IMF-移动货币是货币的一部分吗？了解趋势和测量（英）-2021.7.docxVIP

WP/21/177 Is Mobile Money Part of Money? Understanding the Trends and Measurement Kazuko Shirono, Bidisha Das, Yingjie Fan, Esha Chhabra and Hector Carcel-Villanova IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management. 2 ? 2021 International Monetary Fund WP/21/177 IMF Working Paper Statistics Department Is Mobile Money Part of Money? Understanding the Trends and Measurement Prepared by Kazuko Shirono, Bidisha Das, Yingjie Fan, Esha Chhabra and Hector Carcel- Villanova1 Authorized for distribution by Marco Espinosa-Vega July 2021 IMF Working Papers IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management. Abstract The rapid uptake of mobile money in recent years has generated new data needs and growing interest in understanding its impact on broad money. This paper reviews mobile money trends using mobile money data from the Financial Access Survey (FAS) and examines the statistical treatment of mobile money under the IMF’s Monetary and Financial Statistics (MFS) framework. MFS guidance is straightforward in most cases, as many jurisdictions have adopted regulations which ensure that mobile money is captured in the banking system and thus in the calculation of broad money. However, in cases where mobile network operators (MNOs) act as niche financial intermediaries outside the banking regulatory perimeter and are allowed to invest their customer funds in sovereign securities and other permitted assets, mobile money liabilities may remain outside the banking system as well as monetary statistics. In th