THE SIGNIFICANCE OF DIGITAL MONEY ON MONETARY AND CREDIT THEORY, AND INFRUENCE ON MONETARY SYSTEM AND MONETARY POLICY

我们认为，数字货币的出现似乎落后于电子结算手段，如借记卡、网上银行和新型银行（如虚拟银行）。电子结算手段在系统性风险的安全对策和各系统连接的规范化方面存在局限性。这些都需要高昂的沟通成本和商店方面的费用，这是不可忽视的。如果使用数字货币，这些问题都可以避免，它的使用将逐渐从小额支付扩展开来。我们试图从理论上明确数字货币（狭义）的本质在市场经济中，最初的货币是黄金，但随着信托制度的建立，纸币和存款货币应运而生。虽然这些是通过信托（信托货币）借出的，但它们的功能与货币一样。由于发行权集中在中央银行，银行开始以存款货币提供信贷信托货币有两种类型，一种是存款货币，在这种情况下是购买……更多的付款指示文件流通，另一种是银行票据，银行的债务票据流通。与电子结算手段是存款货币转移的电子化不同，数字货币是以发信人的信用为基础的纸币流通的电子化。有时，央行的独家发行可能会崩溃。关于数字货币本质的争论是19世纪英国货币争论的翻版。当时虽然与本位货币（黄金）有系统的结合，但逐渐放宽了银行券的发行，建立了目前的管制货币体系。信托货币的发行并不是标准货币（如黄金）的唯一规定。数字货币应该对金融体系和金融政策产生什么样的影响，这取决于数字货币被假定能够传播多少。我们认为目前的论点只是一个入口，因为我们可以考虑数字货币广泛流通的情况，而不仅仅是作为转移手段，它有可能独立于央行纸币而独立流通。如果我们关注货币作为一种交流工具的使用方式，例如社区货币，我们可以将市场经济与货币进行交替思考。相对于目前的市场经济而言，数字货币的可能性会越来越大。少

We think as if the presence of digital money is elehind by electronic settlement means like as debit card, Internet-banking and new makes of bank (for example virtual bank). Electronic settlement means have limitations in the safety countermeasure for systemic risk and in the standardization of connecting various systems. These need high communication costs and charges on the store side, which can't be ignored. These problems can be avoided in case of digital money, and use of it will spread out from small payment gradually.We tried to clear the nature of digital money (in narrow sense) theoretically.1 Though original money was gold in market economy, bank note and deposit currency were born as the trust system was organized. They function as money though these are lent by trust (trust money). As the issuing rights are concentrated on the central bank, banks become to give credit by the deposit currency.2 There are two types of trust money, one is a deposit currency, in this case a buy … More er's payment directions document circulate, and the other is the bank note, the debt bill of the bank circulates. Deferent from the electronic settlement means which is the electronicization of the transferring of deposit currency, the digital money is electronicization of bank note circulate by the credibility of originator.In occasion, it may happen that the exclusive issue of the central bank collapses. Argument over the nature of digital money is the reprint of the currency controversy in 19-century England. At that time, though it was combined stemly by standard money (gold), bank note issue was eased gradually and the control currency system at present was built.The issue of the trust money isn't prescribed uniquely for the standard money (as gold).It is depend on how much digital money are presumed to be able to spread, digital money shall have what kind of influence on the financial system and on financial policy.We think the present argument is only an entrance, because we can think the situation that the digital money circulates widely not only as the transfer means, and he possibility that it stands on its own feet and circulates independently from the central bank note.If we pay attention to the way of using money as a communication tool, for example community currency, we can think about the market economy and the money altematively. The possibility of digital money will grow more by thinking of present market economy relative. Less