The Analysis Of The Internet Financial Impact On The Traditional Monetary Policy

In this paper,through the literature research and field survey method,and the method of using pulse analysis and structural equation analysis,from the point of view of theoretical and empirical analysis of the Internet financial impact on traditional monetary policy.In recent years,with the further development of information technology and the deepening of the financial market system,the financial development of the Internet.The development of the Internet financial is the a thorough subversion of traditional financial and reform.Internet financial it produces financial disintermediation,the Internet economy and under the background of interest rate marketization,on the one hand,the development of the Internet financial,can effectively solve the financing problem of small and medium-sized enterprises,promote the marketization.But Internet financial development will have a serious impact on monetary policy,the Internet finance will make the original can only be affected by the great monetary form and function,and is likely to change currency demand structure,effects on the final outcome of the money multiplier is the central people's bank for the effectiveness of monetary policy has been weakened by the development of the Internet financial for monetary policy will have far-reaching impact.This article focuses on the characteristics of the Internet financial to effect the money supply and the demand of the Internet financial two problems,and make recommendations on how to make monetary policy more effectively.Angle from the Angle of theory and empirical analysis,summarized the mechanism of the Internet financial impact of monetary policy,based on the currency demand and currency supply and currency policy three Angle analysis,think that the development of the Internet financial,increase the motivation of public investment,expand at the same time for the supply of monetary channel,monetary supply controllability and predictability of difficulty will increase.So the development of the Internet financial for monetary policy will be an impact,impact on the effectiveness of monetary policy.To regulate Internet financial effects on the impact of monetary policy,the central people's bank need to further improve the intermediary target of monetary policy,improve the monetary policy transmission mechanism,for the development of the Internet financial platform we should not totally deny,but to actively guide the healthy development of the Internet financial platform,strengthen monitoring of financial platform on the Internet.