On the Impact of Electronic Money on Commercial Banks
Absrtact
With the rapid development of information technology and Internet, electronic money has also developed rapidly, and began to have a long-term impact on the economy, society and life. Because of the convenience of payment, the rapid circulation of electronic funds and the impact of replacement on cash deposits and demand deposits, they have a significant impact on the current monetary system and on all aspects and aspects of the establishment of deposit mechanism in commercial banks. As the latest form of currency development, electronic money can improve transaction efficiency and reduce transaction costs compared with traditional money. It is a promising currency. However, the use of electronic money has also brought about problems such as monetary tax, monetary policy impact and even commercial banks, which has aroused the attention and research of government departments and scientists. In recent years, articles on electronic money have appeared frequently in newspapers and magazines. Some people call it digital money, electronic cash and so on. Their definitions are different. The impact of electronic money is also a matter of opinion. In China, due to the relative delay in the development of electronic money, its understanding is still limited to basic electronic money such as bank cards. Therefore, the impact of the use of electronic money on commercial banks has not been fully recognized. This paper will examine the theoretical and empirical aspects, and analyze the impact of China's e-money development.