Digital currency m0m1m2
At 8:00 on October 11, Shenzhen & lt; Enjoy Luohu digital RMB red envelope & quot; At the end of the appointment, the system successfully completed the pilot appointment registration, which is an important step in the development process of digital RMB. Adrian said: & lt; China's digital currency pilot leads the world, and the IMF pays close attention to the pilot situation of China's digital currency in some urban areas& rdquo; From the perspective of monetary statistics, the central bank's digital currency belongs to the category of M0, that is, cash, not M1 or m2. Therefore, he does not think it is necessary to worry about the impact on banks in the initial stage{ RRRRR}
overall, the impact of digital RMB on China's financial system will be all-round, and the development of China's digital system will usher in a new era
1. M0: cash in circulation
M1: M0 + enterprise current deposit + organ group army deposit + rural deposit + personal credit card deposit M2: M1 + savings deposits of urban and rural residents + fixed deposits in enterprise deposits + foreign currency deposits + trust deposits M3: M2 + financial bond + commercial paper + large amount negotiable certificate of deposit, etcthe base money is composed of four parts: legal reserve, excess reserve, cash on hand and public cash outside the banking system
the balance of RMB deposits refers to the sum of the amount of RMB deposits deposited by banks and other financial institutions at a certain time point, including the sum of savings and corporate demand deposits, time deposits, deposits with other banks and deposits with the central bank
expanding exhibition materials
under the condition of market economy, the role of financial macro-control is increasingly obvious. As the central bank, the ultimate goal of the people's Bank of China's monetary policy is to maintain the stability of the value of RMB. This change means that the central bank's analysis and judgment of economic and financial trends, adjustment and implementation of monetary policy analysis index system will have a significant change
Base money is the precondition of money supply. To control the money supply, we must limit the base money to a reasonable range. The size of the excess reserve is the constraint of the credit expansion ability in the commercial bank system. And the whole money supply is the proct of base money and credit expansion capacity (money multiplier)in the regulation mechanism of money supply, the important role of the three basic factors of "excess reserve of base money and its multiplier effect money supply" can not be ignored
source of reference: Internet money supply
source of reference: Internet RMB deposit balance source of reference
it should be noted that I must go when the weather is fine. When I went to the global financial center some time ago, I just didn't listen to my advice and went up to the 100th floor, but all I could see was a vast expanse of water mist.