The Development Trend of Electronic Money and Its Influence on Currency Liquidity

摘要

With the development of Internet and mobile communication, it has become an indispensable part of people's daily life, mobile payment and online payment has become an significant way of payment. The goal of this paper is to study the emergence and development of electronic money and to prove that its development not only changed the form of money, but also changed the supply structure of money, which had a significant impact on monetary liquidity. The test of the correlation between electronic money and monetary liquidity proves that electronic money has a distinct substitution effect on the currency with strong liquidity, but this substitution is not a simple form of substitution.