DocumentCode :
2764031
Title :
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 :
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