Author(s)

Yujing Li

Corresponding Author

Yujing Li

Abstract

With the development of the Internet, Tencent and Alibaba Group launched e-moneys represented by WeChat Pay and Alipay respectively. The booming of electronic money has had an impact on real money and commercial bank payments. This paper takes the currency multiplier effect as the analysis framework and discusses the impact of Yu'e Bao on commercial banks. At the same time, the theoretical analysis using the currency multiplier formula has a certain significance for the study of the development of electronic currency.

Keywords

Currency Multiplier, Balance Treasure, Commercial Bank, Currency Electronic