虚拟货币的发展与货币理论和政策的重构

3,,,,,3:19100875:[e-mail],,(commoditymoney),,(papermoney),,,(electronicmoney),(virtualmoney),,,,,,,,207070,(magnetictripcards),,,,,,,,,(creditcards),,57830023,;,(ATMcards)(debitcards),(prepaidcards),,,,,,,,,,,;,70,(chipcards),:,(memorycards),(smartcards),,,,,80,(opticalcards)(lasercards),,,,,90,(internetmoney),,,,,,:,,,,,,,,,,,:(1)(2),,,,,,(3),:,-;,-;,-,67830023:,,,,,,,,:(1),,(2),,,,,,(3),,,,:--:(1),(2),,(3),,,,:,,,,,,,,,,,,,,,,,,,,,,,,,,,,:,,,?,,77830023,,,,,100%100%,,40%,60%,40%,100%,60%,,,,,,11995,1(1995)()()190544000006207300005500220000:Solomon(1997),,SolomonSolomon(1997)M1M2M3,M31M32M33,t,Me,Me=(1-t)(+++),M31=M1+Me,M32=M2+Me,M33=M3+Me,,,r,k,e,K,K=1ö(r+e+k)R,C,D,M,,:M=D+kD(1)=1r+e+k(R+C)+kr+e+k(R+C)(2)=1+kr+e+k(R+C)(3),r;e,,,ek,,,k;,,k,Miyw:M=f(i,y,w),,s,M,M3,,:M3=M+(1-t)sM(4)=1+kr+e+k(R+C)+(1+k)(1-t)sr+e+k(R+C)(5)=1+k+s+ks-ts-ktsr+e+k(R+C)(6),s,,,,,s,s,,,s,s,,s,M3iywu:M=f(i,y,w,u),,,s,,87830023,,,,;,(Wray,1992)(3),-e,$k-k,1r+e0,1+kr+e+k,(1+k+$k)ö(r+e+k+$k)(1+k)ö(r+e+k),(1+k-$k)ö(r+e+k-$k)(1+k)ö(r+e+k)-kek,,e,-k,,,,,,rRC,,,,,-s,,rRC,,,,,,,:,?2030,,,,,,,,,,,,,?,,,,,-t,-t,,-t,:Solomon,E.H.(1997):VirtualMoney,OxfordUniversityPress.Wray,L.R.(1992):CommercialBankandEndogenousMoney,JournalofPostKeynesianEconomics,Spring,Vol.14.(:200210:)97830023