Economic Development (ICFIED 2021)
PB  - Atlantis Press
SP  - 84
EP  - 89
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210319.016
DO  - 10.2991/aebmr.k.210319.016
ID  - Zhang2021
ER  -