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Paper Information

Journal:   JOURNAL OF FINANCIAL ECONOMICS (FINANCIAL ECONOMICS AND DEVELOPMENT)   winter 2019 , Volume 12 , Number 45 #p00531; Page(s) 193 To 212.

The effects of Electronic Means of Payment (EMOP) on inflation and the velocity of Money

Author(s):  SAMSAMI HOSSEIN*, Nokhodberiz Nooshin
* Shahid Beheshti University
The main purpose of the current study was to investigate the effects electronic means of payment on inflation and velocity of money using time series data analysis during the period from 2006 to 2013. To this end, a model was estimated for the inflation and the velocity of money using (3SLS) Simultaneous Equation Model (SEM). The results of the study indicated that an increase in the number of ATMs and point of sale (POS) electronic instruments increases the velocity of money and inflation.
Keyword(s): Electronic payments,the velocity of money,inflation,simultaneous equation model
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