Empirical Analysis on the Substitution Effects of Electronic Currency

Author

Zhang, Minghong ; Zou, Shan ; You, Honghui ; Yuan, Deyu

Author_Institution

Dept. of Public Econ., Xiamen Univ., Xiamen, China

fYear

2009

fDate

6-7 June 2009

Firstpage

416

Lastpage

419

Abstract

In this document, we differentiate the long-term impact and the short-term substitution effects of electronic currency by dividing money assets into three levels. We then do empirical analysis on the related seasonal data in China by unit root test, co-integration test and error correction model. The result shows that substitution effects of electronic currency will decrease in the short-term and increase in the long-term in China.

Keywords

autoregressive processes; electronic money; foreign exchange trading; cointegration test; electronic currency; empirical analysis; error correction model; money assets; substitution effects; unit root test; Economic indicators; Electronic commerce; Electronic equipment testing; Error correction; FETs; Life testing; Statistics; co-integration test; electronic currency; error correction model; substitution effects;

fLanguage

English

Publisher

ieee

Conference_Titel

Electronic Commerce and Business Intelligence, 2009. ECBI 2009. International Conference on

Conference_Location

Beijing

Print_ISBN

978-0-7695-3661-3

Type

conf

DOI

10.1109/ECBI.2009.100

Filename

5190487

Link To Document

https://search.isc.ac/dl/search/defaultta.aspx?DTC=49&DC=2764031