An Empirical Study Of The Impact Of The Third Party Payment On The Inflation In China

The third party payment is a new type of payment,which plays a role in the credit intermediation in the electronic commerce and achieves the security of transactions between the two sides of the payment and settlement.In the history,the human payment and settlement has experienced the way that the two sides of the transaction pay and settle by the goods,currency,electronic currency.However,the electronic commerce in China is developing rapidly.But our country's credit system and the small payment settlement system are not perfect,which make the third party payment in China make it product and develop rapidly.There are some studies that have indicated that the change of the payment and settlement medium and the way will have a certain impact on the monetary system.Then it has a certain impact on the one country's inflation.So what impact does the general use of the third party payment in electronic commerce have on the monetary system and inflation in China.On the basis of the review of domestic and foreign scholars' studies,this paper will analyze the impact of the third party payment on the monetary system and the inflation in China by a method of a combination of theoretical and empirical research.In theoretical research,firstly,this paper starting from the third party payment medium and payment principle analyzes the impact of the third payment on the currency speed and the narrow money multiplier in China and then analyzes the inflation in China.In the empirical research,taking the third party interment payment as an example,this paper firstly analyzes the impact of the third payment on the currency speed and the narrow money multiplier in China and then analyzes the inflation in China.And on the basis of summarizing the results of theoretical analysis and empirical analysis,this paper gets some conclusions and puts up with some new methods and advices to regulate the monetary velocity,the narrow money multiplier and inflation in China from the third payment.This paper draws the following conclusions: the third party payment increases the currency circulation speed(V1)and reduces the narrow money multiplier in China;the current third party payment increases the degree of inflation in China.The current third party payment accelerated effect is greater than the effect of precipitation.Theprevious period third party payment reduces the degree of inflation in China.At present,the third-party payment reduces the inflation in China.