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电子货币的发展影响着货币流通速度,本文认为影响货币流通速度的指标主要有现金比率、货币流动性和金融发达程度。通过协整理论方法建立货币流通速度的变化率在V0、V1、V2层面分别与这三个指标之间的关系。通过协整方程发现,货币流通速度的变化率在V0、V1、V2层面与现金比率存在正相关关系、与金融发达程度存在负相关关系、与货币供给流动性存在正相关关系。
The development of electronic money affects the speed of money circulation. This paper believes that the indicators of the speed of money circulation mainly include cash ratio, currency liquidity and financial development. The covariance theory method is used to establish the relationship between the rate of change of the money circulation velocity and the three indicators in the levels of V0, V1, and V2. Through the cointegration equation, it is found that the rate of change of the money circulation rate has a positive correlation with the cash ratio at levels V0, V1, and V2, a negative correlation with the level of financial development, and a positive correlation with the money supply liquidity.