文档介绍：华中科技大学
硕士学位论文
电子货币的发展及其对中央银行货币政策的影响
姓名:王春雷
申请学位级别:硕士
专业:金融学
指导教师:张宗成
20050428
摘要
货币在发展过程中经历了三个阶段商品货币纸张货币和电子货币从货币的
发展历程可以看出货币制度的变迁是为了提高货币流通速度降低货币流通费用
从而降低商品交易费用随着信息和通讯技术的发展电子货币取代传统通货已经成
为一种不可避免的趋势而且会对中央银行的货币政策造成显著的影响
本文先从货币的一般定义及职能出发将电子货币划分为几个不同的集合区分
了众多电子支付方式产生的电子货币然后研究电子货币产业结构以及均衡方面的问
题接着分析信息和通讯技术的发展对中央银行中介目标的影响研究中央银行是否
能够有效的控制短期操作目标
结论表明电子货币可以划分成电子化转移价值可以储存的电子化转移价值
流通电子货币三个从大到小的集合信息和通讯技术的发展会造成电子货币产业的激
烈竞争及市场需求的迅速扩大发行电子货币的金融中介机构会形成接近垄断竞争的
局面而且金融中介的边际成本逐渐降低人们对新的支付方式更加熟悉和乐意接受
都会促进电子货币产业超过“临界点”只要对中央银行发行的货币存在结算需求信
息和通讯技术造成的通货和法定储备金的需求减少对中央银行控制银行间储备市场
利率的能力不会造成影响然而这需要中央银行改变货币政策操作机制

关键词电子化转移临界点便利条件
I
Abstract
The money has gone through three stages in the course of developing: commodity
money, paper money and electronic money. From the development course of the money, the
changes of the ary system are for improving the speed of money flow, reducing the
ary circulation costs, thus reduce the trade expenses of the goods. With the
improvement of information munication technology, it es an unavoidable
trend that the electronic money will replace traditional currency and have a remarkable
influence on ary policy of central banks.
This paper first proceeds from general definition and function of money, divide the
electronic money into several different sets, distinguish the electronic money that various
kinds of electronic means of payment produce essentially; Then study the industrial
structure and developing of electronic money; Finally analyze the impacts of development
of information munication technology on intermediary targets of central banks,
consider that whether central banks have the ability to control short-term operating target.
This paper makes several conclusions. The electronic money can be divided into three
sets according to its characteristic: electronic transfers, storable electronic transfers and
circulating electronic money. The development of information munication
technology