A Research On The Implications Of Electronic Money For The Currency Supply And Demand And Effectiveness Of Monetary Policy

As an important and effective tool of macroeconomic control, monetary policy has played an important part in ensuring stable currency and accelerating. However, with the further development of Internet, electronic currency replaced tangible currency. At the same time, the whole financial system and the action of every part, the internal correlativity of currency and macroeconomic emerged profound change which made the conventional monetary policy loss its precondition and foundation. All these made the effect of monetary policy weaken. The thesis, based on e-currency and monetary policy, analyses the implications of e-currency for the currency supply and demand and effectiveness of monetary policy. Then it put forward some strategies suitable for the central bank at present. The thesis therefore breaks down into five parts as followed:Part one is a simple introduction of the viewpoint of domestic and overseas academician and the correlative research. Concerning...