IMPACT OF ELECTRONIC DEMAND PAYMENT OF MONEY

被引：3
作者：
Galan Figueroa, Javier [1 ,2 ]
Venegas Martinez, Francisco [1 ,2 ]
机构：
[1] Univ Nacl Autonoma Mexico, Mexico City 04510, DF, Mexico
[2] Inst Politecn Nacl, Mexico City 07738, DF, Mexico
来源：
INVESTIGACION ECONOMICA | 2016年 / 75卷 / 295期
关键词：
electronic transfers; money demand; monetary policy; VEC; MONETARY TRANSMISSION MECHANISM; GENERAL EQUILIBRIUM VERSION; BAUMOL-TOBIN MODEL; TRANSACTIONS DEMAND; CASH; POLICY; COINTEGRATION;
D O I：
10.1016/j.inveco.2016.03.003
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper examines the impact of electronic payment systems of high and low value on money demand. To do this, the research departs from the theoretical framework of a model of overlapping generations that explains how electronic payment systems affects money demand and how the authority can impact on the payment systems to ensure their stability and efficiency. Subsequently, the methodologies of cointegration and error correction are applied to determine the existence of an equilibrium between electronic payments and money demand.
引用
收藏
页码：93 / 124
页数：32
相关论文
共 56 条
[1]  
AFP, 2015, PAYM FRAUD CONTR SUR
[2]  
AFP (Association for Financial Professionals), 2010, REP SURV RES
[3]  
Alexandrova-Kabadjova B., 2012, 201217 BANC MEX
[4]  
ALLEN H, 2003, BANK ENGLAND Q B, V43, P428
[5]  
Allsopp P, 2009, FINANCIAL INFRASTRUC
[6]   Financial Innovation and the Transactions Demand for Cash [J].
Alvarez, Fernando ;
Lippi, Francesco .
ECONOMETRICA, 2009, 77 (02) :363-402
[7]  
Amromin G., 2007, 200704 FED RES BANK
[8]  
[Anonymous], 1998, REP EL MON
[9]  
Bank of England, 2013, PAYM SYST OV REP 201
[10]   THE TRANSACTIONS DEMAND FOR CASH: AN INVENTORY THEORETIC APPROACH [J].
Baumol, William J. .
QUARTERLY JOURNAL OF ECONOMICS, 1952, 66 (04) :545-556
123456