A Study on the Effects of Credit Card Usage on Money Demand and Consumption

소비와 화페수요에 대한 신용카드 효과

  • 정군오 (호서대학교 경상학부) ;
  • 이요섭 (호서대학교 경상학부) ;
  • 김동환 (호서대학교 경상학부)
  • Published : 2001.12.01

Abstract

The purpose of this paper is to verify and statistically analyze the effect of credit card expenditure on money demand. Statistical analysis was Performed regarding credit spending volume. Ml, M2, M3, non-monetary banking deposit (OFI) and many other parameters based on time-series data for 14 years, from 1985 to 1998. The results suggest that credit card is not the main cause of inflation or increase of money supply but it would become an economic creation on contributing to human life in the coming century. Therefore the monetary authorities must develop the credit card industry, so as to improve positive function of credit cards and to keep controlling some of its negative functions minimally.

Keywords

신용카드;화폐수요;소비효과