我国银行卡现金替代效应的理论与实证研究

Bank card have certain characteristics of currency, in the long term, it’s very likely for bank card to Substitute cash or other form currency. This paper makes a theoretical and empirical study on the substitution of cash by bank card in China. The study results show that bank card in China has not bring on good cash substitution effect, This paper tries to explain this phenomena, then provide theoretic reference accordingly.