Analysis on the Influence of Electronic Currency Circulation on Central Bank

Abstract

In the contemporary world, the rise of electronic money has attracted many people's concern. The applicability and efficiency of using electronic money have become the reasons why people love to use it. But electronic money also has a certain impact on the central bank. This paper analyzes the challenge of electronic money to the central bank from the perspective of the monopoly of electronic money on the central bank's currency distribution rights and its impact on the stability of the central bank. Meanwhile, this article also analyzes the impact of electronic money on the central bank's monetary policy including money supply, circulation speed and introduces some feasible solutions in the end.