حوليات جامعة بشار في العلوم الاقتصادية
Volume 5, Numéro 2, Pages 320-329
2018-06-01

The Effect Of Electronic Money On The Growth Rate Of Currency In Circulation Singapore 2007-2016

Authors : Letaief Walid .

Abstract

The purpose of this study is to examine the potential impact of electronic money substation on the central bank’s currency in Singapore from 2007 to 2016. The study concluded the the narrow definition of money should be re-introduced through the introduction of electronic money, and that the replacement of electronic money to the currency of monetary authority of Singapore contributes in reducing the currency level in circulation by 0.2 percent.

Keywords

cash drop rate, currency in circulation, electronic money, interest rate, the velocity of money rate.